Blackbaud (Nasdaq: BLKB) is buying MicroEdge LLC from private-equity backers Vista Equity Partners and Bregal Sagemount for $160 million.

MicroEdge, headquartered in New York, provides software services to foundations, corporations, government agencies, donors, advisers and financial institutions to help them raise, manage and award charitable donations.

Charleston, South Carolina-based Blackbaud provides cloud-based and on-premise software, as well as marketing, advocacy, relationship management, financial management, and other services to the nonprofit sector.

The target is backed by private equity firms Vista Equity Partners and Bregal Sagemount. Vista, headquartered in San Francisco, has about $13 billion in capital commitments. In August, the firm sold SumTotal Systems LLC, a cloud-based human resources company, to Skillsoft Ltd. 

Bregal Sagemount, headquartered in New York, is a private equity fund that has $500 million in commitments. The group generally commits between $15 million and $150 million to investments.  In October, the firm led a $40 million investment in cloud-technology group Accela Inc. 

Jeff Bistrong, Mike Wilkins and Tyler Dewing of Harris Williams & Co. provided financial advice to MicroEdge LLC.