Blackbaud, Inc. (NASDAQ:BLKB) Files An 8-K Other Events

Blackbaud, Inc. (NASDAQ:BLKB) Files An 8-K Other Events

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Other Events.

On June23, 2017, Blackbaud Global Limited (Blackbaud
), a United Kingdom limited liability company and
wholly-owned subsidiary of Blackbaud, Inc. (the Company),
entered into a sale and purchase agreement (the SPA) among
Blackbaud Global, the Company, and the holders of all of the
outstanding shares of capital stock (the Shares) of Giving
Limited, a United Kingdom private limited company (Giving
), to acquire the Shares of Giving Limited (the
Acquisition). Blackbaud Global has agreed to acquire the
Shares for an aggregate purchase price of 95 million in cash,
subject to certain adjustments. The Acquisition and other
transactions contemplated in the SPA are subject to the
satisfaction of certain closing conditions as set forth in the
SPA, including the approval of the Acquisition by the Competition
and Markets Authority in the United Kingdom. The Company
anticipates that the Acquisition will close later in 2017.

On June26, 2017, Blackbaud, Inc. issued a press release
announcing its entry into the SPA. A copy of the press release is
attached hereto as Exhibit 99.1.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.


99.1 Press release of Blackbaud, Inc. dated June26, 2017.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking
statements regarding the acquisition of Giving Limited by the
Company and its subsidiaries and related transactions that are
not historical or current facts and deal with potential future
circumstances or developments, in particular regarding whether
and when the transactions contemplated by the SPA will be
consummated. These forward-looking statements are based on
current expectations and involve inherent risks and
uncertainties, including factors that could delay, divert or
change any of them, and actual outcomes and results could differ
materially. Risks and uncertainties that could affect these
forward-looking statements include: satisfaction of the
conditions to closing of the acquisition, together with the risk
factors and uncertainties that affect the Companys business,
particularly those identified in the Companys Annual Reports on
Form 10-K and other filings with the U.S. Securities and Exchange
Commission. Except as might be required by law, the Company
disclaims any obligation to publicly update any forward-looking
statement, whether as a result of new information, future events
or otherwise.

EX-99.1 2 d418000dex991.htm EX-99.1 EX-99.1 Exhibit 99.1   PRESS RELEASE Blackbaud to Acquire Leading Charity Crowdfunding Platform JustGiving Acquisition to extend Blackbaud’s offerings for peer-to-peer fundraising to drive more charitable giving Charleston,…
To view the full exhibit click here
About Blackbaud, Inc. (NASDAQ:BLKB)

Blackbaud, Inc. is a provider of software and services for the global philanthropic community. The Company’s segments include the General Markets Business Unit (the GMBU), the Enterprise Customer Business Unit (the ECBU) and the International Business Unit (the IBU). The GMBU is focused on marketing, sales, delivery and support to all emerging and mid-sized prospects and customers in North America. The ECBU is focused on marketing, sales, delivery and support to all large and/or strategic prospects and customers in North America. The IBU is focused on marketing, sales, delivery and support to all prospects and customers outside of North America. It operates in four geographic regions: United States, Canada, Europe and Australia. The Company’s customers use its cloud-based and on-premises software solutions and related services to help manage donations, fundraising costs, communications with constituents and manage their finances.

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