BIG by Matt Stoller

Share this post

A Church Software Roll-Up

www.thebignewsletter.com
Weird Monopolies

A Church Software Roll-Up

Ministry Brands will sell your church everything it needs to be on the cloud.

Matt Stoller
Oct 20, 2022
8
1
Share
Share this post

A Church Software Roll-Up

www.thebignewsletter.com

Welcome to BIG, a newsletter on the politics of monopoly power. If you’d like to sign up to receive issues over email, you can do so here

I got this email from a contact in December of 2020.

One interesting roll-up you or your readers might find interesting is Community Brands. Community Brands is the parent of a consolidation of software companies focused on serving non-profits and churches. Their religious unit is Ministry Brands (https://www.ministrybrands.com/our-brands/) and as you can see, they essentially keep the public facing products in place, but it's all owned by the same org. Providence Equity started the roll-up and the company is now owned by Insight Venture Partners and Genstar Capital. No doubt every small software company in this space has been approached. Just a more unusual market for PE firms to notice and consolidate.

Ministry Brands is owned by Reverence Capital Partners as of 2021. Here’s a screenshot from their website.

8
1
Share
Share this post

A Church Software Roll-Up

www.thebignewsletter.com
1 Comment
Michael D (Piketty)
Oct 26, 2022

I am betting that Ministry Brands is betting they will have sold off long before the DOJ even gives them a sniff.

Expand full comment
Reply
Top
New
Community

No posts

Ready for more?

© 2023 Matt Stoller
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing