Blackbaud sells EVERFI business to private investor for nominal consideration; retains YourCause

BLACKBAUD INC

Sale closed Dec 31, 2024; EVERFI transferred to unaffiliated private investment firm for nominal cash and assumption of liabilities.
Blackbaud retains YourCause portfolio and Impact Edge solution; EVERFI assets and liabilities excluded DC office lease.
Transition services agreement in place for limited period after closing.
Company expects to file impairment charge estimate within four business days via amended 8-K.

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