Thursday, July 10, 2008

Blackbaud Completes Acquisition of Kintera -

Blackbaud Completes Acquisition of Kintera - "CHARLESTON, S.C., Jul 09, 2008 (BUSINESS WIRE) ----Blackbaud(R: 68.99, +1.48, +2.19%), Inc. (NASDAQ: BLKB: 21.06, +0.12, +0.57%), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that it has completed the acquisition of Kintera(R: 68.99, +1.48, +2.19%), Inc., the leader and pioneering provider of Software as a Service (SaaS) solutions to the nonprofit and government sectors. Upon the closing of the acquisition, all remaining outstanding Kintera shares that were not tendered prior to the expiry of the tender offer were converted into the right to receive $1.12 per share in cash. As a result of the transaction, Kintera has become a wholly-owned subsidiary of Blackbaud."

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