Pushpay, a Redmond, Wash.-based tech platform that helps faith-based and nonprofit organizations, announced Monday that it has agreed to acquire Resi Media, a streaming video company.
The $150 million deal will help Pushpay give customers more digital tools to reach stakeholders, and comes as churches adopt streaming tech amid the pandemic.
“Coming together with Resi Media not only provides our customers access to world-class streaming technology today, but in time will enable Pushpay to deliver a unified solution for digital giving, ministry management, media and more,” Molly Matthews, CEO of Pushpay, said in a statement.
Matthews will continue leading the combined company. Resi will continue operating as a subsidiary of Pushpay, with existing CEO Paul Martel. Resi has 124 employees and offices in the Denver area and Plano, Tex.
Pushpay has offices in Redmond and New Zealand. The company employs more than 400 people — about 300 in the U.S. — and is publicly traded on the NZX and the ASX. It reported $181.1 million in revenue for the year ended March 31, up from $129.8 million in the year prior.
Editor’s note: This story was updated with the deal value.
