Blackbaud acquires Kintera
Howard Lake | 3 June 2008 | News
Blackbaud Inc, the software provider to nonprofits, has acquired Kintera, a provider of a Software as a Service (SaaS) solution to the nonprofit and government sectors, in a $46 million cash deal.
Kintera has around 4,000 customers and its Sphere® platform is used by organisations including the American Lung Association, Big Brothers Big Sisters of America, International Fund for Animal Welfare, and the Lance Armstrong Foundation. In 2007 the system handled over $400 million in online gifts.
During that year Kintera reported $44.9 million in total revenue. According to the Philanthropy Journal, the company “reported a loss of $15.8 million” on that revenue, and “has never posted a profit”.
Richard LaBarbera, president and CEO of Kintera, will continue to lead the company.
Marc Chardon, Blackbaud’s President and Chief Executive Officer, said: “The online solutions of the two companies have historically served different segments of the market and this acquisition gives us the ability to broaden our addressable market with proven and rich online product functionality.”
www.blackbaud.com
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About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.