CINCINNATI, NEW YORK, SEATTLE, May 9, 2018 – SaaS Capital, the leading provider of Committed Credit Facilities to SaaS companies, congratulates portfolio company Reeher on its acquisition by Blackbaud for $43 million.
Reeher, the industry leader in fundraising performance management for higher education, had the following to say about the acquisition:
"Since founding Reeher in 2002, I have been committed to driving impact for fundraisers and the institutions they support," said Andy Reeher, CEO of Reeher. "I am thrilled to take this impact to the next level, as we accelerate our innovation velocity and scale by joining with the world's leading cloud software company powering social good."
In the near term, Reeher customers will experience the benefit of Blackbaud's best-in-class predictive analytics, which will enhance the predictive capabilities available to Reeher customers today. Blackbaud customers will benefit from the addition of fundraising performance management capabilities to Blackbaud's portfolio. In the future, Blackbaud intends to bring Reeher's capabilities to its broader customer base, including future expansion to other markets outside of higher education that have major gift officer and annual fund functions.
Reeher is a leading developer of cutting-edge software services to improve the efficiency and effectiveness of higher education fundraising efforts. Its signature Reeher Platform provides university development leaders at institutions of all sizes with tools to track and measure effectiveness, discover new opportunities, engage constituents and improve ROI. Based in St. Paul, Minn., Reeher works with leading universities across the country, including Johns Hopkins University, Fordham University, University of New Hampshire, Saint John's University, Duke University and more. Visit www.reeher.com to learn more.
About SaaS Capital
SaaS Capital is the leading provider of long-term Committed Credit Facilities to SaaS companies. Focusing exclusively on the SaaS business model, SaaS Capital delivers faster decisions, more capital, and longer commitments. SaaS businesses have used SaaS Capital's Committed Credit Facilities, instead of equity, to finance growth and create hundreds of millions of dollars in enterprise value without sacrificing significant ownership or control. Also, through its partnership with DH Capital, a boutique investment banking advisory firm, SaaS Capital can assist with M&A and capital raising services. SaaS Capital has offices in Cincinnati, New York, and Seattle. Visit www.saas-capital.com to learn more.
We didn't want to raise a traditional VC round, and SaaS Capital gave us an awesome alternative. We are excited about working with a team that understands SaaS businesses better than anyone else.
Founder and CEO, inDinero