Blackbaud Streamlines Product Portfolio with Divestiture
NPact to Take Over Ownership of Blackbaud FIMS™ and DonorCentral® NXT Products
Charleston, S.C. (September 12, 2022) — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced it has entered into an agreement to divest its Blackbaud FIMS™ and DonorCentral® NXT products to NPact, a Blackbaud channel partner and ISV Premier partner.
NPact will dedicate new development and maintenance resources to both products and is committed to supporting and enhancing them for the foreseeable future. Blackbaud and NPact will work together over the coming months to successfully transition both products to NPact.
“We are pleased to announce the completion of this transaction, which will allow us to reduce complexity and focus on innovation within our core products as we execute our strategic growth plans,” said Kevin Gregoire, executive vice president and chief operating officer, Blackbaud. “We are confident that our longtime partner NPact will steward FIMS and DonorCentral NXT customers. Blackbaud is committed to serving customers with our best-in-class, purpose-built solutions, and we will continue to serve the foundations sector as we invest further in our Blackbaud SKY® platform, our key fundraising, financial and grantmaking solutions, and our partner network.”
Existing FIMS and DonorCentral NXT users can visit NPact’s website (www.npact.com) or email [email protected] for additional information. NPact will be in direct contact with FIMS and DonorCentral NXT customers to guide and support them through this transition.
The financial terms of this transaction were not disclosed, but are not material to Blackbaud.
Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good. Serving the entire social good community—nonprofits, higher education institutions, K–12 schools, healthcare organizations, faith communities, arts and cultural organizations, foundations, companies and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility (CSR) and environmental, social and governance (ESG), school management, ticketing, grantmaking, financial management, payment processing and analytics. Serving the industry for more than four decades, Blackbaud is a remote-first company headquartered in Charleston, South Carolina, with operations in the United States, Australia, Canada, Costa Rica and the United Kingdom. For more information, visit www.blackbaud.com or follow us on Twitter, LinkedIn, Instagram and Facebook.
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.