Blackbaud Completes the Sale of EVERFI to Private Investment Firm
On January 2, 2025, Blackbaud, Inc. (NASDAQ: BLKB), a prominent provider of software solutions focused on social impact, announced the completion of the sale of its subsidiary, EVERFI Inc., to an unaffiliated private investment firm. The decision to sell follows a comprehensive and strategic evaluation of the division's operations and aligns with Blackbaud's commitment to enhance its core mission.
The transaction, which was finalized on December 31, 2024, occurred for a nominal amount. Blackbaud's president of corporate impact, Dale Strange, expressed confidence in the process, ensuring that both EVERFI's clients and employees would experience a seamless transition. "We are collaborating closely with the new owner and the EVERFI leadership team to ensure uninterrupted service for EVERFI’s customers," he remarked, reaffirming the commitment to uphold the educational services provided by EVERFI.
EVERFI has built a robust platform that delivers crucial educational resources across a variety of topics, including financial literacy, wellness, compliance, and workplace training. This collection of courses has been instrumental in offering users essential skills necessary for personal development and professional success. Despite this sale, Blackbaud will continue to focus on its own suite of solutions, including the YourCause® portfolio and Impact Edge™ platform, which are integral to their ongoing strategies to support corporate social responsibility initiatives.
Blackbaud, renowned for its dedication to social impact, continues to serve a wide array of clients, including nonprofit organizations, educational institutions, companies seeking to engage in responsible practices, and individual changemakers. Thanks to their innovative software solutions, Blackbaud has facilitated raising, granting, or managing over $100 billion annually through its platforms, making a considerable dent in various sectors dedicated to making the world a better place.
Having been recognized by numerous organizations, including Newsweek's list of America’s Most Responsible Companies, and Quartz’s Best Companies for Remote Workers, Blackbaud thrives on a remote-first operational model. The company boasts a global presence with offices in the United States, Australia, Canada, Costa Rica, India, and the United Kingdom, supporting users across more than 100 countries.
Looking ahead, Blackbaud is poised for continued growth without its previous connection to EVERFI. The firm intends to strengthen its core offerings in fundraising, nonprofit financial management, and digital giving, all while empowering purpose-driven organizations to drive meaningful change in their communities. The forthcoming Form 10-K filing from Blackbaud will provide additional insight into the implications of this sale and the future direction of the company.
As the world continues to evolve, the need for educational resources remains ever pertinent. Blackbaud and EVERFI’s partnership has laid a strong foundation for the delivery of these vital tools, and even under new ownership, EVERFI is well-equipped to meet the demands of its users. Clients can expect the same high-quality service and educational insights that have characterized EVERFI up until this transition, ensuring that the mission to promote responsible education continues uninterrupted. Overall, this sale marks a significant moment in Blackbaud’s journey as a leader in the social impact sector, allowing them to hone in on their strategic objectives while allowing EVERFI to flourish independently.
The transaction, which was finalized on December 31, 2024, occurred for a nominal amount. Blackbaud's president of corporate impact, Dale Strange, expressed confidence in the process, ensuring that both EVERFI's clients and employees would experience a seamless transition. "We are collaborating closely with the new owner and the EVERFI leadership team to ensure uninterrupted service for EVERFI’s customers," he remarked, reaffirming the commitment to uphold the educational services provided by EVERFI.
EVERFI has built a robust platform that delivers crucial educational resources across a variety of topics, including financial literacy, wellness, compliance, and workplace training. This collection of courses has been instrumental in offering users essential skills necessary for personal development and professional success. Despite this sale, Blackbaud will continue to focus on its own suite of solutions, including the YourCause® portfolio and Impact Edge™ platform, which are integral to their ongoing strategies to support corporate social responsibility initiatives.
Blackbaud, renowned for its dedication to social impact, continues to serve a wide array of clients, including nonprofit organizations, educational institutions, companies seeking to engage in responsible practices, and individual changemakers. Thanks to their innovative software solutions, Blackbaud has facilitated raising, granting, or managing over $100 billion annually through its platforms, making a considerable dent in various sectors dedicated to making the world a better place.
Having been recognized by numerous organizations, including Newsweek's list of America’s Most Responsible Companies, and Quartz’s Best Companies for Remote Workers, Blackbaud thrives on a remote-first operational model. The company boasts a global presence with offices in the United States, Australia, Canada, Costa Rica, India, and the United Kingdom, supporting users across more than 100 countries.
Looking ahead, Blackbaud is poised for continued growth without its previous connection to EVERFI. The firm intends to strengthen its core offerings in fundraising, nonprofit financial management, and digital giving, all while empowering purpose-driven organizations to drive meaningful change in their communities. The forthcoming Form 10-K filing from Blackbaud will provide additional insight into the implications of this sale and the future direction of the company.
As the world continues to evolve, the need for educational resources remains ever pertinent. Blackbaud and EVERFI’s partnership has laid a strong foundation for the delivery of these vital tools, and even under new ownership, EVERFI is well-equipped to meet the demands of its users. Clients can expect the same high-quality service and educational insights that have characterized EVERFI up until this transition, ensuring that the mission to promote responsible education continues uninterrupted. Overall, this sale marks a significant moment in Blackbaud’s journey as a leader in the social impact sector, allowing them to hone in on their strategic objectives while allowing EVERFI to flourish independently.
Topics Business Technology）
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