Fiscally sensible, socially good
The deal makes loads of sense. Both firms provide one another additional attain and generate income that can assist them develop symbiotically. “As companies continue to invest further in ESG and CSR programs to both give back and meet regulatory demands, they need a partner who can help connect their philanthropic goals to meaningful social impact opportunities,” mentioned Blackbaud CEO Mike Gianoni. “Blackbaud and Everfi will work together to realize a shared vision of measurable social impact through world-class technology.” Under the phrases, Blackbaud can pay $450 million in money and an additional $300 million in widespread inventory. According to Crunchbase, Everfi has raised over $250 million.