Both companies are privately held and the financial terms of the deal were not disclosed. CTK, founded in 1999, has more than 60 employees. The company will become part of Social Solutions Global, which was founded in 2000 and has more than 215 employees. Vista Equity Partners, a private equity firm, acquired Social Solutions Global last July. CTK will continue to operate in Austin.
Both companies provide software to nonprofit organizations.
“We offer a comprehensive case management software system with our Efforts to Outcomes solution,” Scott Johnson, CEO of Social Solutions Global, said in a news release. “CTK’s Apricot software will further expand SSG’s ability to help nonprofit organizations achieve their missions by enhancing our product offerings across more segments and markets.”
“CTK’s mission is to change lives in a world of unlimited need, scarce resources and growing expectations,” Kathryn Engelhardt-Cronk, CEO of Community Techknowledge, said in a news release. “SSG’s strength in public and private social services sectors will advance this mission and provide the market with a powerful software platform to help customers transform the lives of more and more people every day.”