Blackbaud acquires AcademicWorks, Inc.
Daniel Island-based Blackbaud, Inc., the world’s leading cloud software company powering social good, recently announced the acquisition of AcademicWorks, Inc., the market leader in scholarship management for higher education and K-12 institutions, foundations and grant-making institutions.
“Anyone who has ever applied for, awarded, or managed a scholarship has experienced how much opportunity there is to streamline the application, tracking and notification process,” said Tim Hill, president of Blackbaud Higher Education Solutions. “Blackbaud agrees, and that’s why we’re so excited to announce the acquisition of AcademicWorks, which is revolutionizing this process for institutions, donors and students. Together, we’ll continue to improve scholarship management and deepen connections between advancement, stewardship and scholarship teams — and, ultimately, help drive life-changing outcomes for students.”
AcademicWorks is a cloud platform that enables students to apply for all awards at an institution using one intuitive and streamlined process, while offering schools and awarding institutions a common platform for improved awarding, reporting, compliance, communication and stewardship of those awards. The company brings a team with significant experience in developing cloud software, a reputation for excellent customer service, and a solution that has quickly emerged as the leader in its space, with over 500 universities, academic institutions and foundations leveraging its cloud platform, making it the world’s leading scholarship management provider.
“Blackbaud’s sector-leading R&D investments will help to accelerate our pace of innovation, and by building cohesive solutions, we can help customers drive unmatched efficiency and deepen connection between advancement, stewardship and the scholarship office,” added Joe Price, president of AcademicWorks.
In the short term, Blackbaud will continue to sell AcademicWorks as a stand-alone solution. In the future, they hope to streamline critical functions and create a more modern, intuitive experience for students and the administration.