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      Monthly Archives: August 2015

      Blackbaud Selected as One of the Best Places to Work in South Carolina

      Blackbaud, a leading provider of software and services for the global philanthropic community has been named one of the 2015 Best Places to Work in South Carolina for a sixth consecutive year.

      The Best Places to Work in South Carolina is a statewide program managed by the South Caroline Chamber of Commerce, Best Companies Group and SC Biz with the aim of identifying and recognizing South Carolina’s best employers both large and small by evaluating companies’ achievements in employee engagement and satisfaction.

      Based in Charleston, South Carolina, Blackbaud has nearly 3,000 employees globally with approximately 1,250 located in South Carolina and another 1,692 located in satellite offices throughout the United States and around the world — including Australia, Canada, Ireland and the United Kingdom. The company is currently hiring in the areas of business services and administration, customer success, customer support, design and user experience, finance, human resources, IT and operations, marketing, product management, sales, services and consulting, and software engineering.

      For more information about careers at Blackbaud, visit www.blackbaud.com/careers.

      About Blackbaud
      Serving the worldwide philanthropic community for more than 30 years, Blackbaud (NASDAQ: BLKB) combines innovative software and services, and expertise to help organizations achieve their missions. Blackbaud works in over 60 countries to power the passions of more than 30,000 clients, including nonprofits, K-12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Blackbaud’s portfolio of software and services support nonprofit fundraising and relationship management, eMarketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility, and education. Using Blackbaud technology, these organizations raise, invest, manage and award more than $100 billion each year. Recognized as a top company, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      nicole.mcgougan@blackbaud.com

      Forward-looking Statements
      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; risks associated with our products and services capability to provide online giving experiences; risks related to uncertainty regarding market acceptance of products and services, including the adoption of online fundraising; risks associated with the capability of our products and services to aggregate data from multiple external sources and the ability to successfully use those aggregations, including those aggregations related to a unique Giving Footprint; the ability to achieve success in fundraising initiatives; risks associated with successful implementation of multiple integrated software products; delays or interruptions in hosted services; failure to securely collect, store and transmit personal information and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      Blackbaud to Acquire Smart Tuition

      Addition of tuition payments portfolio positions software and services leader to
       deliver more comprehensive solutions to K-12 private school community

      Charleston, S.C. (August 10, 2015) — Blackbaud, Inc. (NASDAQ: BLKB), the leading provider of software and services for the worldwide philanthropic community, today announced it has signed an agreement to acquire Smart Tuition, a leading provider of payment software and services for private schools and parents. This acquisition expands Blackbaud’s footprint into the tuition management market and positions the company to offer more comprehensive solutions to K-12 private schools.

      Under the purchase agreement for the transaction, Blackbaud will acquire all of the outstanding equity interests of Smart Tuition for an aggregate purchase price of $190 million. The closing of the transaction is expected to occur within 90 days, subject to certain closing conditions, including the expiration or termination of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended. Blackbaud expects to finance the acquisition with cash on hand and borrowings under its existing credit facility.

      “The acquisition of Smart Tuition allows Blackbaud to better and more completely serve the K-12 private school community with innovative solutions that help them manage and connect information, streamline internal processes and improve the family experience”, said Blackbaud President and CEO Mike Gianoni. “This also expands Blackbaud’s addressable market into the high-demand tuition management area, which includes payments beyond our traditional solutions and typically accounts for more than 80% of a private school’s revenue.”

      For more than 25 years, Smart Tuition has focused exclusively on financial solutions that help schools improve back office processes, enhance communication with parents and eliminate inefficiencies with easy to use, anywhere-accessible solutions that support tuition and financial aid management. The company’s product suite, which includes Smart Tuition, Smart Aid and Smart for Dioceses, serves thousands of schools and over 300,000 families.

      “We see tremendous possibilities for our clients as we join Blackbaud,” said Smart Tuition President and CEO, Matt Knapp. “By bringing together Smart Tuition and Blackbaud’s rich legacy of innovation and expertise, the entire K-12 private school community can enjoy the easy to use, elegant mobile and reporting solutions they need to perform all of their critical functions, while providing the best user experience possible to staff, students and families.”

      This announcement comes 14 months after Blackbaud’s acquisition of WhippleHill, further underscoring the company’s commitment to investing in and empowering the K-12 private school community with innovative, cloud-based, and mobile-ready solutions.

      Kevin Mooney, Blackbaud executive vice president and president of General Markets added “K-12 private schools now have a single, trusted partner to help them create a fully connected school—from enrollment, to student information, student billing and tuition management, learning and content management, and more. Blackbaud has invested more than 30 years in helping the education community excel, and today’s announcement is one more example of ways we’re working to constantly improve the convenience and capability of our solutions for schools and families alike.”

      Smart Tuition is headquartered in Woodbridge, NJ. Sagent Advisors, LLC served as financial advisor to Blackbaud for this transaction.

      About Blackbaud

      Serving the worldwide philanthropic community for more than 30 years, Blackbaud (NASDAQ: BLKB) combines innovative software and services, and expertise to help organizations achieve their missions. Blackbaud works in over 60 countries to power the passions of more than 30,000 clients, including nonprofits, K-12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Blackbaud’s portfolio of software and services support nonprofit fundraising and relationship management, eMarketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility, and education. Using Blackbaud technology, these organizations raise, invest, manage and award more than $100 billion each year. Recognized as a top company, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.

      About Smart Tuition

      Founded in 1989, Smart Tuition is a leader in providing a robust student billing and payments processing platform through its SaaS school accounts receivables offering.  The company was recognized among Inc. Magazine’s 5000 fastest growing private companies in America in 2014. Smart Tuition supports the educational mission of faith based schools, as well as independent private schools across the United States. For more information about Smart Tuition, please visit: http://www.smarttuition.com.

      Blackbaud Media Contact

      Nicole McGougan
      Public Relations
      843.654.3307
      nicole.mcgougan@blackbaud.com

      Smart Tuition Media Contact

      John Roland
      Marketing & Public Relations
      404.545.8756
      jroland@smarttuition.com

      Forward-looking Statements

      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding the expected closing of the acquisition, as well as the expected benefits of the acquisition to Blackbaud. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing clients; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software solutions; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations; technological changes that make our solutions and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

      Overall Charitable Giving to Nonprofits Down, Online Giving Up

      The Blackbaud Index debuts new specialty index focused on giving to foundations

      Charleston, S.C. (August 3, 2015) – Blackbaud, Inc. (NASDAQ: BLKB) today updated The Blackbaud Index with charitable giving trends through June 2015, as well as announced the addition of a new foundation specialty index that tracks revenue from giving to foundations.

      Based on data from 5,170 charities that raised more than $17 billion in the prior 12 months, The Blackbaud Index reported that overall charitable giving decreased 0.5 percent for the three months ending June 2015, compared to the same period a year earlier.

      Among 3,786 charities that raised over $2 billion online in the prior 12 months, online giving grew 13.8 percent in the same three-month period, compared to the same period a year earlier.

      NEW! Foundation Index Trends

      Based on giving to 96 foundations representing more than $414.6 million in annual revenue, The Blackbaud Index reported that overall giving grew 4.7 percent in the three months ending in June 2015, compared to the same period in 2014. The new index includes — does not track as separate categories — giving to community foundations; corporate foundations; private foundations, including family foundations; and operating foundations.

      “Over time, with growth in the number of foundations the Blackbaud Index tracks, and in giving to those foundations, the Foundation Index likely will break out giving to separate categories of foundations,” said Chuck Longfield Blackbaud’s chief scientist and creator of the Index. “Unlike Blackbaud’s other specialty indices, which track both overall giving and online giving to each sector, the new Foundation Index tracks only overall giving to foundations because online giving to them is not significant.”

      Blackbaud also released a report today focused on the charitable giving trends to foundations which features insight and expertise from interviews with multiple foundations, as well as A Closer Look: Key Findings about Giving to Foundations from the Blackbaud Index.

      The new foundation index brings the number of specialty indices up to 11, including: Arts & Culture, Environment & Animal Welfare, Faith-based, Healthcare, Higher Education, Human Services, International Affairs, K-12 Education, Medical Research, Public & Society Benefit and, now, Foundations.

      The Blackbaud Index provides the most up-to-date information on charitable giving today. Tracking more than $17 billion in US-based charitable giving, the Index is updated on the first of each month (or the next business day) and is based on a three-month moving average of year-over-year percent change. Featuring overall and online giving, the Index can be viewed by size and subsets of the nonprofit industry via an interactive online chart. The Index also features a fundraising benchmark calculator that allows users to easily chart their own results against the Index and historical data to provide a fuller view of charitable giving.

      Visit www.blackbaud.com/blackbaudindex for more information on The Blackbaud Index and additional industry subsets, for monthly updates on the first (or next business day) or to subscribe to email or text alerts, and to download the latest report.

       About Blackbaud

      Serving the nonprofit, charitable giving and education communities for more than 30 years, Blackbaud (NASDAQ: BLKB) combines technology solutions and expertise to help organizations achieve their missions. Blackbaud works in over 60 countries to support more than 30,000 customers, including nonprofits, K12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations. The company offers a full spectrum of cloud and on-premise solutions, and related services for organizations of all sizes, including nonprofit fundraising and relationship management, eMarketing, advocacy, accounting, payment and analytics, as well as grant management, corporate social responsibility, education and other solutions. Using Blackbaud technology, these organizations raise, invest, manage and award more than $100 billion each year. Recognized as a top company, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.

      Media Contact

      Nicole McGougan
      Public Relations
      843.654.3307
      nicole.mcgougan@blackbaud.com

      Forward-looking Statements

      Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; risks associated with our products and services capability to provide online giving experiences; risks related to uncertainty regarding market acceptance of products and services, including the adoption of online fundraising; risks associated with the capability of our products and services to aggregate data from multiple external sources and the ability to successfully use those aggregations, including those aggregations related to a unique Giving Footprint; the ability to achieve success in fundraising initiatives; risks associated with successful implementation of multiple integrated software products; delays or interruptions in hosted services; failure to securely collect, store and transmit personal information and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

       

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