Blackbaud Software Company Buys a Struggling Competitor - Philanthropy.com: "Blackbaud Software Company Buys a Struggling Competitor
By Holly Hall
Blackbaud, the nation’s largest provider of fund-raising software to charities, today announced that it will acquire Kintera, a San Diego software company makes similar software. Blackbaud, which plans an all-cash purchase, will pay $46-million in the buyout, or $1.12 per share for Kintera’s stock."
Friday, May 30, 2008
The NonProfit Times - The Leading Business Publication For Nonprofit Management
The NonProfit Times - The Leading Business Publication For Nonprofit Management: "Blackbaud Spends $46 Million On Kintera
By Paul Clolery and Mark Hrywna
The buying spree of software vendor Blackbaud continues with the $46-million cash acquisition of troubled Software-as-a-Service (SaaS) provider Kintera. During the past 18 months, Charleston, S.C.-based Blackbaud has spent more than $130 million to tighten its grip on the nonprofit software space.
The acquisition of San Diego-based Kintera bolsters a major segment of Blackbaud’s product line, the online content management and deployment Sphere® technology platform, which has a significant market share. Blackbaud has NetCommunity™, but it hasn’t gained the wide acceptance by users that Kintera and Austin, Texas-based Convio have garnered."
By Paul Clolery and Mark Hrywna
The buying spree of software vendor Blackbaud continues with the $46-million cash acquisition of troubled Software-as-a-Service (SaaS) provider Kintera. During the past 18 months, Charleston, S.C.-based Blackbaud has spent more than $130 million to tighten its grip on the nonprofit software space.
The acquisition of San Diego-based Kintera bolsters a major segment of Blackbaud’s product line, the online content management and deployment Sphere® technology platform, which has a significant market share. Blackbaud has NetCommunity™, but it hasn’t gained the wide acceptance by users that Kintera and Austin, Texas-based Convio have garnered."
Blackbaud, Inc. Announces Acquisition of Kintera
PRESS RELEASE
Press Releases: "Blackbaud, Inc. Announces Acquisition of Kintera
Charleston, S.C. – May 29, 2008 – Blackbaud, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that it is acquiring Kintera, Inc. (NASDAQ: KNTA), a pioneer and leading provider of a Software as a Service (SaaS) solution to the nonprofit and government sectors. Under the terms of the agreement, Blackbaud will pay an all-cash purchase price of approximately $46.0 million. Blackbaud expects to finance the deal with cash and borrowings from its credit facility."
Press Releases: "Blackbaud, Inc. Announces Acquisition of Kintera
Charleston, S.C. – May 29, 2008 – Blackbaud, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that it is acquiring Kintera, Inc. (NASDAQ: KNTA), a pioneer and leading provider of a Software as a Service (SaaS) solution to the nonprofit and government sectors. Under the terms of the agreement, Blackbaud will pay an all-cash purchase price of approximately $46.0 million. Blackbaud expects to finance the deal with cash and borrowings from its credit facility."
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