Auctionpay [http://www.auctionpay.com] was acquired by Global Payments Inc. (NYSE: GPN) [www.globalpayments.com], one of the world’s largest electronic payment processing services, on September 28th. The all-cash acquisition generated a positive return for Maveron and the company’s founders.  Maveron was thrilled to announce this well-deserved exit, and we look forward to seeing Auctionpay continue to grow its innovative, consumer-focused business model as a fully-owned subsidiary of Global Payments – a $4 billion company that processes billions of credit, debit, check, and ecommerce transactions annually for over one million merchant locations worldwide.  Auctionpay will maintain its corporate headquarters and all if its employees in Portland, Oregon – continuing to focus on helping nonprofits raise more money for their causes. As part of the larger company, Auctionpay will have the resources to accelerate development of new fundraising software products integrated with payment services, and will bring its products and services to a global audience via Global Payment’s worldwide reach.

Since it was founded in 2002, Auctionpay has grown by leaps and bounds – supported by two rounds of venture investment from Maveron and hands-on guidance from our team that helped the company quickly become a market leader in fundraising software. Auctionpay already provides products and services to improve the fundraising success [http://www.auctionpay.com/about-us/client-stories.aspx] to over 6,000 nonprofit organizations and schools, and they’ll surely be able to reach more worthy charities and non-profits worldwide now that they’re part of Global Payments. Bravo Auctionpay, and we wish you ongoing success!