Blackbaud Divests EVERFI Amid Slow Growth and Business Challenges

Blackbaud, Inc. (BLKB) has officially announced the sale of its EVERFI Inc. business to an independent private investment firm. The transaction, finalized on Dec. 31, 2024, followed a thorough strategic review process and was closed for a nominal amount.The company is collaborating closely with the buyer and EVERFI leadership to ensure a seamless handover. Management highlighted that EVERFI remains committed to supporting its customers with educational programs covering essential topics, such as financial l ...