Fullsteam Acquires Top Association Management Provider Euclid Technology
Fullsteam, a private equity holding company acquiring software and payments businesses, announced today the acquisition of Euclid Technology, a leading association management software platform. Euclid is Fullsteam’s first acquisition in the association management industry.
For more than 20 years, Euclid has provided innovative software solutions to associations, professional societies, nonprofits and other member-based organizations. ClearVantage Sapphire, the company’s industry leading SaaS platform, delivers comprehensive Association Management Software (AMS), Customer Relationship Management, Website Content Management, and Business Intelligence in one easy-to-use cloud-based solution. Euclid’s software powers hundreds of associations and nonprofits throughout the United States and Canada.
“Euclid is a perfect example of the type of company we’re looking for at Fullsteam,” said Fullsteam CEO Michael A. Lawler. “They have been an innovator and technology leader in association management for a very long time, and their software, services and support are second to none in that industry.”
Euclid’s robust software, combined with the company’s thorough implementation services and dedicated customer support team, have helped Euclid achieve a 95% year-over-year customer retention rate. Founded in 1997 and based in Bethesda, Maryland, Euclid is led by Charlie Vinal, who will continue to lead the company as its president as part of the transaction.
“I have been approached by dozens of groups interested in investing in Euclid, but Fullsteam quickly rose to the top because they shared my team’s vision of making Euclid the premier provider of software solutions to nonprofits by focusing on the quality of the software and delivering outstanding customer service,” Vinal said. “I am delighted that Euclid is now part of the Fullsteam family, and with Fullsteam’s backing, Euclid now has access to the resources we need to achieve our full potential!”
Fullsteam is a leading software and payments company headquartered in Auburn, Alabama. Fullsteam acquires companies and provides them with streamlined payments infrastructure and enhanced operational support in order to increase growth and improve profitability. Fullsteam is actively seeking further acquisitions across multiple software verticals.