BALA CYNWYD, Pa., Sept. 7 /PRNewswire/ -- Susquehanna Growth Equity, LLC (SGE) and technology services veteran Brad Galle today announced that they have acquired the JK Group, Inc., a leading provider of technology solutions for corporate philanthropic management programs. Mr. Galle will serve as the company's Chief Executive Officer effective immediately.
"JK represents a tremendous opportunity to take a leader in a market and make it even stronger," said Scott Feldman of SGE. "Customers who already use the company's services can expect to see noticeable enhancements to the product offerings, new products and new channel partnerships over the coming months." Mr. Feldman and Amir Goldman will represent SGE on the company's board.
"JK is the leader in providing companies with solutions that enable them to more efficiently manage their philanthropic endeavors," said Brad Galle. "Employers are increasingly seeking ways to make giving back to the community more seamless. I am excited to work with Susquehanna Growth Equity on this unique opportunity and am pleased that the company's current management team of Roy Kaplan and Rita Kusler will remain actively engaged with JK as the business transitions into its next phase of growth."
JK was founded in 1989 and has grown significantly over the past two decades to become the leader in corporate philanthropic technology management solutions. The company's mission is to provide its clients with the most comprehensive, technologically advanced and cost-effective solutions for administering corporate philanthropic programs. JK's products support the administration of a wide array of philanthropic services, including matching gifts, volunteer and event management, employee giving campaigns, grants administration, PAC programs and disaster relief. Today, the company serves hundreds of the largest corporations in the world, supporting over $1 billion of annual giving involving nearly one million employees.
"Brad Galle is a proven entrepreneur and executive in the technology services market, having founded two successful ventures over the last 15 years," said Roy Kaplan, founder of JK Group. "We've come to know Brad over the last several years, and his leadership combined with Susquehanna's experience working with financial technology and services companies gives us great confidence that the company will remain the industry leader. We are committed to helping them take JK to the next level and are more excited than ever about the company's prospects."
The company will continue to operate out of its existing headquarters in Plainsboro, NJ.
About JK Group, Inc.
For over 20 years, JK Group has been the innovator in corporate philanthropic solutions. Over 50% of the Fortune 100 as well as hundreds of other organizations rely on its technology to support their giving efforts. The company has been a leader in providing services for matching gifts, volunteer and event management, employee giving campaigns, grants administration, PAC programs and disaster relief. For more information, please visit www.easymatch.com.
About Susquehanna Growth Equity, LLC
Susquehanna Growth Equity, LLC (SGE) is a private equity group investing in growth capital and buyout opportunities in financial technology, information services, and software. SGE's team of dedicated investment professionals brings a unique set of experiences, combining venture investing with operational expertise. SGE is a member of the Susquehanna International Group of Companies (SIG), a privately held, global financial institution specializing in trading and market making. SIG includes affiliated entities specializing in institutional sales and trading, research, private equity, and venture capital. SIG employs approximately 1,500 individuals located in North America, Europe, Asia, and Australia. For additional information please visit www.sgep.com.
SOURCE Susquehanna Growth Equity, LLC