3 minute read
BUSINESS
INS & OUTS
BY ROBERT DEVANEY
GEORGETOWN-BORN EVERFI SELLS FOR $750 MILLION
Blackbaud, the “world’s leading cloud software company powering social good,” announced Jan. 3 that it “has acquired global social impact technology leader EverFi in a cash and stock transaction for approximately $750 million, subject to certain customary adjustments.”
Founded 12 years ago in Georgetown on Potomac Street and headquartered in Washington, D.C., EverFi “has pioneered the field of Impact-as-a-Service. Through a combination of cloud-based software and its unique community engagement ecosystem, EverFi enables private, public and social sector organizations to respond to some of today’s most pressing challenges through education, activating community engagement at scale, delivered as a service. Through its technology and learning platform, EverFi has reached more than 45 million learners globally…,” Blackbaud said in a statement.
“Blackbaud and EverFi have similar cultures and a strong sense of purpose,” said Tom Davidson, CEO, EverFi, who will join Blackbaud with his executive team. “Together we offer an unparalleled commitment to customers, innovation and data-driven social impact, making us the one distinctive leader in the social impact space. EverFi’s software powers some of the largest ESG and CSR initiatives in the world, and this alignment will drive impact for millions of learners every year.”
Two years ago, EverFi celebrated its new digs at 2300 N St. NW in the West End with friends, family and employees — along with Mayor Muriel Bowser, Kenan Thompson of “Saturday Night Live” and Georgetown and NBA star Jerome “Junk Yard Dog” Williams. Said EverFi co-founder and CEO Tom Davidson in 2019: “Ten years ago, EverFi was founded in a small D.C. row house with the idea that we could harness innovative, digital education to engage learners around some of the country’s most intractable issues, including financial illiteracy, student loan debt, sexual harassment and violence and workforce access.”
EverFi CEO Tom Davidson, Kenan Thompson and Mayor Muriel Bowser in 2019. Photo by Robert Devaney.
IN: BOZZELLI’S
Space-age Bozzelli’s opened last week at Washington Harbour, next to Bangkok Joe’s (3000 K St NW). Beside its array of pizzas, the menu includes Boom Boom Chicken and Meaty Boy — along with subs, grilled cheese, breakfast sandwiches and salads.
SOON: SMOOTHIE KING ON M
Smoothie King — founded in Louisiana in 1973, headquartered in Texas and now owned by a South Korean company — is looking to fix up and set up shop at 3122 M St. NW in the space once occupied by Starbucks. The opening will likely be late spring. There are more than 1,000 Smoothie Kings worldwide.
IN: CALL YOUR MOTHER IN WEST END
Call Your Mother, the “Jew-ish deli,” opened its doors in the West End neighborhood Jan. 30 — taking over the café space within the Yours Truly DC Hotel at 1143 New Hampshire Ave. NW. It is CYM’s sixth location.
SOON: RETURN OF THE FOUNTAIN INN
A new tavern is set to open at 1659 Wisconsin Ave. NW in a month or two and has staked its reputation on fine spirits — as well as on the spirits of Washington history. The new business tells us: “Originally established in 1783 by clockmaker John Suter, The Fountain Inn (a.k.a. Suter’s Tavern) was one of the most important taverns in American history. While the precise location of the original tavern is unknown, we do know this: Washington slept (t)here; Jefferson drank (t)here; D.C. was built (t)here. Our vision for the 21st century Fountain Inn is to rekindle, restore but also rewrite its legacy, spirit and history in the form of a rare spirits tasting room that welcomes all through its doors.” We await our back-to-thefuture moment and a fine whiskey.
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