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News

News

Blackbaud Completes Acquisition of Kintera

Blackbaud®, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, has announced that it has completed the acquisition of Kintera®, Inc., the leader and pioneering provider of Software as a Service (SaaS) solutions to the nonprofit and government sectors. Upon the closing of the acquisition, all remaining outstanding Kintera shares that were not tendered prior to the expiry of the tender offer were converted into the right to receive $1.12 per share in cash. As a result of the transaction, Kintera has become a wholly-owned subsidiary of Blackbaud. Read more...

Non-Profit Giving Slows in First Quarter of 2008 Donors and Revenue Decline in Q1

Organizations in the Target Analytics Index of National Fundraising Performance generally underperformed in the first quarter of 2008 (January through March). Overall donors and revenue both declined in Q1 2008, and the declines were evident across most of the sectors in the Index. Read more...

Microsoft Launches New Online Resource for Nonprofit Groups

Microsoft Corp. has announced the global availability of NGO Connection, a new online resource for thousands of nonprofit groups around the world. Driven by feedback from nonprofit partners and years of experience working with nongovernmental organizations (NGOs), the online resource is designed to assist NGOs to more efficiently use technology to achieve their goals as well as to encourage networking and coordination of NGO resources across the world. Read more...

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