Charleston-based Blackbaud Spends $43 Million to Buy Data Analytics Firm Reeher

Blackbaud Inc. is making a $43 million bet that data analytics is central to the future of its business, acquiring a startup to shore up its ability to crunch numbers for nonprofit groups.

The Daniel Island-based technology company said Tuesday that by purchasing Reeher, it will get another data tool to sell to customers. Reeher makes software that predicts who might be willing to give money and tells professional fundraisers how well they're doing. Read more: