Kintera Inc. has acquired the Carol/Trevelyan Strategy Group (CTSG).
Both firms specialize in technology solutions for nonprofit organizations. Kintera paid about $5 million in restricted Kintera stock and $250,000 for CTSG. Additional stock could be issued based on performance. Unaudited CTSG revenue for the year ended December 31, 2003 was approximately $5.2 million. Kintera expects to retain the 70 current employees of CTSG, which will continue to operate under that name.
CTSG’s clients include Amnesty International USA, the Natural Resources Defense Council, RockTheVote, Drug Policy Alliance, House Democratic Leader Nancy Pelosi and TrueMajority.Org.
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