Blackbaud Inc., a provider of software and services for nonprofit organizations, has purchased Kintera Inc., which develops software for nonprofits and government agencies.
Terms were not disclosed.
With this transaction, Kintera becomes a wholly-owned subsidiary of Blackbaud led by Richard LaBarbera, its current president and chief executive officer.
"The addition of Kintera’s expertise in software and donor acquisition to Blackbaud’s leadership in donor cultivation and engagement is very exciting for us and for the nonprofit sector as a whole,” said Marc Chardon, Blackbaud CEO, in a statement.
He added: “Nonprofits are being faced with increasingly complex mission requirements and with donors who want instant, direct involvement. Internet-focused technology can provide those new levels of flexibility and immediacy that are critical for sustainable growth.”
