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Tuesday, August 07, 2007

Blackbaud buys out Indy-based eTapestry


South Carolina-based Blackbaud, a provider of software services to non-profit organizations, said it has acquired privately owned eTapestry for about $24.8 million, plus up to $1.5 million under a two-year stock-based performance incentive arrangement.

Founded in 1999, eTapestry makes and sells fundraising software for nonprofit groups and churches. What sets eTapestry apart from others in the small but rapidly growing industry is its software is completely Web-based. That means... [continued at IndyStar.com]

posted by IndyChristian @ 7:37 AM

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