[Software] Cloud giant Blackbaud acquires social SaaS company Everfi for $750 million

[[M]anuel]

Cloud software giant Blackbaud has announced its intent to acquire "impact-as-a-service" company Everfi for $750 million. 

Based in Washington, DC, Everfi offers cloud-based online learning tools to private, public, and social sector organisations. Alongside this, Everfi works with a range of groups on corporate social responsibility (CSR) and environmental goals. 

The synergies between the two businesses are clear: Blackbaud, working with everyone from non-profits to K-12 schools to faith communities and arts organisations, gains another feather in its cap, one that will generate around $120 million in revenue during 2022, rising 20% over 2021, and reaches 45 million learners globally. 

https://www.techradar.com/news/cloud-giant-blackbaud-acquires-social-saas-company-everfi-for-dollar750-million