Blackbaud Mergers and Acquisitions Summary

SoftwareCompany

Blackbaud has acquired 21 companies, including 4 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

Blackbaud’s largest acquisition to date was in 2022, when it acquired EverFi for $750M. Blackbaud has acquired in 12 different US states, and 3 countries. The Company’s most targeted sectors include software (50%) and internet software and services (35%).

Join Mergr and gain access to Blackbaud’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the software sector.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity20
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 8
  • M&A Advisors 4

Blackbaud

Blackbaud, Inc.

65 Fairchild Street,
Charleston, South Carolina 29492
United States,
(843) 216-6200
www.blackbaud.com

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.


M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.6/yr) # 17 1 - - 2 - 20
vol $925M $157M $750M $1.8B
Sell (0.2/yr) # - - - - 1 - 1
  21

Most Recent M&A

Company Date Value Type
Blackbaud - FIMS & DonorCentral® NXT Products 2022-09-12 - Divestiture
Charleston, South Carolina
Kilter, Inc. 2022-08-22 - Add-on Acquisition
Madison, Wisconsin · www.kilterrewards.com
EverFi, Inc. 2022-01-03 750M USD Add-on Acquisition
Washington, District of Columbia · www.everfi.com
YourCause LLC 2019-01-02 157M USD Add-on Acquisition
Plano, Texas · solutions.yourcause.com
Reeher LLC 2018-05-01 - Add-on Acquisition
St. Paul, Minnesota · www.reeher.com
JustGiving Australia Pty Ltd. 2017-06-26 146M GBP Add-on Acquisition
Sydney, Australia · www.justgiving.com
AcademicWorks, Inc. 2017-04-03 - Add-on Acquisition
Austin, Texas · www.academicworks.com
Attentive.ly 2016-07-12 - Add-on Acquisition
Wilmington, Delaware · www.attentive.ly
Smart LLC (dba Smart Tuition) 2015-10-05 190M USD Add-on Acquisition
New York, New York · www.smarttuition.com
MicroEdge LLC 2014-10-02 160M USD Add-on Acquisition
New York, New York · www.microedge.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 10 (50%) 555M (30%) 1 (100%) -
Internet Software and Services 7 (35%) 1.1B (60%) - -
Information Services 2 (10%) 18M (1%) - -
Information Technology 1 (5%) 160M (9%) - -
Total 20 $1.8B 1 -

By Geo

State/Country Buy Value Sell Value
United States 17 1.7B 1 -
  Texas 3 492M - -
  California 2 46M - -
  Virginia 2 18M - -
  New York 2 350M - -
  Delaware 1 - - -
  Wisconsin 1 - - -
  Pennsylvania 1 - - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Indiana 1 25M - -
  District of Columbia 1 750M - -
  South Carolina - - 1 -
Australia 2 152M - -
Netherlands 1 - - -
Domestic 17 (85%) 1.7B (92%) 1 (100%) -
Cross-border 3 (15%) 152M (8%) - -
Total 20 $1.8B 1 -

Top M&A Advisors

Financial Deals
Evercore Group LLC
4
Sagent Advisors LLC
1
Legal Deals
Davis Polk & Wardwell LLP
1
Sidley Austin LLP
1

Deal Values

buy # Total
$100M to $1B 6 $1.7B
< $100M 4 $94M
TOTAL $1.8B
Largest EverFi, Inc.
$750M (2022-01-03)

M&A Connections

Deals
Acquired from
Investor(s)
20%
4 (20%)
Strategic(s)
10%
2 (10%)
Divested to
Strategic(s)
100%
1 (100%)

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