Press release

Sphere Announces Strategic Partnership with Qgiv, Inc.

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Sponsored by Businesswire

Sphere,
the leading provider of end-to-end integrated payments and security
software, today announced it has made a strategic investment in Qgiv,
Inc.
(Qgiv), a provider of cloud-based fundraising software that
facilitates payments as part of its solution for nonprofit and
charitable organization fundraising. This partnership advances Sphere’s
strategy to integrate deeply within high-growth core vertical markets by
surrounding its current payments offerings in the nonprofit vertical
with leading software.

Qgiv provides a variety of digital fundraising tools for nonprofit and
faith-based organizations, including online donation forms, event
registrations, peer-to-peer fundraising, text-based fundraising and
messaging tools, giving kiosks, a donor-facing giving app, and more—all
of which are easily managed from one control panel.

“Qgiv strategically complements Sphere’s growth initiatives to enhance
technology that facilitates payments in more innovative and secure
ways,” said Steve Rizzuto, chief executive officer of Sphere. “Their
path to continued growth aligns with Sphere’s strengths in integrated,
secure payment solutions.”

“The addition of Qgiv to the Sphere family of companies significantly
advances our strategy of integrating key software applications to our
core payments offering, in this case in the nonprofit and charitable
giving sector,” said Andrew Rueff, executive chairman of Sphere. “Todd
Baylis, chief executive officer and co-founder, and his team have
established Qgiv as a leading software company in a highly attractive
vertical market, and they have a reputation for delivering innovative
software solutions. This aligns very well with Sphere’s core values and
strategy.”

“We’re excited to partner with Sphere and truly believe that their
platform, roadmap and extensive knowledge of integrated payments will
ultimately provide great benefits to the customers we work with and the
nonprofit market as a whole,” said Baylis of Qgiv. “We look forward to
partnering with Andrew, Steve and the Sphere team to continue to improve
and iterate Qgiv’s online fundraising platform based on customer
feedback and solving the needs of our current and future customers.”

For more information on Sphere, please visit http://www.spherecommerce.com.

About Sphere

Sphere, powered by TrustCommerce technology, is a leading provider of
end-to-end integrated payments, security software, payments gateway and
merchant acquiring products and services. Sphere serves large, complex
enterprises and small local businesses across a range of vertically
oriented end-markets, including healthcare, education, parking,
insurance and nonprofit. Sphere’s integrated payments technology and
security software enable its clients to process payments in a way that
is: highly secure and compliant, integrated with their core business
software, omnichannel, and processor-neutral. Sphere’s partner-centric
focused payments solutions serve small, midsize and enterprise level
businesses and software companies in the U.S., Canada, and Australia.

About Qgiv, Inc.

Qgiv, Inc. is a leading online fundraising platform founded in 2007.
From their base in Lakeland, FL, they currently serve more than 3,000
nonprofit organizations in the United States and Canada. Qgiv’s aim is
to help nonprofits raise more by anticipating and addressing their needs
and challenges through customer-informed development and close attention
to industry best practices. They offer no-contract pricing, unlimited
access to tools and support, and integrations with industry-leading
donor management and CRM software to make it easy for nonprofits to
experiment with new technology and grow their digital fundraising
programs. To learn more, please visit https://www.qgiv.com.