"I am very pleased with the superb work of Revolution Partners on our transaction," said Jay Love, President and CEO of eTapestry. "They took the time to truly understand our business and that translated into a very positive outcome for our shareholders, employees and customers."

"SaaS is changing how software is designed, deployed and consumed," said Tom Olivier, a Principal at Revolution Partners. "eTapestry needed to explore options in order to expand and Blackbaud saw an opportunity to make a strategic acquisition that enables them to provide a best-of-breed on-demand fundraising solution to an important and growing sector. This transaction enables both companies to continue providing infrastructure and related services to nonprofits worldwide."

About Blackbaud, Inc
Blackbaud is the leading global provider of software and related services designed specifically for nonprofit organizations. Over the past 25 years, Blackbaud has achieved success by providing innovative technology solutions that help nonprofits meet their most critical challenges. Blackbaud serves a large and growing market that provides critical services to more than 1.5 million nonprofit organizations in the United States. www.blackbaud.com

About eTapestry Inc.
Founded in 1999, Indianapolis-based eTapestry is the first Web-based donor database and communications management system that delivers its software over the Internet, allowing access from desktops, laptops and mobile devices. eTapestry's Web site development, e-commerce and advanced e-mail tools give its more than 5,000 customers a fully integrated and maintenance free solution. eTapestry's customers, with donor records ranging from several hundred to more than 300,000, do not pay the large upfront costs or the ongoing maintenance and support contracts typically paid in the purchase of more traditional software. www.etapestry.com

Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.

Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com.