Arabella Advisors Enhances Technology with Ribbon Acquisition
Deal News | Dec 04, 2024 | Globenewswire
Arabella Advisors, a leader in philanthropic advisory services, announced the acquisition of Ribbon's assets to enhance their technology-driven fiscal sponsorship solutions. This strategic acquisition includes Ribbon's client contracts, software, domain, and team members, reflecting Arabella's continued investment in technology to benefit the philanthropic sector. Arabella's CEO, Himesh Bhise, highlighted the acquisition as a step forward in serving changemakers effectively. Ribbon's CEO, Braden Fineberg, emphasized the alignment of their technology with Arabella's services, facilitating more accessible fiscal sponsorships. Notable for its speed, flexibility, and affordability, Ribbon's software has been positively received by its clients. Arabella welcomes Ribbon's clients and looks forward to maximizing their impact with innovative technology solutions.
Sectors
- Philanthropy
- Technology
- Business Services
Geography
- United States – Arabella Advisors is based in Washington, DC, and the acquisition took place in the U.S., reflecting its significance in the local philanthropic landscape.
Industry
- Philanthropy – The article discusses Arabella Advisors' acquisition of Ribbon's assets to enhance technology solutions for the philanthropic sector.
- Technology – Ribbon provides technology solutions, and the acquisition focuses on enhancing Arabella's technological offerings for fiscal sponsorship.
- Business Services – Arabella Advisors offers business services, particularly operational support to nonprofit organizations, as part of its expanded platform.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arabella Advisors | Purchaser | Company | A philanthropic advisory firm enhancing its technology solutions for nonprofits through the acquisition of Ribbon's assets. |
| Ribbon | Target Company | Company | A company providing technology solutions for fiscal sponsorship now acquired by Arabella Advisors. |
| Himesh Bhise | CEO of Arabella Advisors | Person | The CEO of Arabella Advisors who commented on the strategic importance of the acquisition. |
| Braden Fineberg | CEO of Ribbon | Person | The CEO of Ribbon who expressed excitement about the acquisition and its benefits. |
| Foundation X | Client | Company | An organization utilizing Ribbon's technology for philanthropic activities. |
| Leah Barr | Social Impact Director at Foundation X | Person | A director at Foundation X who praised Ribbon's technology. |