Blackbaud - M&A Summary and Business Overview

SoftwareCompany

Blackbaud M&A Summary

Blackbaud has acquired 21 companies, including 3 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%).

Blackbaud Business Overview

Where is Blackbaud headquartered?

Blackbaud is headquartered in Charleston, South Carolina.

What is Blackbaud’s revenue?

Blackbaud disclosed revenue of 1,105M USD for 2023 and 1,058M USD for 2022.

How many employees does Blackbaud have?

Blackbaud has 3,000 employees.

What sector is Blackbaud in?

Blackbaud is a software company.

When was Blackbaud founded?

Blackbaud was founded in 1981.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 18 - - 2 - - 20
vol $1.1B $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 - -
  Virginia 2 18M - -
  New York 2 350M - -
  California 2 46M - -
  Wisconsin 1 - - -
  Pennsylvania 1 - - -
  New Hampshire 1 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Indiana 1 25M - -
  District of Columbia 1 750M - -
  Delaware 1 - - -
  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
4
Sagent Advisors LLC
1
Legal Deals
Davis Polk & Wardwell
1
Sidley
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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