Advent/MicroEdge Acquires NPO Solutions

Advent Software has announced the acquisition of Loudon, New Hampshire-based NPO Solutions, a provider of information software management to community foundations, through its wholly owned subsidiary MicroEdge, Inc. New York City-based MicroEdge offers software and services for grants management, matching gifts, and volunteer tracking. Together, MicroEdge and NPO Solutions have an installed base of 1,900-plus organizations and more than 11,000 users.

"Community foundations are experiencing tremendous growth, and there are significant opportunities for us to help them to better serve their donors and communities by providing leading technology solutions and forging closer relationships with the financial community," said John Sestak, a partner at NPO Solutions. "Joining forces with MicroEdge and Advent will give us the important infrastructure we need to address the changing needs of this market...."

According to a Q&A document on the Advent Web site, in the short term NPO clients will continue to use the grants management software that's integrated into NPO systems. Going forward, however, the companies will look to combine the best aspects of their existing grants systems into a comprehensive suite of Web-enabled modules.

For more information on the acquisition, visit the Investor Relations area of the Advent Web site: http://www.advent.com/about/financials/npo_qa.pdf

"Advent Software Acquires NPO Solutions" Advent Software Press Release 04/17/2001.