Breaking News: CDR Fundraising Group Sold

The NonProfit Times has just learned that CDR Fundraising Group has been sold to direct marketing entrepreneur James Moore.  Terms of the deal were not disclosed at this writing, though sources told NPT that CDR's net revenue was about $9 million.

Geoffrey W. Peters, president and CEO of CDR, will remain in that role, the company announced.  Peters wrote the following in a memo to clients:

"The company itself will continue to operate as usual -- with the same name, the same staff, the same values and in the same fashion as previously.  I will remain president and CEO of CDR. We truly don't expect any changes in the way in which we operate, except that we may have some new opportunities to provide additional services to our clients that we could not offer before."

Read more about the sale of CDR at the NPT website.