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Parker Poe Helps Blackbaud Close $157 Million Acquisition of Software Provider

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  • February 06, 2019

Charlotte, N.C. – A team of attorneys at Parker Poe Adams & Bernstein LLP assisted the world’s leading cloud software company powering social good – Blackbaud – with its recent $157 million acquisition of YourCause™, another software provider focused on enterprise philanthropy, corporate social responsibility, and employee engagement technology.

Blackbaud is headquartered in Charleston, South Carolina, and provides cloud software, services, and data intelligence to nonprofits, foundations, corporations, education institutions, and others focused on social good. Its acquisition of YourCause, based in Plano, Texas, allows Blackbaud to extend its reach into for-profit philanthropy. YourCause helps Fortune 500 companies and other businesses process employee donations and coordinate and track volunteer hours that are part of their corporate social responsibility programs.

Parker Poe advised Blackbaud through all stages of the acquisition. The Parker Poe team was led by mergers and acquisitions partner John McTyeire. The team also included partner Will Cannon (intellectual property), partner Jimmy Greene (tax), partner Doug Harmon (securities), partner Debbie Kleman (employee benefits and executive compensation), associate Stephanie McKeever (mergers and acquisitions), associate Sarah Summit (tax), associate Daniel Bethea (securities), and associate Tiffany Burba (intellectual property).

About Parker Poe
Parker Poe Adams & Bernstein LLP has more than 200 lawyers in seven offices located in major markets across North Carolina, South Carolina, and Georgia. The firm provides legal counsel to some of the largest companies and local governments in the region.

Parker Poe is a member of TerraLex, which was named the Global Network of the Year at The Lawyer's annual European Awards in 2018. With 155 member law firms and more than 17,000 attorneys in 100 countries, TerraLex members provide the legal resources clients need to conduct seamless business worldwide.