Serenic Acquired by Sylogist

Posted by Admin on July 15, 2014 under Non-Profit Software | Be the First to Comment

Sylogist recently announced the acquisition of Serenic Software for $8M. Serenic is an Independent Software Vendor (ISV) solution that provides HR and financial software for the non-profit industry. The solution is built on top of the Microsoft Dynamics NAV solution and has a good install base in the non-profit arena offering a strong grant management solution including budgeting.
Sylogist is a technology company that has a history of acquiring software vendor solutions and providing a suite of software for various industries – including municipalities and manufacturing companies. While Sylogist is not as big as other vendors with a similar strategy (ie. Sage and Infor) the Serenic acquisition is a much more visible vendor acquisition and puts them more on the radar.
With regard to the future of Serenic – we do not see this acquisition as a strategy to sunset the product. Instead, we see this as adding to the suite of vendor solutions offered by Sylogist that fills the non-profit solution hole in their product suite. This acquisition will most likely provide a cash infusion that will allow Serenic to increase product development and sales and marketing resources.
Serenic is a viable option for mid-market to larger non-profit organizations, and can be purchased and implemented either directly from Serenic or through a network of Value Added Resellers.

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