Friday, January 18, 2019

Leading Corporate Social Responsibility Provider, YourCause, Acquired by Blackbaud

BWW News Desk
January 02, 2019

YourCause a market leader in enterprise philanthropy corporate social responsibility and employee engagement technology announced today that it has been acquired by Blackbaud NASDAQ BLKB the worlds leading cloud software company powering social good p p Blackbaud purchased YourCause for approximately 157 million and the acquisition closed Wednesday January 2 2019 p p YourCause stands out as an innovative flexible and scalable software provider with a diverse customer portfolio including Fortune 500 companies and small businesses alike Eight million people can engage with YourCauses solution which processes more than 245000 in donations every business hour and has coordinated tracked and rewarded more than 30 million volunteer hours p p YourCauses Plano Texasbased team of 155 employees will join Blackbaud no quote The inspiration for YourCause began in 2007 with the story of a boy in wartorn Uganda who had suffered unimaginable tragedy my desire to help and my realization that the tools to connect individuals like myself to the causes and organizations needing support across the globe were lacking YourCause CEO Matthew Combs said no quote Joining Blackbaud the leader in the social good software space will enable us to connect enterprises individuals and nonprofits to more efficiently support social causes of every size anywhere in the world p p After implementing YourCause solutions customers show growth as high as tripledigit percentages in volunteers donations engagement and more These reported successes demonstrate a larger trend overall ability to attract employees and customers alike by strengthening a companys reputation p p no quote We understand that business success today is more than finances its also critical to engage on social issues said Mike Gianoni president and CEO of Blackbaud no quote In a time where 84 percentsup1sup of Americans believe businesses shoulder a responsibility to bring social change providing those businesses with the right tools not only helps attract and retain customers and employees but it helps to build a better world p p The acquisition of YourCause positions Blackbaud as the industry leader in providing solutions to both nonprofit organizations and forprofit companies committed to social issues no quote Together we have a unique opportunity to innovate for the social good space at a larger scale and with greater velocity said Kevin McDearis chief products officer at Blackbaud no quote Combining YourCauses comprehensive solutions for maximizing global social impact with Blackbauds unparalleled leadership in delivering cloud solutions for social good will enable companies around the world to create a culture that engages and inspires employees and customers while driving business success and powering measurable outcomes p p In the near term YourCause customers will benefit from Blackbauds longstanding connections to the nonprofit community and deep investments in research and development to accelerate innovation of the YourCause solutions they use today Blackbaud customers will benefit from a marked expansion and acceleration of workplace giving and volunteering while building a source of new donors volunteers and advocates In the future Blackbaud is eager to combine YourCauses product vision with its own align YourCauses capabilities to Blackbauds technical standards and introduce expanded innovation to the market p p no quote YourCause is an extraordinary company whose leading SaaS platform has brought together the best product and service offerings to support corporate philanthropy said Marco Ferrari managing director at Providence Strategic Growth PSG YourCauses majority shareholder and the growth equity affiliate of Providence Equity Partners no quote We are thrilled to have had the opportunity to partner with the YourCause leadership team to help scale the business over the course of our investment Under Blackbauds ownership the team is wellpositioned to innovate even faster and to continue to make a positive impact on the world p p Blackbaud is headquartered in Charleston South Carolina with operations around the globe YourCause is headquartered in Plano Texas p p Shea amp Company LLC and Weil Gotshal amp Manges LLP acted as financial and legal advisors to the YourCause shareholders in connection with the transaction p p For more information visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2FwwwYourCausecomampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorwwwYourCausecomampindex1ampmd5b55780198865ffc581bc515f3a19e144 relnofollowwwwYourCausecoma p p sup1supGlobal Strategy Groups a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwglobalstrategygroupcom2Fthoughtleadership2Fbusinesspoliticsmixgsgsfourthannualstudy2Fampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorE28098Business26Politics3ADoTheyMix3F27reportampindex2ampmd5e46f475e1abba9878f91754da933e421 relnofollowspan classbwulineBusiness amp Politics Do They Mix reportspana p p bAbout YourCauseb p p YourCauseis a Plano Texasbased Software as a Service SaaS provider of the CSRconnect Employee Engagement Platform CSRconnect and the GrantsConnect Corporate and Foundation Grants Management Platform GrantsConnect an integrated fully hosted solution for corporations to more effectively deploy and manage their employee giving volunteering disaster relief grant management fundraising and overall corporate social responsibility and philanthropy programs Ranked on the Inc 5000 list for four consecutive years and named a best place to work in Dallas YourCause is rapidly expanding its operations through the ongoing deployment of endtoend solutions for enterprises nonprofits and dogooders YourCauses Transparent Givingmodel allows the company to maximize impact across its Global Good Network benefitting millions of nonprofits around the world For more information visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwyankeecomampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorwwwYourCausecomampindex3ampmd5f6c8acc96332a4ea0967cdbe84841d1d relnofollowwwwYourCausecoma or email a referrerpolicyunsafeurl targetblank hrefmailtoinfoYourCausecom relnofollowinfoYourCausecoma p p bAbout Blackbaudb p p Blackbaud NASDAQ BLKB is the worlds leading cloud software company powering social good Serving the entire social good communitynonprofits foundations companies education institutions healthcare organizations and individual change agentsBlackbaud connects and empowers organizations to increase their impact through cloud software services expertise and data intelligence The Blackbaud portfolio is tailored to the unique needs of vertical markets with solutions for fundraising and CRM marketing advocacy peertopeer fundraising corporate social responsibility school management ticketing grantmaking financial management payment processing and analytics Serving the industry for more than three decades Blackbaud is headquartered in Charleston South Carolina and has operations in the United States Australia Canada and the United Kingdom For more information visita referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwblackbaudcmampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorwwwBlackbaudcomampindex4ampmd54a4422b7f1082107fc2042c896925956 relnofollowwwwBlackbaudcoma or follow us on a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fc212net2Fc2Flink2F3Ft3D026l3Den26o3D2311910126h3D193516810326u3Dhttp253A252F252Fwwwtwittercom252Fblackbaud26a3DTwitterampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorTwitterampindex5ampmd5950b75f4e324c36ad9297a856335c4c2 relnofollowTwittera a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fc212net2Fc2Flink2F3Ft3D026l3Den26o3D2311910126h3D357934038626u3Dhttps253A252F252Fwwwlinkedincom252Fcompany252Fblackbaud252F26a3DLinkedInampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorLinkedInampindex6ampmd5ee97267c645b0e61591ec4ee99afe16f relnofollowLinkedIna and a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fc212net2Fc2Flink2F3Ft3D026l3Den26o3D2311910126h3D174908130426u3Dhttp253A252F252Fwwwfacebookcom252Fblackbaud26a3DFacebookampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorFacebookampindex7ampmd5aba22621e9d65dc6a87c7b3dfba54e91 relnofollowFacebooka p p bAbout Providence Strategic Growth Capital Partners LLCb p p Providence Strategic Growth PSG is an affiliate of Providence Equity Partners Providence Established in 2014 PSG focuses on growth equity investments in lower middle market software and technologyenabled service companies primarily in North America Providence is a premier global asset management firm that pioneered a sectorfocused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value Since the firms inception in 1989 Providence has invested in more than 180 companies and is a leading equity investment firm focused on the media communications education and information industries Providence is headquartered in Providence RI and also has offices in New York and London For more information on PSG please visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttps3A2F2Fwwwprovequitycom2Fprivateequity2Fpsgampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorhttps3A2F2Fwwwprovequitycom2Fprivateequity2Fpsgampindex8ampmd5e04905ba00a877f8936ae7b1d69852a2 relnofollowhttpswwwprovequitycomprivateequitypsga and for more information on Providence please visit a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwprovequitycomampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorwwwprovequitycomampindex9ampmd57652631b83157921dce848bfff402547 relnofollowwwwprovequitycoma p p bForwardlooking Statementsb p p Except for historical information all of the statements expectations and assumptions contained in this news release are forwardlooking statements that involve a number of risks and uncertainties Although YourCause attempts to be accurate in making these forwardlooking statements it is possible that future circumstances might differ from the assumptions on which such statements are based In addition other important factors that could cause results to differ materially include the following general economic risks uncertainty regarding increased business and renewals from existing customers continued success in sales growth management of integration of acquired companies and other risks associated with acquisitions risks associated with successful implementation of multiple integrated software products the ability to attract and retain key personnel risks related to our dividend policy and share repurchase program including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends risks relating to restrictions imposed by the credit facility risks associated with management of growth lengthy sales and implementation cycles particularly in larger organization technological changes that make our products and services less competitive and the other risk factors set forth from time to time in the SEC filings for Blackbaud copies of which are available free of charge at the SECs website at a referrerpolicyunsafeurl targetblank hrefhttpsctsbusinesswirecomctCTidsmartlinkampurlhttp3A2F2Fwwwsecgovampesheet51920272ampnewsitemid20190102005635amplanenUSampanchorwwwsecgovampindex10ampmd51718e10d1a317fb4e58eb7493e8eb39d relnofollowwwwsecgova or upon request from Blackbauds investor relations department All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud Inc p p p

SOURCE: BUSINESS WIRE. ©2015 Business Wire

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