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

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

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Item 8.01. Other Events.

On April 3, 2017, Blackbaud, Inc. (“Blackbaud”) acquired all of
the outstanding shares of capital stock (the “Shares”) of
AcademicWorks, Inc., a Texas corporation (“AcademicWorks”), to a
stock purchase agreement among Blackbaud, AcademicWorks, the
holders of the Shares (collectively, the “Shareholders”) and
other parties identified therein (the “Acquisition”). Blackbaud
acquired the Shares for an aggregate purchase price of $50.0
million in cash, subject to certain adjustments set forth in the
stock purchase agreement.
On April 3, 2017, Blackbaud issued a press release announcing the
Acquisition. A copy of the press release is filed hereto as
Exhibit 99.1 and incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
Description
99.1
Press release of Blackbaud, Inc. dated April 3, 2017.


About Blackbaud, Inc.> (NASDAQ:BLKB)

Blackbaud, Inc. is a cloud software company. The Company offers a range of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Its 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: the United States, Canada, Europe and Australia. Its portfolio of software and services supports nonprofit fundraising and relationship management, digital marketing, advocacy, accounting, payments and analytics.

Blackbaud, Inc.> (NASDAQ:BLKB) Recent Trading Information

Blackbaud, Inc.> (NASDAQ:BLKB) closed its last trading session down -0.75 at 75.92 with 194,463 shares trading hands.

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