Texas-headquartered digital fundraising company Convio has acquired Baigent Digital, a provider of digital strategy, design and online fundraising services to UK charities.
Round-up of today’s M&A deals
Texas-headquartered digital fundraising company Convio has acquired Baigent Digital, a provider of digital strategy, design and online fundraising services to UK charities.
Under the terms of the agreement, Convio will pay a consideration of £1.8 million in cash and may also pay £250,000 million in cash based on successful achievement of performance targets, an amount payable over three and a half years.
Following the acqusition Convio will expand into the UK initially offering cloud-based online fundraising, email marketing, CMS and TeamRaiser (Convio’s special event software) services to UK charities, with plans to introduce additional product offerings, including CRM.
Gene Austin, President and CEO of Convio, says: ‘Our research indicates there is a significant interest in integrated, cloud-based solutions with UK charities. Baigent’s capabilities and established relationships with many leading UK charities provide a springboard to gain rapid entry into the UK market.
‘The broad range of solutions and services our combined companies will provide to the market will enable UK-based organisations to build stonger relationships with supporters, raise money more efficiently and be more successful.’
Baigent has been working in the UK charity sector for 14 years with charities including UNICEF, Cancer Research UK and Action for Children.
Round-up of today’s M&A deals
- Better Capital has acquired certain bank facilities and related rights of DigiPoS Store Solutions Group Limited
Value: £21 million
Advisers: Numis Securities
Read more
- GO has entered into a share purchase agreement for the acquisition of the remaining forty per cent of the issued share capital of BM IT, BM Support Services Limited and Bellnet
Value: £7.19 million
Advisers: Numis Securities
Read more
- Avnet Technology Solutions has bought out France-based IT distributor Amosdec
Value: undisclosed
Advisers: undisclosed
- Baas R&D bought by Voestalpine
Value: undisclosed
Advisers: undisclosed
Read more
- Media communications and market research group Aegis Group has agreed to acquire Filefix, a full service digital agency in Japan
Value: undisclosed
Advisers: undisclosed
Read more
