Target Software, Target Analysis Group Bought for $60M - Cambridge, MA
Blackbaud, a Charleston-based provider of software for nonprofit organizations, has signed agreements to acquire Target Software Inc. and Target Analysis Group, two privately held sister companies based in Cambridge, for $60 million. Target Software provides database management and donor relationship software products for nonprofit fundraising organizations that run high-volume direct response marketing campaigns. Target Analysis Group offers data mining, predictive modeling, and unique collaborative benchmarking for nonprofit organizations. "This acquisition will improve Blackbaud's ability to serve customers in the high-end of the nonprofit market and chief marketing officers alike, and we believe there will be a significant opportunity to cross-sell our respective solutions to customers of all sizes," said Marc Chardon, CEO of Blackbaud.