Press Release: Blackbaud Completes Acquisition of Kintera

Melanie Mathos — Wed, 09 Jul 2008 13:36:00 GMT

Blackbaud’s CRM capabilities, open APIs, and comprehensive product offerings combine with Kintera’s SaaS expertise to benefit entire nonprofit sector

Charleston, S.C. (July 9, 2008) – Blackbaud®, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that it has completed the acquisition of Kintera®, Inc., the leader and pioneering provider of Software as a Service (SaaS) solutions to the nonprofit and government sectors. Upon the closing of the acquisition, all remaining outstanding Kintera shares that were not tendered prior to the expiry of the tender offer were converted into the right to receive $1.12 per share in cash. As a result of the transaction, Kintera has become a wholly-owned subsidiary of Blackbaud.

Press Release: Blackbaud, Inc. Announces Acquisition of Kintera

Melanie Mathos — Thu, 29 May 2008 20:47:00 GMT

Charleston, S.C. – May 29, 2008 – Blackbaud, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, announced today that it is acquiring Kintera, Inc. (NASDAQ: KNTA), a pioneer and leading provider of a Software as a Service (SaaS) solution to the nonprofit and government sectors. Under the terms of the agreement, Blackbaud will pay an all-cash purchase price of approximately $46.0 million. Blackbaud expects to finance the deal with cash and borrowings from its credit facility.

Read the full press release here.

Blackbaud News : Acquisition

Press Release: Blackbaud Completes Acquisition of Kintera

Press Release: Blackbaud, Inc. Announces Acquisition of Kintera