Gloo agrees to acquire nonprofit outsourcing firm Cedarstone

Gloo reached a definitive agreement to acquire nonprofit finance and development outsourcing firm Cedarstone.

• The deal expands Gloo’s platform into outsourced accounting, donor operations, and fractional CFO services tied to its Applied AI strategy.
• Cedarstone will operate under its brand and leadership as a wholly owned Gloo Capital Partner.
• The transaction is expected to close in Gloo’s third quarter.
• The combination adds more than 250 network capability providers to the Gloo ecosystem.