M&A Deal Summary

Blackbaud Acquires MicroEdge

On October 2, 2014, Blackbaud acquired information technology company MicroEdge from Vista Equity Partners and Bregal Sagemount for 160M USD

Acquisition Highlights
  • This is Blackbaud’s 1st transaction in the Information Technology sector.
  • This is Blackbaud’s 4th largest (disclosed) transaction.
  • This is Blackbaud’s 10th transaction in the United States.
  • This is Blackbaud’s 1st transaction in New York.

M&A Deal Summary

Date 2014-10-02
Target MicroEdge
Sector Information Technology
Buyer(s) Blackbaud
Sellers(s) Vista Equity Partners
Bregal Sagemount
Deal Type Add-on Acquisition
Deal Value 160M USD
Advisor(s) Harris Williams (Financial)
Kirkland & Ellis (Legal)

Target

MicroEdge

New York, New York, United States
MicroEdge LLC, is a provider of IT solutions to the grantmaking community, including private foundations, corporate philanthropy and employee giving programs, community foundations and various other giving organizations. The Company’s suite of products streamlines the full grantmaking lifecycle, from upfront submission through back-end evaluation and measurement, freeing up foundation staff to focus on issues more central to their organization’s mission.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Blackbaud

Charleston, South Carolina, United States

Category Company
Founded 1981
Sector Software
Employees2,600
Revenue 1.2B USD (2024)
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 12 of 20
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 18
State: New York M&A 1 of 2
Country: United States M&A 10 of 17
Year: 2014 M&A 2 of 2
Size (of disclosed) 4 of 10
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Smart

New York, New York, United States

Smart LLC (dba Smart Tuition) is a provider of payment software and services for private schools and parents.

Buy $190M

Seller(S) 2

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 22 of 72
Sector: Information Technology M&A 2 of 10
Type: Add-on Acquisition M&A Deals 11 of 36
State: New York M&A 1 of 7
Country: United States M&A 19 of 68
Year: 2014 M&A 3 of 3
Size (of disclosed) 18 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 Tibco

Palo Alto, California, United States

Tibco is a provider of middleware and infrastructure software. Tibco's standards-based software platform enables customers to create flexible, event-driven applications from infrastructure and deliver real-time, actionable insights. Tibco was formed in 1985 and is based in Palo Alto, California.

Buy $4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-13 TransFirst

Hauppauge, New York, United States

TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies.

Buy -
SELLER

Bregal Sagemount

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2012
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bregal Sagemount is a growth-focused private capital firm. The Firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount invests $8 to $150 million per transaction in a variety of sectors including software, digital infrastructure, healthcare IT, healthcare services, business and consumer services, financial technology, and specialty finance. Bregal Sagemount was formed in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 12 of 39
Sector: Information Technology M&A 5 of 13
Type: Add-on Acquisition M&A Deals 5 of 16
State: New York M&A 1 of 2
Country: United States M&A 11 of 36
Year: 2014 M&A 3 of 3
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-12 ECI Software Solutions

Fort Worth, Texas, United States

ECI Software Solutions is a provider of industry-specific business software solutions and services, focusing on cloud-based technologies. ECI has served small to medium-sized manufacturing, wholesale/retail distribution, building and construction, and field service organizations. ECI Software Solutions was founded in 1998 and is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Navisite

Warrendale, Pennsylvania, United States

Navisite is a modern managed cloud service provider that accelerates IT transformation for thousands of growing and established global brands. Navisite was founded in 1994 and is based in Warrendale, Pennsylvania.

Buy -