Thursday, May 29, 2008

Kintera Acquired By Blackbaud

San Diego-based Kintera, the provider of online software for managing nonprofit operations, said Thursday afternoon that the firm has entered into a definitive agreement to be acquired by Blackbaud, Inc. The deal is worth approximately $46.0 million. According to Kintera, it will continue its operations in San Diego and its other locations. Blackbaud will pay $1.12 per share for Kintera, which is publicly traded on the NASDAQ as KNTA. Blackbaud is a provider of software and services for nonprofits, and is based in Charleston, SC.