Harris Williams & Co. Advises MicroEdge, LLC on its Pending Sale to Blackbaud

September 4, 2014

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the pending sale of MicroEdge, LLC (MicroEdge), a portfolio company of Vista Equity Partners and Bregal Sagemount, to Blackbaud (NASDAQ: BLKB). MicroEdge is a leading provider of technology solutions for philanthropic foundations and also offers innovative Corporate Social Responsibility (CSR) solutions to corporations. The pending transaction, which is expected to close in the fourth quarter of 2014 and is subject to customary closing conditions, is being led by Jeff Bistrong, Mike Wilkins, Tyler Dewing, and Andy Leed of Harris Williams & Co.’s Technology, Media, & Telecom (TMT) Group and Matt Volinsky of the firm’s Boston office.  

“The management team at MicroEdge has done a great job building an organization that helps thousands of philanthropic foundations and corporations manage their giving and corporate social responsibility programs. MicroEdge’s deep partnerships with the giving community will be the perfect complement to Blackbaud’s extensive nonprofit solution portfolio, and will deliver significant value to the combined client base,” said Jeff Bistrong, managing director in Harris Williams & Co.’s TMT Group.

“The adjacent nature of the MicroEdge and Blackbaud solutions presents the opportunity for the two companies to work hand-in-hand to create a valuable partnership,” added Mike Wilkins, managing director in Harris Williams & Co.’s TMT Group. “We look forward to seeing the growth and success that results from this acquisition.”

Established in 1985 and headquartered in New York City, MicroEdge is a leading provider of software and services to the giving community worldwide. MicroEdge solutions deliver a powerful, integrated and open framework for efficient and effective charitable giving. The company is committed to providing the best technology toolset for foundations, corporations, government agencies, donors, advisors, and financial institutions so organizations can work together to raise, invest, manage and award charitable currency.

Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago, and San Francisco with approximately $13 billion in cumulative capital commitments, currently invests in dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista Equity Partners is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. The firm’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing.

Bregal Sagemount is a growth-focused private equity fund with $500 million in committed capital. Headquartered in New York City, Bregal Sagemount makes investments of $15 million to $150 million in market leaders in high growth segments.

Blackbaud (NASDAQ: BLKB) has been serving the nonprofit and education sectors for more than 30 years by combining technology and expertise to help organizations achieve their missions. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including fundraising, eMarketing, advocacy, constituent relationship management, financial management, payment solutions, analytics, education solutions, and vertical-specific solutions. Blackbaud is headquartered in Charleston, SC, with operations across the United States, Australia, Canada, the Netherlands, Ireland, and the United Kingdom.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.

Harris Williams & Co.’s TMT Group has experience across a broad range of sectors, including software, internet and digital media and infrastructure solutions. Within these segments, the TMT Group focuses on targeted subsectors, including application software, data and informatics, eCommerce, education technology, energy technology, financial technology, healthcare IT, infrastructure software, IT and tech-enabled services, mobile, online advertising and marketing services, public sector software and telecom, data center and networking solutions. For more information on the firm’s TMT Group and other recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.