Membership Software Provider YourMembership.com Acquired

ST. PETERSBURG - Member management software provider YourMembership.com, announced that it has been acquired by the Riverside Company, a global private equity investment firm with more than $3 billion of capital under management. The investment from Riverside will help further accelerate YourMembership.com’s corporate growth and product development. Financial terms of the acquisition were not disclosed.

“We believe YourMembership.com has a lot of room to continue growing due to its large addressable market that is not yet well served,” said Loren Schlachet, Riverside Managing Partner. “Only a fraction of the tens of thousands of associations in the United States use membership management software, and the benefits of YourMembership.com’s SaaS-model solution are compelling.”

YourMembership.com joins a growing slate of software providers in Riverside’s portfolio. Riverside has a software specialization that augments its strong generalist investor track record. The firm has made 18 software investments in its history and has dedicated senior advisors, transactors and operating partners with software industry expertise.

“We are excited to partner with a growth-oriented investor such as Riverside to continue expanding the features and functionality we offer customers,” said William H. Stover Jr., CEO of YourMembership.com. “Riverside’s global experience investing in high-growth software companies will be a strategic asset to our firm as we look to continue our rapid growth domestically and internationally.”