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Posted January 09, 2019
The Charleston area’s largest technology company has bought a Dallas-area software business for $157 million, its biggest acquisition in more than three years.
Daniel Island-based Blackbaud Inc. said its purchase of YourCause was finalized Wednesday.
Both companies develop software and services that focus on philanthropic organizations and social causes.
Blackbaud said YourCause’s technology processes about $245,000 in charitable donations every business hour and that it has built a potential user base of about 8 million. The Texas firm also has coordinated and tracked more than 30 million volunteer hours for its customers.
Blackbaud said the deal moves it beyond nonprofit groups and deeper into the for-profit world because YourCause works with Fortune 500 companies and other businesses that are aiming to become more involved in specific social issues.
“After implementing YourCause solutions, customers show as high as triple-digit growth in volunteers, donations, engagement and more,” it said in a written statement. “These reported successes demonstrate a larger trend: overall ability to attract employees and customers alike by strengthening a company’s reputation.”