YourCause Has Been Acquired by Blackbaud

YourCause Profile

  • YourCause is a market leader in enterprise philanthropy, corporate social responsibility and employee engagement software
  • YourCause provides innovative, flexible and scalable software solutions to a diverse customer portfolio, including Fortune 500 companies and small businesses alike. Eight million people can currently engage with YourCause's platform, which processes more than $245,000 in donations every business hour and has coordinated, tracked and rewarded more than 30 million volunteer hours for its customers
  • Headquartered in Plano, Texas, YourCause was a portfolio company of Providence Strategic Growth, focused on growth equity investments in lower middle market software and technology-enabled service companies

Blackbaud Profile

  • Blackbaud (NASDAQ: BLKB) is the world's leading cloud software company powering social good
  • Serving the entire social good community – nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents – Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise and data intelligence
  • Blackbaud is headquartered in Charleston, South Carolina and has operations in the US, Australia, Canada and the United Kingdom

Transaction Notes

  • Blackbaud purchased YourCause for approximately $157 million and the acquisition closed on January 2, 2019
  • We understand that business success today is more than finances; it’s also critical to engage on social issues. In a time where 84 percent of Americans believe businesses shoulder a responsibility to bring social change, providing those businesses with the right tools not only helps attract and retain customers and employees, but it helps to build a better world.” – Mike Gianoni (President & CEO, Blackbaud)
  • Together, we have a unique opportunity to innovate for the social good space at a larger scale and with greater velocity. Combining YourCause’s comprehensive solutions for maximizing global social impact with Blackbaud’s unparalleled leadership in delivering cloud solutions for social good will enable companies around the world to create a culture that engages and inspires employees and customers, while driving business success and powering measurable outcomes.” – Kevin McDearis (Chief Products Officer, Blackbaud)
  • The inspiration for YourCause began in 2007 with the story of a boy in war-torn Uganda who had suffered unimaginable tragedy, my desire to help and my realization that the tools to connect individuals like myself to the causes and organizations needing support across the globe were lacking. Joining Blackbaud, the leader in the social good software space, will enable us to connect enterprises, individuals and nonprofits to more efficiently support social causes of every size, anywhere in the world.” – Matthew Combs (CEO, YourCause)
  • Shea & Company served as the exclusive financial advisor to YourCause
$157 million
has been acquired by
Shea & Company served as the exclusive financial advisor to YourCause