Blackbaud Announces Acquisition of Campagne Associates

Blackbaud Announces Acquisition of Campagne Associates: "Blackbaud Announces Acquisition of Campagne Associates
CHARLESTON, S.C.--(BUSINESS WIRE)--Jan. 23, 2006--Blackbaud, Inc. (Nasdaq:BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, today announced that it has acquired the assets of Campagne Associates, Ltd., a privately held provider of fundraising software and services for nonprofit organizations. The purchase price for the acquisition was $6 million, all cash, with potential for additional amounts payable based upon certain performance-based metrics over the next two years.

Marc Chardon, President and CEO of Blackbaud Inc., stated, 'We are excited about the acquisition of Campagne Associates, which brings more than 2,000 customers and 18 years of additional domain expertise to Blackbaud. Both companies share a similar goal - an intense focus on customer satisfaction and success. This acquisition allows us to use each firm's extensive market knowledge in a combined effort to ensure we deliver solutions that give our customers the ability to better support their missions.'

With more than two decades of service to nonprofits and approximately 13,000 customers, Blackbaud provides technology solutions that help nonprofits raise money and operate more effectively. Organizations of all sizes rely on Blackbaud's integrated solutions to handle their critical fundraising efforts."