The Chronicle of Philanthropy

Blackbaud Buys Competing Charity-Software Company

Blackbaud, a company in Charleston, S.C., that provides accounting, fund-raising, and other financial software for nonprofit groups, will purchase eTapestry, an Indianapolis company, for $24.8-million, with possible additional payments of up to $1.5-million, depending on the performance of Blackbaud stock.

eTapestry, which specializes...

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