Blackbaud’s Main Competitor Salesforce.org Acquired by Salesforce.com; Doesn’t Change Our View
On April 16, Salesforce.com announced that it would acquire its nonprofit and education vehicle Salesforce.org for $300 million, a move that raises the competitive threat to wide-moat Blackbaud. Reasons for the maneuver can be attributed to better alignment of resources and go-to-market initiatives, while Salesforce.com creates a new nonprofit and education vertical. The philanthropic nature of the acquisition makes sense given co-CEO Marc Benioff’s long-term support for the nonprofit and educat...Blackbaud is a cloud software company. The company is engaged in providing software solutions in cloud and hosted environments, providing payment and transaction services, providing software maintenance and support services, and providing services, including implementation, consulting, training, analytic and other services. The company's portfolio provides fundraising and relationship management, marketing and engagement, financial management, grant and award management, organizational and program management (such as education management, church management and ticketing), social responsibility, payment services and analytics.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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