Blog Exposure - Blackbaud Acquired Reeher
Stock Monitor: Aspen Technology Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 03, 2018 / Active-Investors.com has just released a free research report on Blackbaud, Inc. (NASDAQ: BLKB). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=BLKB as the Company's latest news hit the wire. On May 01, 2018, the Company announced that it has inked an agreement to acquire Reeher, the industry leader in fundraising performance management for higher education. Financial details of the transaction remain undisclosed. Blackbaud will hire Reeher's Minnesota employees. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Deal Benefits
The acquisition of Reeher will extend Blackbaud's benchmarking capabilities and provide additional tools for fundraising teams to complete a holistic view of individual fundraiser and organization-level performance so that organizations can secure more funding, more efficiently, ultimately achieving greater impact and outcomes.
Reeher's customers will experience the benefit of Blackbaud's best-in-class predictive analytics, which will enhance the predictive capabilities available to Reeher's customers today. Blackbaud's customers will benefit from the addition of fundraising performance management capabilities to Blackbaud's portfolio.
Blackbaud's Industry-Leading Analytics with Reeher's Best-in-Class Individual Fundraiser Benchmarking will Create Unparalleled Advantage
Commenting on the acquisition, Kevin McDearis, Blackbaud Chief Products Officer, stated that bringing together Blackbaud's industry-leading analytics and benchmarking capabilities with Reeher's best-in-class individual fundraiser benchmarking is going to create an unparalleled advantage for our customers.
Kevin further said that by adding Reeher's exceptional, proven benchmarking capabilities to the already rich analytics and benchmarking portfolio Blackbaud offers today, the Company is giving its customers a 360-degree view into their performance that is unmatched.
Blackbaud will Help Reeher to Strengthen its Ability to Support Customers
Andy Reeher, Chief Executive Officer of Reeher, mentioned that since founding Reeher in 2002, the Company's mission has been to change the way that colleges and universities raise money. Many of the insights Reeher was able to uncover with the data the customers share has led to new insights, and a set of tools to act on that insight.
Andy added that Blackbaud will be able to help Reeher expand the scope of the mission, and to strengthen its ability to support customers by joining with the world's leading cloud software company powering social good.
Blackbaud's Last Acquisition Deal
In October 2017, Blackbaud completed its acquisition of UK-based JustGiving™, whose online social giving platform played a powerful role in the growth of peer-to-peer fundraising. Blackbaud purchased, through its UK subsidiary, all outstanding equity interests of Giving Limited, doing business as JustGiving, for an aggregate purchase price of £95 million, or approximately $127.4 million, financed with cash on hand and borrowings under its existing credit facility. The acquisition was initially announced in June 2017.
This acquisition doubled Blackbaud's ongoing investment in peer-to-peer capabilities. The acquisition also added a new personal crowdfunding capability and positioned Blackbaud to better serve the UK market.
About Reeher
Headquartered in St. Paul, Minnesota, Reeher is a leading developer of cutting-edge software services to improve the efficiency and effectiveness of higher education fundraising efforts. Its signature Reeher Platform provides university development leaders at institutions of all sizes with tools to track and measure effectiveness, discover new opportunities, engage constituents, and improve ROI.
About Blackbaud, Inc.
Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud is the world's leading cloud software company powering social good. Serving non-profits, foundations, corporations, education institutions, healthcare institutions, and individual change agents, Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence.
Stock Performance Snapshot
May 02, 2018 - At Wednesday's closing bell, Blackbaud's stock dropped 3.19%, ending the trading session at $97.35.
Volume traded for the day: 385.79 thousand shares, which was above the 3-month average volume of 301.77 thousand shares.
Stock performance in the previous three-month period – up 1.60%; past twelve-month period – up 20.42%; and year-to-date - up 3.03%
After yesterday's close, Blackbaud's market cap was at $4.64 billion.
Price to Earnings (P/E) ratio was at 101.20.
The stock has a dividend yield of 0.49%.
The stock is part of the Technology sector, categorized under the Business Software & Services industry.
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