Stellar Financial, a firm in Stroudsburg, Pa., that provides philanthropic management software, has acquired Neulogic, a firm in Columbus, Ohio, that provides web communications solutions for nonprofits and other business organizations.
The combined company will employ roughly 50 people, including 10 Neulogic employees who will remain in Columbus, says Michael Doran, senior development manager for Stellar Financial.
Two years ago, Neulogic announced it had agreed to be sold to Brightstar Information Technology Group in Pleasanton, Calif., and had agreed to merge its products with all the software and services provided by Stellar Financial.
That formal strategic partnership between Neulogic and Stellar was designed to combine solutions for the content-management and back-office applications of nonprofits, Stellar says in a statement.
Stellar, which is privately held, and Brightstar, a publicly-held firm, both are owned by Stellar-McKim, a privately-held New York City-based group of software financial services and investment banking companies.
Stellar says it administers over $10.5 billion in assets for community foundations, religious philanthropies and commercially-sponsored donor-advised-fund, planned-giving and endowment programs in the U.S.