CHARLESTON, S.C., Oct. 3, 2017 /PRNewswire/ -- Blackbaud, Inc.
(NASDAQ: BLKB), the world's leading cloud software company powering
social good, today announced it has completed its acquisition of
U.K.-based JustGiving™, whose online social giving platform has
played a powerful role in the growth of peer-to-peer
fundraising.
Blackbaud purchased, through its U.K. subsidiary, all
outstanding equity interests of Giving Limited, doing business as
JustGiving, for an aggregate purchase price of £95 million, or
approximately $127.4 million,
financed with cash on hand and borrowings under its existing credit
facility. The two companies announced that they had entered into a
definitive acquisition agreement on June
23. The acquisition closed Monday,
October 2.
"We are proud to welcome JustGiving to the Blackbaud family,"
said Blackbaud President and CEO Mike
Gianoni. "Blackbaud is committed to accelerating the impact
of individuals and organizations pursuing global good with modern,
mobile-first and integrated cloud software. As we marry
JustGiving's leading innovation in social giving with our unmatched
cloud solutions for social good, we can power game-changing
breakthroughs that strengthen the entire social economy."
The acquisition comes as fundraising driven by individual
supporters rallying others to give (referred to as "peer-to-peer
fundraising") is playing a more significant role than ever in
charitable giving. At the same time, social and mobile giving
continue to grow. Blackbaud noted that this acquisition was in line
with its broader commitment to helping customers respond to and
leverage technological and social change.
"Individual supporters—and the new ways they are connecting with
causes, organizations and one another—continue to transform the
landscape and potential of the social good community," said
Jerry Needel, president and general
manager of Blackbaud Consumer Solutions. "It's key for us to equip
these individual change agents to drive impact for the causes they
care about and to ensure organizations have the right tools to
navigate and respond to changes in the landscape."
JustGiving is a leader in peer-to-peer giving, with people in
164 countries raising over $4.5
billion for good causes through its online platform since
2001. The company is a female-founded enterprise; started by
Anne-Marie Huby and Zarine Kharas.
This acquisition doubles Blackbaud's ongoing investment in
peer-to-peer capabilities and expands what the company offers today
through TeamRaiser® and everydayhero™, which
are used by leading nonprofit organizations to connect their causes
to the individuals who support them. The acquisition will also add
a new personal crowdfunding capability (individuals raising funds
for other individuals) as well as position Blackbaud to better
serve the U.K. market, where it has operated for more than two
decades, and where JustGiving is a fundraising leader.
"We're passionate about growing the world's giving and advancing
good causes – and I can't think of a better way to do it than as
part of the world's leading cloud software provider powering social
good," said Anne-Marie Huby,
co-founder and managing director of JustGiving.
JustGiving is headquartered in London,
U.K. Blackbaud is headquartered in Charleston, South Carolina, with operations
around the globe, including in London. JustGiving's staff will join
Blackbaud's London-based
International Markets Group led by Jerome
Moisan, senior vice president and president of Blackbaud's
International Markets Group. JustGiving will be led by Jerry Needel, president and general manager of
Blackbaud Consumer Solutions.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software
company powering social good. Serving the entire social good
community—nonprofits, foundations, corporations, education
institutions, healthcare institutions and individual change
agents—Blackbaud connects and empowers organizations to increase
their impact through software, services, expertise, and data
intelligence. The Blackbaud portfolio is tailored to the unique
needs of vertical markets, with solutions for fundraising and CRM,
marketing, advocacy, peer-to-peer fundraising, corporate social
responsibility, school management, ticketing, grantmaking,
financial management, payment processing, and analytics. Serving
the industry for more than three decades, Blackbaud is
headquartered in Charleston, South
Carolina and has operations in the
United States, Australia,
Canada and the United Kingdom. For more information, visit
www.blackbaud.com.
About JustGiving
JustGiving is the world's leading social platform for giving,
enabling over 22 million people to raise over $4.5 billion for over 26,000 charities since
launching in 2001. As a tech-for-good company, JustGiving develops
world-class technology and innovative tools to fulfill its mission
to connect people with the causes they care about. By making giving
more simple, social and rewarding, JustGiving helps all causes,
charities and people in need to reach more people and raise more
money. For more information, visit www.justgiving.com.
Media Contact
Sylvia Baker
Porter Novelli for
Blackbaud
404-995-4528
Sylvia.Baker@porternovelli.com
Forward-looking Statements
Except for historical information, all of the statements,
expectations, and assumptions contained in this news release are
forward-looking statements that involve a number of risks and
uncertainties, including statements regarding expected benefits of
products and product features. 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: management of integration of acquired companies and
other risks associated with acquisitions; uncertainty regarding
increased business and renewals from existing customers; risks
inherent in the expansion of our international operations; defects
or delays in our cloud-based solutions and hosting services; the
ability to attract and retain key personnel; risks related to data
security and data privacy; technological changes that make our
products and services less competitive; and the other risk factors
set forth from time to time in the Securities and Exchange
Commission filings for Blackbaud, copies of which are available
free of charge at the Securities and Exchange Commission's website
at www.sec.gov or upon request from Blackbaud's investor relations
department. All Blackbaud product names appearing herein are
trademarks or registered trademarks of Blackbaud, Inc.
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SOURCE Blackbaud, Inc.