Blackbaud Sells EVERFI to Undisclosed Private Investment Firm

Vector Solutions Acquires EVERFI's Higher Education and Campus Prevention Network Business

July 20, 2021

Education

Vector Solutions has acquired EVERFI's higher education business, including the Campus Prevention Network and online training catalog, for $100 million. The deal brings EVERFI's higher education compliance, prevention, and analytics capabilities into Vector's education-focused software suite to expand product offerings and strengthen its position in the higher education market.

EverTrue Acquires Fundriver

August 16, 2022

Cloud & SaaS

EverTrue has acquired Fundriver to integrate Fundriver’s endowment accounting and donor stewardship software into EverTrue’s advancement and donor engagement platform. The acquisition adds turnkey endowment financial reporting, audit readiness, and donor compliance monitoring capabilities to EverTrue’s analytics and outreach tools, enabling more holistic stewardship and reporting for higher-education and nonprofit customers.

TIAA Sells TIAA Bank to Group of Private Investors; Bank Relaunches as EverBank

August 1, 2023

Financial Services

TIAA has completed the divestiture of TIAA Bank to a group of private investors (funds managed by Stone Point Capital, Warburg Pincus, Reverence Capital Partners, Sixth Street and Bayview Asset Management). TIAA retains a non‑controlling ownership stake and a board seat while the bank, headquartered in Jacksonville, Florida, will operate under a new national bank charter and now does business as EverBank to pursue nationwide consumer and commercial banking growth.

EverTrue Acquires The Solas Group

March 1, 2022

Data & Analytics

EverTrue, the advancement software platform backed by Rubicon Technology Partners, has acquired The Solas Group to integrate the latter’s predictive modeling and fundraising analytics into EverTrue’s donor engagement platform. The move embeds benchmarking and on-demand analytics for higher education and nonprofit fundraisers to improve donor identification, portfolio building, and fundraising ROI.

Charlesbank Capital Partners Acquires EverDriven Technologies From Palladium Equity Partners

March 5, 2024

Transportation

Charlesbank Capital Partners, a Boston-based middle-market private investment firm, has acquired EverDriven Technologies, an alternative student transportation platform, from affiliates of Palladium Equity Partners. EverDriven—which serves nearly 700 school districts across 29 states and transports ~28,000 students annually—will partner with Charlesbank to invest in its routing technology, safety programs and nationwide expansion plans. Terms were not disclosed.

Two Sigma Impact and BayPine (with Everberg) Invest in Penn Foster

January 21, 2021

Education

Two Sigma Impact and BayPine, with participation from Everberg Capital, made a growth investment in Penn Foster to accelerate the company's data-driven digital learning platform. The capital will be used to pair advanced labor-market analytics and data science with skills-based digital learning to expand Penn Foster's ability to upskill frontline workers and partner with employers.