Leading nonprofit-focused software firm Blackbaud has acquired AcademicWorks Inc., a leader in scholarship management for higher education and K–12 institutions, foundations and grantmaking institutions.

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.

Now as a part of Blackbaud, the platform will allow customers to increase student access to available scholarship funds, enhance cross-functional visibility throughout the awarding and stewardship process and revolutionize donor communication for schools to help drive the cycle of giving and receiving, according to Blackbaud CEO Mike Gianoni.

According to AcademicWorks’ research, on some campuses, as much as 30 percent of scholarship funds have gone unutilized and many donors report limited communication and stewardship once scholarships are given, so there are tremendous opportunities for technology to support greater effectiveness in the process. Additionally, this acquisition offers new opportunities to deepen connections across the ecosystem of good powered by Blackbaud's services, connecting donors, grantmaking institutions and education institutions to increase effectiveness and stewardship in scholarship management, the company said.

For more information, visit http://www.blackbaud.com/Better-Together.