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Bloomerang is an American software company that develops cloud-based fundraising, donor CRM, and volunteer management software for nonprofit organizations. It is based in Indianapolis, Indiana.[1]
History
editBloomerang was founded in 2012 by Jay Love and Ross Hendrickson in Indianapolis, with Love as the first chief executive officer.[2] Its early product development was based on the research of Adrian Sargeant and focused on donor retention methodologies.
In 2015, Bloomerang expanded its operations and moved to a 21,000-square-foot headquarters at Fort Benjamin Harrison in Lawrence, Indiana.[3] Hendrickson succeeded Love as chief executive officer in 2017.[4]
In 2020, Bloomerang received a growth capital investment from JMI Equity.[5] Following this financing, Bloomerang acquired a series of companies to expand its operations. In January 2021, Bloomerang acquired Kindful, a Nashville-based donor management software.[6][7] It was followed by the acquisition of the volunteer management platform InitLive in 2022 and the fundraising technology firm Qgiv in December 2023.[1][8]
In January 2023, Dennis Fois was appointed chief executive officer.[9] A year later, in 2024, Bloomerang received an investment from private equity firm Warburg Pincus, which joined JMI Equity as an investor.[10]
Platform
editThe Bloomerang Giving Platform is a cloud-based fundraising software platform for nonprofit organizations in the United States and Canada. Its core software includes a constituent relationship management (CRM) database that tracks donor interactions and giving history, using engagement scores and retention metrics.[11]
In 2021, Bloomerang introduced Bloomerang Payments, an integrated payment processing feature based on Stripe technology.[12] In 2023, Bloomerang launched Bloomerang Volunteer, an app for volunteer recruitment and scheduling derived from the InitLive acquisition. The platform also includes fundraising tools such as event management, auctions, peer-to-peer fundraising, and text-to-give features.[11]
References
edit- 1 2 "Latest Bloomerang acquisition aims to address persistent challenges for nonprofits". Nonprofit Business Advisor. 2024 (414): 5–8. March 31, 2024. doi:10.1002/nba.31659 – via CrossRef.
- ↑ Disis, By Jill. "Indianapolis software company Bloomerang plans to expand, add 70 jobs". The Indianapolis Star.
- ↑ "Software firm Bloomerang snags free land for HQ move". May 12, 2015.
- ↑ "Tech executive Love steps down as Bloomerang CEO". July 10, 2017.
- ↑ "Bloomerang CRM Acquires Fundraiser Qgiv".
- ↑ Schoettle, Anthony (January 11, 2021). "Local software firm for not-for-profit fundraising swells with acquisition".
- ↑ "Indianapolis business buys fast-growing software company Kindful". Nashville Business Journal. January 8, 2021.
- ↑ Orr, Susan (January 12, 2024). "Indianapolis-based Bloomerang acquires Florida-based software firm".
- ↑ Brown, Alex. "Bloomerang names new CEO". Inside Indiana Business.
- ↑ "Warburg Pincus buys into Bloomerang".
- 1 2 Turner, Brian (November 29, 2021). "Best nonprofit software of 2026". TechRadar.
- ↑ "Bloomerang's Non-profits Increase Year-over-Year Donations by 20% Using Bloomerang Payments".