Blackbaud rejected a sweetened $4.3 billion takeover offer from Clearlake Capital Group, saying it significantly undervalued the cloud software provider. This is the second time that Blackbaud has spurned the overtures of its largest shareholder, which has been swooping down on software companies as it bets on demand for cloud-related services. The private equity firm made its latest offer last month, valuing each share of Blackbaud at $80, compared with the $71 per share offered in March last year.
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today released its 2023 Impact Report, sharing how the company has advanced its environmental, social and governance priorities in the past year.
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced a strategic investment in UBIQ Education, innovators in school websites through the introduction of AMAIS, the first digital experience ecosystem (DXE) for schools.