eTapestry is a Web-based fundraising software company that stores customer information on secure off-site servers. Customers can access their databases in eTapestry from anywhere, as long as they have a Web browser and an Internet connection. Integrated eTapestry partners allow customers to access other functions, such as online giving, so those transactions can occur from within eTapestry's software and are automatically recorded in their databases, eliminating costly and tedious data entry.

History

eTapestry is based in Indianapolis, the philanthropic center of the Midwest. It was founded by four former employees of Master Software Corp., which was purchased and closed by Blackbaud in 1997. eTapestry was incorporated in July 1999 and founded in September of that same year.

Financials

eTapestry was started with $6.5 million in venture capital funding from Boston-based HarbourVest Partners LLC and Indianapolis-based Gazelle TechVentures.

Customers

eTapestry reported 1,500 customers in January of 2002. eTapestry's dominance in Web-based fundraising software has been reported in an independent survey published in the Chronicle of Philanthropy's June 14, 2001 edition. At that time, the survey said eTapestry had 1,000 customers while its nearest competitor had 240 customers.

Market

Nonprofits make up the third largest business sector in the United States with $650 billion in annual revenue, according to the Independent Sector. The market encompasses about 1.2 million organizations and makes up 7 percent of the U.S. work force. eTapestry has agreements with resellers and partners to sell its product in Canada, Great Britain, New Zealand and Australia. The hosted software industry has experienced tremendous growth with the application service market expected to increase from a $3 billion market in 2001 to a $16.1 billion market in 2005, according to the Aberdeen Group.

Leadership

Jay Love

• chief executive officer
• founder

Steve Rusche

• chief operations officer
• founder

John Moore

• vice president of development
• founder

Scott Ganyo

• chief technology officer
• founder

Gene Tempel

• eTapestry board member
• executive director of the Indiana University Center on Philanthropy

William McGinly

• eTapestry board member
• president and CEO of the Association for Healthcare Philanthropy