IVE Group sells telefundraising business for $16.5m

October 16, 2020 3:42

IVE Group has divested its IVE Telefundraising, formerly Pareto Phone, business for the consideration of $16.5m.

IVE Telefundraising will be acquired by an entity associated with Merchant Place Investments and is currently subject to customary conditions. Completion is due for October 30.

The IVE Telefundraising business will return to the name Pareto Phone following the sale. Picture: Patrick Hamilton

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Hannah Blackiston

Hannah Blackiston was the deputy editor of Mumbrella. She worked with the company from March 2019 to November 2020.

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IVE Group sells telefundraising business for $16.5m

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