Davis Polk is advising Blackbaud, Inc. in connection with its approximately $160 million acquisition of MicroEdge Holdings, LLC. The transaction is subject to Hart-Scott-Rodino approval and customary closing conditions, and is expected to close in the 2014 calendar year.

Headquartered in Charleston, South Carolina, Blackbaud offers a full spectrum of cloud-based and on-premise software solutions and related services to support organizations in the non-profit and education sectors. Using Blackbaud technology, these organizations raise more than $100 billion each year. Headquartered in New York City, MicroEdge offers a technology toolset for foundations, corporations, government agencies, donors, advisers and financial institutions to work with one another to raise, invest, manage and award charitable currency.

The Davis Polk corporate team includes partner Martin A. Wellington and associates Jason Bassetti, Max Brunner and Jeffrey Hamilton. Counsel Craig A. Phillips and associate Adam B. Perry are providing tax advice. Counsel Cynthia Akard is providing executive compensation advice. Arthur J. Burke and Michael N. Sohn are providing antitrust and competition advice. The intellectual property team includes law clerk Michelle Gross. Members of the Davis Polk team are based in the Menlo Park and New York offices.