Nonprofit Software Leader Blackbaud Acquires WhippleHill
June 17 2014 - 8:45AM
Business Wire
Acquisition Expands Cloud-Based Offerings for
K12 Private Schools
Today, Blackbaud (NASDAQ: BLKB), a leading provider of nonprofit
software and services, announced the acquisition of WhippleHill
Communications, Inc., a New Hampshire-based software company that
exclusively serves K12 private schools through its innovative,
cloud-based solutions.
“We’re pleased to bring WhippleHill’s expertise into the
company,” said Blackbaud President and CEO, Mike Gianoni. “By
combining WhippleHill’s innovative, cloud-based front-office
solutions for parents, teachers and students with Blackbaud’s
preeminent back-office solutions and award-winning support, K12
private schools will have access—like never before—to a
comprehensive suite of best-in-class offerings that are 'integrated
by design' to help them manage the entire education lifecycle.
Blackbaud remains committed to leadership in the K12 technology
sector through innovation and unprecedented quality, customer
experience and support. Today’s announcement is an example of the
investment we’re making to bring even greater value—both near and
long-term—to academic institutions around the world.”
The WhippleHill organization will merge with Blackbaud’s
existing K12 education solutions group, forming an expanded team
dedicated to K12 private schools. The new group will be led by
former WhippleHill President and Founder, Travis Warren, who will
report to Kevin Mooney, President, Blackbaud’s General Market
Business Unit.
“We’re excited to join the Blackbaud organization,” said Travis
Warren, President and Founder of WhippleHill, now Vice President
and General Manager of Blackbaud’s K12 Private Schools Group. “Both
companies share a passion for supporting and advancing the
education sector, and this new structure allows us to collaborate
in a way that will springboard innovation and offer K12 private
schools an unrivaled solution set. In an industry where customers
are frustrated by multi-vendor solutions with lackluster
integration, K12 private schools will now have what they’ve been
asking for—access to a comprehensive set of solutions that meet
their needs and work well together, under the leadership and
support of a single technology company that is highly invested in
their success.”
The combination expands Blackbaud’s addressable market and
further positions the company as one of the largest cloud-based
vendors in the world. Gianoni added: “For 30 years, the nonprofit
community has counted on Blackbaud solutions to help them change
the world. Today’s announcement is a reflection of our unwavering
commitment to product and service innovation at the leading edge of
the nonprofit sector. Coupled with unparalleled customer service
and a passion for seeing customers succeed, we’re well-positioned
to create new value for customers, increase profitability and grow
competitive share.”
About Blackbaud
Serving the nonprofit and education sectors for 30 years,
Blackbaud (NASDAQ: BLKB) combines technology and expertise to help
organizations achieve their missions. Blackbaud works with more
than 30,000 customers in over 60 countries that support higher
education, healthcare, human services, arts and culture, faith, the
environment, Private K12 education, animal welfare and other
charitable causes. The company 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 and vertical-specific
solutions. Using Blackbaud technology, these organizations raise
more than $100 billion each year. Recognized as a top company by
Forbes, InformationWeek, and Software Magazine and honored by Best
Places to Work, Blackbaud is headquartered in Charleston, South
Carolina and has operations in the United States, Australia,
Canada, the Netherlands and the United Kingdom. For more
information, visit www.blackbaud.com.
About WhippleHill
As a leading provider of cloud-based technology solutions for
K12 private schools, WhippleHill is committed to helping academic
institutions serve students, parents and teachers with excellence.
Through their content management, student information management,
enrollment management and learning management solutions,
WhippleHill provides seamless pathways for schools to manage
information and communicate. WhippleHill works with more than 450
schools across North America and is based in Bedford, NH. For more
information about WhippleHill, visit www.WhippleHill.com.
Forward-looking Statements
Except for historical information, all of the statements,
expectations, and assumptions contained in this news release are
forward-looking statements which are subject to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, statements regarding the direction
of our company and solutions. These statements involve a number of
risks and uncertainties. Although Blackbaud attempts to be accurate
in making these forward-looking statements, it is possible that
future circumstances might differ from the assumptions on which
such statements are based. In addition, other important factors
that could cause results to differ materially include the
following: risks related to the integration of the acquired
company; risks associated with management and achievement of
growth; and the other risk factors set forth from time to time in
the SEC filings for Blackbaud, copies of which are available free
of charge at the SEC’s website at www.sec.gov or upon request from
Blackbaud's investor relations department. Blackbaud assumes no
obligation and does not intend to update these forward-looking
statements, except as required by law. All Blackbaud product names
appearing herein are trademarks or registered trademarks of
Blackbaud, Inc.
Blackbaud, Inc.Investor Contact:Robert Weiner,
843-654-3138rob.weiner@blackbaud.comorMedia Contact:Nicole
McGougan, 843-654-2831nicole.mcgougan@blackbaud.com
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