M&A Deal Summary

Blackbaud Acquires Kilter

On August 22, 2022, Blackbaud acquired software company Kilter

Acquisition Highlights
  • This is Blackbaud’s 10th transaction in the Software sector.
  • This is Blackbaud’s 17th transaction in the United States.
  • This is Blackbaud’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-08-22
Target Kilter
Sector Software
Buyer(s) Blackbaud
Deal Type Add-on Acquisition

Target

Kilter

Madison, Wisconsin, United States
Kilter is a gamified, activity-based engagement app boasting virtually limitless activity type choices. Kilter expands activity-based engagement beyond the familiar options of running, walking, and cycling, enabling users to track new, popular, and personally relevant activities, from pickleball to meditation to motorcycling and more. Kilter was founded in 2016 and is based in Madison, Wisconsin.

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Buyer(S) 1

Buyer

Blackbaud

Charleston, South Carolina, United States
Category Company
Founded 1981
Sector Software
Employees3,000
Revenue 1.1B USD (2023)
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 20 of 20
Sector (Software) 10 of 10
Type (Add-on Acquisition) 18 of 18
State (Wisconsin) 1 of 1
Country (United States) 17 of 17
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-03 EverFi

Washington, District of Columbia, United States

EverFi is an education technology company that provides learners of all ages education for the real world, through innovative and scalable digital learning. EverFi is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 16 million learners in critical skill areas. EverFi was founded in 2008 and is based in Washington, District of Columbia.

Buy $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-12 FIMS & DonorCentral® NXT Products

Charleston, South Carolina, United States

Blackbaud's FIMS & DonorCentral® NXT Products provides cloud software.

Sell -
Mergr

Product

Company

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