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BLACKBAUD ACQUIRES ACADEMICWORKS Featured

Paul Hill, BlackbaudNonprofit software vendor Blackbaud has acquired AcademicWorks, which makes scholarship management software. The acquired company's products serve higher education and K-12 institutions, foundations and grant-making institutions. Terms were not disclosed.

"Anyone who has ever applied for, awarded, or managed a scholarship has experienced how much opportunity there is to streamline the application, tracking and notification process," Tim Hill, president of Blackbaud Higher Education Solutions, said in a prepared statement. Blackbaud will continue to sell AcademicWorks as a stand-alone product but plans to integrate it with Blackbaud's applications in this area. Cloud-based AcademicWorks enables students to apply for all awards at an institution using one process, while offering schools and awarding institutions a common platform for improved awarding, reporting, compliance, communication and stewardship for those awards.

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