Acquisition expands combined company’s solution portfolio to comprehensively serve the philanthropic market -- MicroEdge, LLC, an innovative provider of high-performance solutions that enable the worldwide giving community to organize, simplify and measure their acts of charitable giving, today announced the completion of its sale to Blackbaud, Inc. (Nasdaq: BLKB), a leading global provider of software and services for nonprofits. Blackbaud purchased all of the outstanding equity interests of MicroEdge for an aggregate purchase price of

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Acquisition expands company’s solution portfolio to comprehensively serve foundation and corporate giving markets -- Blackbaud, Inc. (Nasdaq: BLKB), a leading global provider of software and services for nonprofits, today announced it has signed an agreement to acquire MicroEdge, LLC, an innovative provider of mission-critical software solutions for the philanthropic giving community worldwide. This acquisition dramatically expands Blackbaud’s offerings in the philanthropic giving sector with MicroEdge’s comprehensive technology solutions for grantmaking, corporate social responsibility and foundation

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Investment to fuel continued growth of established market leader -- MicroEdge, LLC, the leading provider of solutions to the giving community worldwide, today announced the company has received a minority investment from Bregal Sagemount. Existing investors Vista Equity Partners and the MicroEdge management team, led by Chief Executive Officer Preston McKenzie, will retain majority ownership. Daniel Kim, a Partner and Co-founder of Bregal Sagemount, and Adam Fuller, a Vice President and Co-founder of Bregal Sagemount,

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