M&A Deal Summary

Kintera Acquires American Fundware

On November 15, 2004, Kintera acquired internet software and services company American Fundware from Intuit for 11M USD

Acquisition Highlights
  • This is Kintera’s 1st transaction in the Internet Software and Services sector.
  • This is Kintera’s largest (disclosed) transaction.
  • This is Kintera’s 2nd transaction in the United States.
  • This is Kintera’s 1st transaction in Colorado.

M&A Deal Summary

Date 2004-11-15
Target American Fundware
Sector Internet Software and Services
Buyer(s) Kintera
Sellers(s) Intuit
Deal Type Divestiture
Deal Value 11M USD

Target

American Fundware

Denver, Colorado, United States
American Fundware, Inc., is a provider of accounting and business management solutions to the public sector, including nonprofit organizations, universities and individual government agencies.

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Buyer(S) 1

Buyer

Kintera

San Diego, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

Kintera is a provider of software as a service that helps nonprofit organizations foster a powerful sense of community to achieve their mission. Kintera's Knowledge Interaction technology strengthens an organization's community by providing volunteers, members, donors and staff web-based tools to efficiently fulfill their tasks and share real-time data and information.


DEAL STATS #
Overall 3 of 3
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2004) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-20 BNW Software

London, Ontario, Canada

BNW Software, Inc. is a developer of recreational/athletic facilities management software designed specifically for colleges, universities and community centers such as the YMCA.

Buy -

Seller(S) 1

SELLER

Intuit

Mountain View, California, United States

Category Company
Founded 1983
Sector Software
Employees17,300
Revenue 14.4B USD (2023)
DESCRIPTION
Intuit's corporate headquarters in Mountain View, California.
Intuit's corporate headquarters in Mountain View, California.

Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.


DEAL STATS #
Overall 1 of 12
Sector (Internet Software and Services) 1 of 4
Type (Divestiture) 1 of 10
State (Colorado) 1 of 1
Country (United States) 1 of 12
Year (2004) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-25 Magnet Communications

Atlanta, Georgia, United States

Magnet is a leading provider of Web-based cash management and business banking solutions for financial institutions of all sizes. The Company offers a comprehensive suite of integrated cash management applications, enabling banks to target multiple customer segments with customized cash management services from a single platform. Magnet offers its cash management solutions on both an in-house platform and through its secure hosted environment. Magnet also provides professional services and marketing support to help banks deploy cash management services quickly and grow their online banking customer base.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-22 TekPortal

United States

TekPortal data aggregation technology is expected to provide Intuit with strategic software for enhancing current and future offerings for small businesses and consumers.

Buy $7M