09:00 AM EST, 01/02/2025 (MT Newswires) -- Blackbaud ( BLKB ) said Thursday it sold its EVERFI business to an unaffiliated private investment firm.

The company said the sale, which closed on Dec. 31, 2024, was completed for a "nominal amount" following a strategic review.

Blackbaud ( BLKB ) said its YourCause portfolio and Impact Edge solution, which support corporate giving, volunteering, engagement, and impact reporting, will remain with the company.