Friday, May 30, 2008

Blackbaud, Inc. Announces Acquisition of Kintera

Can you say Monopoly?Today, Blackbaud -- the makers of Raiser's Edge and other leading fundraising software -- Announce their Successful Acquisition of Kintera:

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.

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