Published June 18, 2014
The all-cash deal closed Monday, according to a Securities and Exchange Commission filing.
“Both companies share a passion for supporting and advancing the education sector, and this new structure allows us to collaborate in a way that will springboard innovation and offer K-12 private schools an unrivaled solution set,” said Travis Warren, former president and founder of WhippleHill.
WhippleHill, a New Hampshire-based content management company that serves K-12 private schools, will merge with Blackbaud’s existing K-12 segment to expand its software offerings for this market. Blackbaud is a software firm that serves the nonprofit sector.
Warren will lead the new group, reporting to Kevin Mooney, the president of Blackbaud’s general market business unit.
The acquisition will provide K-12 private schools with several solutions from one technology company, and it will expand Blackbaud’s market reach, the company said in a statement.
“By combining WhippleHill’s innovative, cloud-based front-office solutions for parents, teachers and students with Blackbaud’s pre-eminent back-office solutions and award-winning support, K-12 private schools will have access — like never before — to a comprehensive suite of best-in-class offerings that are ‘integrated by design’ to help them manage the entire education lifecycle,” President and CEO Mike Gianoni in a statement.
Blackbaud works with 30,000 customers in more than 60 countries serving nonprofits in the higher education, health care, human services, art, faith and environmental sectors.