# Blackbaud acquires Kintera

- Link: https://fundraising.co.uk/2008/06/03/blackbaud-acquires-kintera/
- Published: 2008-06-03T10:21:18+01:00
- Author: Howard Lake

**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](http://www.kintera.com) 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](http://www.philanthropyjournal.org/news/blackbaud-rescues-rival-kintera),
the company “reported a loss of $15.8 million” on that revenue, and “has never posted
a profit”.

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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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