M&A Deal Summary

Blackbaud Acquires Convio

On May 7, 2012, Blackbaud acquired software company Convio from Adams Street Partners for 335M USD

Acquisition Highlights
  • This is Blackbaud’s 6th transaction in the Software sector.
  • This is Blackbaud’s 2nd largest (disclosed) transaction.
  • This is Blackbaud’s 8th transaction in the United States.
  • This is Blackbaud’s 1st transaction in Texas.

M&A Deal Summary
Date 2012-05-07
Target Convio
Sector Software
Buyer(s) Blackbaud
Sellers(s) Adams Street Partners
Deal Type Add-on Acquisition
Deal Value 335M USD

Target

Convio

Austin, Texas, United States
website
Convio, Inc. provides on-demand software and services that enable nonprofit organizations (NPO) to raise funds, influence public policy, and support their missions by leveraging the Internet to build relationships with constituents in North America. It offers Constituent360 platform, an online constituent relationship management (eCRM) solution, which includes a suite of on-demand software modules for fundraising, advocacy, email marketing, and Web content management.

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Buyer(S) 1

Buyer

Blackbaud

Charleston, South Carolina, United States

website

Category Company
Founded 1981
Sector Software
Employees3,200
Revenue 1.1B USD (2022)
DESCRIPTION
Entrance to Blackbaud's corporate headquarters in Charleston, South Carolina.
Entrance to Blackbaud's corporate headquarters in Charleston, South Carolina.

Blackbaud is a provider of nonprofit software and services. Blackbaud offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), financial management, payment solutions, analytics, education solutions, and vertical-specific solutions. Blackbaud was incorporated in 1981 and is based in Charleston, South Carolina.

DEAL STATS #
Overall 10 of 20
Sector (Software) 6 of 10
Type (Add-on Acquisition) 8 of 18
State (Texas) 1 of 3
Country (United States) 8 of 17
Year (2012) 1 of 1
Size (of disclosed) 2 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-06 Everyday Hero Pty

Brisbane, Australia

Everyday Hero is a provider of fundraising tools.

Buy AU$8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 WhippleHill Communications

Bedford, New Hampshire, United States

WhippleHill Communications, Inc. is a software company that exclusively serves K12 private schools through its innovative, cloud-based solutions.

Buy -

Seller(S) 1

SELLER

Adams Street Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1972
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Adams Street Partners is a diversified, global investment firm that targets direct, fund of funds, and secondary investments. Adams' direct investing group covers co-investments in buyout transactions, as well as growth equity and venture capital commitments. The direct buyout and growth equity team looks to commit $5 to $30 million per transaction. For venture related investments, commitments of $5 to $20 million are provided to companies in the technology, life sciences and technology enabled services sectors. Typically, target companies have received prior financing from early stage venture firms and are seeking additional capital to fund product development and commercialization. Adams Street Partners was formed in 1972 and is based in Chicago, Illinois.

DEAL STATS #
Overall 38 of 95
Sector (Software) 5 of 20
Type (Add-on Acquisition) 19 of 51
State (Texas) 4 of 9
Country (United States) 35 of 87
Year (2012) 4 of 4
Size (of disclosed) 9 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Ziggo

Groningen, Netherlands

Ziggo is a cable operator in the Netherlands, providing analogue and digital television, broadband and telephony services to consumers and businesses. Ziggo was founded in 2007 and is based in Groningen, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-28 LogRythm

Boulder, Colorado, United States

LogRythm is a provider of cyber threat defense, detection and response solutions provider. LogRythm was founded in 2003 and is based in Boulder, Colorado.

Buy -
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