Blackbaud, Inc. (NASDAQ: BLKB), a Charleston, South Carolina-based provider of cloud software and services for the worldwide philanthropic community, completed the acquisition of Smart Tuition, a Woodbridge, NJ-based provider of payment software and services for private schools and parents, for $190m.
The acquisition of Smart Tuition (which was established in 1989) expands Blackbaud’s market and positions the company to offer the K-12 private schools community a solution that connects schools including enrollment management, student information, billing and tuition management, learning and content management, fundraising, etc.
Smart Tuition will now align with Blackbaud’s General Markets Business Unit with operations continuing out of New Jersey and other locations across the United States. Matt Knapp, CEO of Smart Tuition, will continue leading the group, reporting into Kevin Mooney, executive vice president and president of Blackbaud’s General Markets Business Unit.
Led by President and CEO Mike Gianoni, Blackbaud provides more than 30,000 clients in over 60 countries, including nonprofits, K-12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations with software and services for nonprofit fundraising and relationship management, eMarketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility, and education.
The company has operations in the United States, Australia, Canada, Ireland and the United Kingdom.
FinSMEs
06/10/2015