Sylogist Acquires Innovative SaaS Fundraising Platform

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[{"type":"text","content":"\n \n \n \n Sylogist Acquires Innovative SaaS Fundraising Platform\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n PR Newswire\n \n \n \n \n CALGARY, AB,\n \n Oct. 6, 2021\n \n /PRNewswire/ -\n \n Sylogist Ltd.\n \n (TSX: SYZ) (\"Sylogist\" or the \"Company\"), is pleased to announce the acquisition of MISSION CRM Ltd. (\"Mission CRM\"), the developer of the Mission CRM fundraising and donor engagement SaaS platform for large and mid-market nonprofit organizations. Pursuant to the transaction, which closed on\n \n October 6\n \n \n th\n \n , 2021, Sylogist acquired all the shares of Mission CRM for\n \n $2.67 million\n \n (CAD), approximately 3x trailing annual revenue, subject to working capital adjustments, plus an earnout tied to agreed-upon revenue targets over the next three years. The annual earnout milestones reflect a compound annual growth rate in excess of 100%, with the business achieving more than\n \n $8.5 million\n \n in annual revenue by the end of the earnout period. Should Mission CRM achieve its earnout milestones, the total purchase price will equal approximately 1x revenue exiting FY2023. Mission CRM's two founders will remain with the company to drive its growth.\n \n \n \n \n \n \n \n \n \n Founded in 2016, Mission CRM set out to develop an innovative, 100% SaaS fundraising and donor engagement platform built on a Microsoft Dynamics 365 and Azure foundation; fully embracing the Microsoft Common Data Model (\"CDM\") for nonprofit and non-governmental organizations. With its latest release in 2020, and unlike other point-solution products in the marketplace, the platform provides seamless constituent engagement, online fundraising and campaign pages, event management, peer-to-peer fundraising, donation processing, funds distribution, postal integrations, and CRA receipting.\n \n \n Since the commercial release of the Mission CRM platform, 21 high-profile organizations across\n \n North America\n \n have selected and implemented the solution. As Mission CRM is built on top of Microsoft's Fundraising and Engagement offering and the CDM,...

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