AFP also has a blog which focuses on Nonprofit Technology stories we've seen.
Blackbaud, Inc. Announces Acquisition of eTapestry :: PNNOnline ::: "Blackbaud, Inc. Announces Acquisition of eTapestry
Posted by: Blackbaud, Inc. on Wednesday, August 8, 2007
Topic Special Features
Blackbaud, Inc. a leading provider of software and related services designed specifically for nonprofit organizations, has announced that it has acquired privately-owned eTapestry, based in Indianapolis, Indiana.
Under the terms of the agreement, Blackbaud paid an aggregate purchase price of approximately $24.8 million, plus an additional amount of up to $1.5 million under a two-year stock-based performance incentive arrangement. Blackbaud financed the deal through a combination of cash and borrowings from its credit facility.
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