Patron Technology, a technology solutions provider for arts and culture, has announced a majority investment by Providence Strategic Growth (PSG).
New York City-based Patron provides customers with its cloud-based CRM solution, PatronManager, which integrates box office ticketing, marketing and fundraising.
KPMG served as financial advisor to Patron for the deal. The terms of the transaction were not disclosed.
“PSG is the ideal partner for Patron as we look to further our mission and accelerate our growth,” said Eugene Carr, founder and chief executive of Patron Technology.
“PSG supports our strategic vision with an outstanding track record of growing software and technology-enabled service companies similar to Patron. We look forward to leveraging their considerable resources and expertise as we pursue both organic and inorganic growth opportunities.”
Patron’s clients include organisations such as The Juilliard School, The Second City, Goodspeed Musicals, The Des Moines Playhouse, Washington Ballet (pictured) and The Moth.
Gopi Vaddi, managing director of PSG, said: “We believe there is significant opportunity in the rapid evolution of ticketing, donor management, and adjacent services on digital platforms of arts and culture organisations, and have been impressed by Patron’s growing offering, talented team, and deep customer relationships.
“Gene and his team have built a robust technology platform that delivers a holistic view of a patron and have pioneered the idea of cloud-based CRM in the arts. We are excited to partner with Patron and help them build on their success.”