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June 17, 2014
08:54 EDTBLKBBlackbaud acquires WhippleHIll Communications for $35M in cash
Blackbaud announced the acquisition of WhippleHill Communications, Inc., a New Hampshire-based software company that exclusively serves K12 private schools through its innovative, cloud-based solutions. The WhippleHill organization will merge with Blackbaudís existing K12 education solutions group, forming an expanded team dedicated to K12 private schools. The new group will be led by former WhippleHill President and Founder, Travis Warren, who will report to Kevin Mooney, President, Blackbaudís General Market Business Unit. Blackbaud acquired the Shares for an aggregate purchase price of $35M in cash, subject to certain adjustments set forth in the stock purchase agreement.
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