Published Sept. 2, 2014
Blackbaud expects to finance the acquisition with cash on hand and borrowings under its existing credit facility.
MicroEdge offers solutions for nonprofits, including grantmaking, corporate giving, foundation management and donation tracking. The company also recently launched an employee engagement platform to support employee giving and volunteer work.
Blackbaud President and CEO Mike Gianoni said the acquisition “will position Blackbaud to expand its total addressable market, while offering an unprecedented set of technology solutions to address the needs of funders, nonprofits and corporations.”
“There are no two companies better positioned to connect these two segments of the market together, to drive significantly greater efficiency and collaboration, and to accelerate our goal of helping our mutual clients effectively measure the outcomes of their work,” MicroEdge CEO Kristin Nimsger said in a statement.