KINTERA NAMES SCHENCK TO ACCELERATE ACCOUNTING SOFTWARE DEVELOPMENT: Kintera Inc., the company that bought Fundware from Intuit, has named Jim Schenck as vice president of accounting and membership to direct the development of the company's accounting solutions. His duties will include the architectural design and development of Kintera's accounting solutions, including the support and enhancement of Kintera FundWare for the nonprofit and government sectors. The San Diego-based company bought the Greenwood Village, Colo.-based nonprofit division, formerly known as American Fundware, from Intuit in an $11 million cash deal in December 2004. Intuit, which acquired the unit in 2002, put it on the block in August 2004, citing lack of sales growth as the main reason for the decision.
Kintera has said that it plans to integrate FundWare into its Kintera Sphere platform, with the initial release due out during the first quarter 2005, and that it will continue to enhance and support FundWare 7.30 for individual installations, as well as for Kintera's software as a service application. Kintera Sphere will continue to integrate with other accounting programs.
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