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      Monthly Archives: August 2016

      Press Coverage Highlights for August 13-26

      Our data, expertise, and more were featured in many prominent publications, such as Beth’s Blog, TLNT News, GMNsight, TED Blog, and the Daily Herald
       

      • How a Corporate Volunteering Program Benefits Everyone
        TLNT News, 08.23.2016
        Andrew Troup, director of corporate giving and engagement strategy at MicroEdge + Blackbaud. Research consistently shows that employees are the happiest and most likely to stay at companies that are innovative, align with personal values, offer opportunities for growth and development, cultivate and encourage collaboration and teamwork, and foster an environment where employees feel inspired and play an integral role in making a positive impact in the world.
      • TEDx Wilmington 2016
        TED Blog, 08.24.2016
        Watch Blackbaud’s Rachel Hutchisson present, “The Era of Corporate Social Responsibility is Ending: Why that’s a Good Thing.”
      • Although worlds apart, we are in this together. Virtually, anything is possible.
        GMNsight, 08.17.2016
        Catherine LaCour, SVP of Corporate Marketing at Blackbaud – As digital natives, today’s youth understand this implicitly and yearn to make a difference that will change the world for the better – on their terms. They navigate both online and offline worlds seamlessly, often merging the two, and hold a much broader interpretation of philanthropy, one that goes beyond giving money to also include time, effort, energy and voice.
      • How Will Tracking Outcomes Help Your Organization’s Story?
        Daily Herald – Cook County Online, 08.18.2016
        Our MicroEdge + Blackbaud resident outcomes expert Michelle DiSabato has witnessed how reporting has changed and knows how to tell an organization’s story for impact. The difference is focusing on results. The focus used to be primarily on dollars granted, numbers of grants and location. This information was included in annual reports, presented at Board Meetings, shared with employees or even at monthly departmental meetings.
      • DisruptHR event to highlight Charleston’s growing human-resources tech industry
        The Post and Courier, 08.22.2016
        Nonprofits use Attentive.ly’s software to keep tabs on what their supporters are saying on social media — a service aimed at helping charities better understand their base and interact with them more effectively. Blackbaud, a giant in the world of nonprofit software, bought the company with plans to build those functions into its products.
      • Everyday People Are Heroes: Using Big Data to Engage New Agents of Change Online
        Beth’s Blog, 08.26.2016
        In mid-July, NASDAQ announced that Blackbaud acquired Attentive.ly – a pioneering social listening and marketing automation tool co-founded by Rosalyn Lemieux, Cindy Mottershed and myself in 2012 — to offer nonprofits more innovation and better insights around list engagement. Did you miss it? This is awesome news for nonprofits! Why? It’s a rare acquisition of a female founded tech startup and the first time a tech startup with a black female founder on board has been acquired by a NASDAQ-traded company.

      Adoption of Blackbaud’s Intuitive Cloud Accounting Solution Surges as Nonprofit Finance Executives Choose to Make the Switch

      Organizations commend the value of Financial Edge NXT for performance, security and more

       Charleston, S.C. (August 23, 2016) – Within less than a year following general availability, Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today reported that adoption of Financial Edge NXT™, its trustworthy cloud accounting solution, continues to increase with strong velocity among previous on-premise customers and new customers who are seeking reliable, higher-performance cloud solutions.

      Leveraging Blackbaud SKY™, the company’s modern, integrated and open cloud for the social good community, Financial Edge NXT is an intuitive cloud accounting solution that offers nonprofits advanced financial management capabilities and leading reporting tools.

      “Since we designed Financial Edge NXT exclusively for the social good community, we expected it to resonate, but the market’s response in the first 12 months has been truly remarkable,” said Mike Gianoni, Blackbaud president and CEO. “Our high-velocity delivery model and trustworthy, high-performance cloud are bringing ongoing, best-practice informed enhancements to customers across our entire portfolio. Financial Edge NXT is no exception, and as we see an increasing number of customers making the switch, it inspires us to keep pushing the boundaries of innovation.”

      Customers Applaud Financial Edge NXT as the Leading Nonprofit Cloud Accounting Solution

      • Catholic Charities of Oklahoma City a former on-premise customer, transitioned after seeing the outcome of Blackbaud’s customer-centric product development process. “We’re very impressed with the innovation being delivered in Financial Edge NXT, I love its fast and intuitive reporting,” said Rebecca David, finance director. “I needed Financial Edge NXT to be faster and cleaner, and Blackbaud’s product development team asked me specific questions to figure out how to do that. I knew I was an important part of the development of Financial Edge NXT – it was almost like I was putting my name on it!”
      • By transitioning from another vendor’s legacy system to Blackbaud’s Financial Edge NXT, Fellowship Bible Church of Northwest Arkansas was finally able to meet all of its operational needs, including the ability to provide accurate and transparent financial data. “With Financial Edge NXT, we now have a true nonprofit fund accounting solution that meets our organization’s size and needs,” said Greg Saay, controller. “It gives us the functionality we need allowing us to operate at our fullest potential!”
      • While in search of a powerful cloud funding solution that was backed by the full support of its manufacturer, Target ALS Foundation swiftly learned that Blackbaud was its perfect partner. “Financial Edge NXT is far more intuitive compared to everything else I looked at, Blackbaud fit the bill,” said Kenneth Devaney, treasurer. “They didn’t just sell me the solution, but helped us through implementing, developing and servicing the solution – Blackbaud is a full end-to-end provider.”

      Nonprofits across various sub-industries and sizes are adopting Financial Edge NXT, including Water.org, University of South Carolina, Vermont Public Radio, Westchester Day School, and Children’s Hospital of Pittsburgh of UPMC.

      To learn more about Financial Edge NXT, Raiser’s Edge NXT, Blackbaud SKY, or Blackbaud’s entire cloud portfolio, visit www.Blackbaud.com.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, 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
      media@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, including statements regarding expected benefits of products and product features. 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 customers; 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 products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products 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.

      Press Coverage Highlights for July 30 – Aug 12

      Our data,  expertise and more were featured in many prominent publications, such as The Huffington Post, Chronicle of Philanthropy, Pro Bono Australia, and Third Sector UK

      • Another One Percent Problem To Solve
        The Huffington Post — August 10
        According to Blackbaud’s 2015 Charitable Giving Report, overall giving was up 1.6 percent in 2015, compared to the online giving increase of 9.2 percent. So to respond to Mr. Sriskandarajah’s question, some of the tools necessary to smash the charitable industrial complex are already here – they can be found on the Internet.
      • Data and the Search for Big Donors
        The Chronicle of Philanthropy — August 2
        It commissioned Target Analytics, a data-consulting service run by the software company Blackbaud, to create a detailed statistical picture of contributors who had previously made very large gifts to the university. Target’s analysts used both the university’s information and outside data sets to look at myriad factors of a person’s life…
      • Disability Charity Wins Blackbaud Challenge
        Pro Bono Australia  — August 3
        An Australian charity has received a $10,000 donation to “power the passions of people with disabilities” as part of a global online. Disability Not for Profit Sylvanvale has won the Blackbaud $10K Challenge for the Asia Pacific region, an online competition hosted by global cloud software company Blackbaud.
      • NFP winner of the $10k challenge announced
        Third Sector UK — August 3
        The winner of the Blackbaud $10K challenge, an online competition hosted by cloud software company Blackbaud, has been unveiled. The Sydney-based charity Sylvanvale was the winner presented with a cheque for $10,000 from Blackbaud, as a result of their ‘Making Passions Come to Life’ submission, which told a story about the impact a donation of this kind could have on the lives of people with disability.
      • “What’s hot in year-end fundraising” Webinar Transcript
        Big Duck Blog— August  2
        Some of them are tactics that are becoming very, very widespread. The first is the use of emojis. This is something that is an observation that came from Steve MacLaughlin, the director of analytics at Blackbaud. Every year he does analysis of hundreds of emails subject lines. I believe that he analyzed 450 subject lines this last year, and while it wasn’t an overwhelming trend, there was definitely an uptick in the use of emojis.

      Blackbaud Announces 2016 Second Quarter Results

      Strong Execution Drives 15.3% GAAP Revenue Growth;
      Non-GAAP Organic Revenue Growth Accelerates to 9.4%

       

      Charleston, S.C. (August 1, 2016) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced financial results for its second quarter ended June 30, 2016.

      “Execution against our strategic plan is driving strong and balanced revenue growth across our portfolio,” said Mike Gianoni, Blackbaud’s president and CEO. “Our next generation solutions are widening the gap between Blackbaud and the competition, positioning us well for future growth, and ultimately delivering greater value for our customers.”

      Second Quarter 2016 Results:

      • Total GAAP revenue was $180.2 million, up 15.3% from one year ago, with $141.5 million in GAAP recurring revenue, representing 78.5% of total revenue.
      • Total non-GAAP revenue was $182.0 million, up 14.7% from one year ago, with $143.3 million in non-GAAP recurring revenue, representing 78.7% of total non-GAAP revenue.
      • Non-GAAP organic revenue increased 9.4% and non-GAAP organic recurring revenue increased 11.5%.
      • GAAP income from operations decreased 1.8% to $14.2 million, with GAAP operating margin decreasing 140 basis points to 7.9%.
      • Non-GAAP income from operations increased 6.4% to $34.8 million, with non-GAAP operating margin decreasing 150 basis points to 19.1%.
      • GAAP net income increased 10.9% to $7.8 million, with GAAP diluted earnings per share up $0.02 to $0.17.
      • Non-GAAP net income increased 13.2% to $21.8 million, with non-GAAP diluted earnings per share up $0.05 to $0.46.
      • Cash flow from operations was $37.9 million, down from $43.3 million one year ago.

      “We posted another strong quarter, and we’re confident in our ability to achieve full year guidance which we’ve modified slightly for operating cash flow” said Tony Boor, Blackbaud’s executive vice president and CFO. “Our current non-GAAP financial guidance accelerates organic revenue growth, improves profitability, and increases cash flow for the full year when compared to 2015.”

      Company Highlights:

      • Released SKY Reporting™ for Raisers Edge NXTTM customers by leveraging Blackbaud SKYTM capabilities
      • The acquisition of Attentive.ly accelerated Blackbaud’s ability to integrate critical social media capabilities into its portfolio of solutions
      • Blackbaud opened a new Canadian office and training center in Toronto, Ontario
      • Released Blackbaud Success Assurance™ for Higher Education to bring a modern, end-to-end solution approach to higher education institutions
      • Named in Forbes’ Annual Fast Tech 25 list as one of this year’s fastest growing public tech companies, as well as Forbes’ 2016 Most Innovative Growth Companies ranking

      Dividend
      Blackbaud announced today that its Board of Directors has declared a third quarter 2016 dividend of $0.12 per share payable on September 15, 2016 to stockholders of record on August 26, 2016.

      Financial Outlook
      Updated full year financial guidance.

      • Non-GAAP revenue of $725.0 million to $740.0 million
      • Non-GAAP income from operations of $141.0 million to $147.0 million
      • Non-GAAP operating margin of 19.4% to 19.9%
      • Non-GAAP diluted earnings per share of $1.90 to $1.98
      • Cash flow from operations of $135.0 million to $145.0 million

      Blackbaud has not reconciled forward-looking full year non-GAAP financial measures contained in this news release to their most directly comparable GAAP measures, as permitted by Item 10(e)(1)(i)(B) of Regulation S-K. Such reconciliations would require unreasonable efforts at this time to estimate and quantify with a reasonable degree of certainty various necessary GAAP components, including for example those related to compensation, acquisition transactions and integration, tax items or others that may arise during the year. These components and other factors could materially impact the amount of the future directly comparable GAAP measures, which may differ significantly from their non-GAAP counterparts.

      Conference Call Details

      What:           Blackbaud’s Fiscal 2016 Second Quarter Conference Call

      When:          August 2, 2016

      Time:           8:00 a.m. (Eastern Time)

      Live Call:    1-888-461-2018 (domestic) or 1-719-457-2712 (international); passcode 132904.

      Webcast:     Blackbaud’s Investor Relations Webpage

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, 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.

       

      Investor Contact: Media Contact:
      Mark Furlong Nicole McGougan
      Director of Investor Relations Blackbaud Public Relations
      843-654-2097 843-654-3307
      mark.furlong@blackbaud.com 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 which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding: expectations that our revenue and operating cash flow will continue to grow and that our operating margins will continue to improve, and expectations that we will achieve our projected 2016 full year financial guidance. These statements 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: management of integration of acquired companies; uncertainty regarding increased business and renewals from existing customers; a shifting revenue mix that may impact gross margin; continued success in sales growth; risks related to our dividend policy and stock repurchase program, including the possibility that we might discontinue payment of dividends; 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. Blackbaud assumes no obligation and does not intend to update these forward-looking statements, except as required by law. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

       

      Non-GAAP Financial Measures
      Blackbaud has provided in this release financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP revenue, non-GAAP recurring revenue, non-GAAP gross profit, non-GAAP gross margin, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP diluted earnings per share. Blackbaud has acquired businesses whose net tangible assets include deferred revenue. In accordance with GAAP reporting requirements, Blackbaud recorded write-downs of deferred revenue to fair value, which resulted in lower recognized revenue. Both on a quarterly and year-to-date basis, the revenue for the acquired businesses is deferred and typically recognized over a one-year period, so Blackbaud’s GAAP revenues for the one-year period after the acquisitions will not reflect the full amount of revenues that would have been reported if the acquired deferred revenue was not written down to fair value. The non-GAAP measures described above reverse the acquisition-related deferred revenue write-downs so that the full amount of revenue booked by the acquired companies is included, which Blackbaud believes provides a more accurate representation of a revenue run-rate in a given period. In addition to reversing write-downs of acquisition-related deferred revenue, non-GAAP financial measures discussed above exclude the impact of certain items that Blackbaud believes are not directly related to its performance in any particular period, but are for its long-term benefit over multiple periods.

       

      In addition, Blackbaud discusses non-GAAP organic revenue growth, non-GAAP organic revenue growth on a constant currency basis and non-GAAP organic recurring revenue growth, which it believes provides useful information for evaluating the periodic growth of its business on a consistent basis. Each of these measures of non-GAAP organic revenue growth excludes incremental acquisition-related revenue attributable to companies acquired in the current fiscal year. For companies acquired in the immediately preceding fiscal year, each of these non-GAAP organic revenue growth measures reflects presentation of full year incremental non-GAAP revenue derived from such companies as if they were combined throughout the prior period, and it includes the non-GAAP revenue attributable to those companies, as if there were no acquisition-related write-downs of acquired deferred revenue to fair value as required by GAAP. In addition, each of these non-GAAP organic revenue growth measures excludes prior period revenue associated with divested businesses. The exclusion of the prior period revenue is to present the results of the divested businesses within the results of the combined company for the same period of time in both the prior and current periods. Blackbaud believes this presentation provides a more comparable representation of its current business’ organic revenue growth and revenue run-rate.

      Adoption and Satisfaction for Blackbaud’s Flagship Cloud Innovation Continues to Climb

      Nonprofits and education institutions correlate positive mission impact to Raiser’s Edge NXT’s advanced capabilities, including SKY Reporting

      Charleston, S.C. (August 1, 2016) — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today reported strong and continued momentum with Raiser’s Edge NXTTM, its smart cloud fundraising and relationship management solution, within just 12 months of general availability. The company also announced SKY Reporting™, its latest new cloud capability designed to bring the power of business intelligence to software in the social good space.

      Raiser’s Edge NXT, Blackbaud’s flagship fundraising and relationship management solution, was the first innovation powered by Blackbaud SKY™, the company’s highly-lauded cloud built exclusively for the social good community. Throughout the last 12 months, Raiser’s Edge NXT adoption and satisfaction has rapidly grown, while Blackbaud SKY was expanded to power many more solutions as part of the company’s leading cloud portfolio.

      “We believe best evidence that our R&D investments, our customer-centered innovation model, and our commitment to quality are working comes when the market speaks and tells us so,” said Kevin McDearis, executive vice president of Blackbaud Research, Delivery and Operations. “It’s been exciting to see so many new customers entering into partnership with Blackbaud by choosing Raiser’s Edge NXT, but what’s even more exciting is the remarkable results they tell us they’ve achieved. And among long-time customers who took advantage of our no-conversion path from our previous on-premises solution to Raiser’s Edge NXT, we’ve seen early evidence of noteworthy performance gains, including 15 percent higher donor retention, retained gift amounts increasing at a 52 percent higher rate, and 47 percent higher total gift retention, on average.”

      Organizations of all sizes are sharing how Raiser’s Edge NXT has helped them discover new opportunities to accelerate their missions. Examples:

      • Notre Dame de Namur University (NDNU), which provides professional and liberal arts programs that integrate community engagement, social justice and global peace, cited an average gift size increase of 881 percent. “Raiser’s Edge NXT has been a lifesaver, it helps my team ensure that we find the appropriate prospects to send to our major gifts team,” said Dino Hernandez, vice president for Advancement at NDNU. “By using the wealth rating system in Raiser’s Edge NXT, we were able to successfully meet with donors and confidently move them from a lower to a higher ask amount. One donor even went from $5,000 to $50,000!”
      • African Wildlife Foundation, which works to ensure the wildlife and wild lands of Africa will endure forever, saw improved fundraising performance. “Raiser’s Edge NXT is helping us achieve our mission by enabling us to bring in new prospects, engage ongoing donors, and easily see where we have gaps to fill and navigate through our portfolios to identify who can give more,” said Emily Gray, major gifts officer. “I have seen an increase in donations based on understanding the donor better – when they give, how they give, and how often they give. Raiser’s Edge NXT also gives us access to institutional knowledge and history, and helps me manage our giving chronologically and geographically.”
      • Water Mission, a Christian nonprofit that builds safe water solutions that break through the global water crisis, identified a massive opportunity to further scale the work to 100,000 more people in need. “Within minutes of turning on Raiser’s Edge NXT the built-in analytics identified a large number of constituents with the potential to give $1000 or more—constituents who did not yet have a relationship manager assigned,” said Rogers Hook, vice president of volunteer and investor partnerships. “Cultivating those opportunities would mean we can provide 100,000 more people with safe water for the rest of their lives!”
      • Bridge2Rwanda, which encourages foreign direct investment and creates opportunities for Rwandan students to study abroad, cites noteworthy productivity gains with Raiser’s Edge NXT. Anna Phillips, co-founder and director of Development said, “We have a small team and we are committed to keeping down administrative costs so being able to have a way where we can do this all in one system is key. Raiser’s Edge NXT allows me to increase efficiency and spend more face to face time with donors instead of on administrative tasks in order to keep up with all the info and the data. Spending as much time in front of the donors and increased efficiency allows us to be out there more and sharing our mission more, sharing the impact that our mission has on the lives of our students.”
      • Fanshawe College, one of Ontario, Canada’s largest colleges that serves close to a half a million people, lauds the role of Raiser’s Edge NXT in creating momentum around its five-year plan. “When we were first introduced to Raiser’s Edge NXT we almost started to cry because it gave us everything we needed to develop our program according to the five-year plan we had already created,” said Jason Drury, manager of Advancement Services. “Having mobile access was also extremely important to us, when fundraisers are out on the road or in meetings, they need to be able to turn their phone around and show donors exactly where their money is going, Raiser’s Edge NXT is helping us engage on an entirely new level.”

      New! SKY Reporting Brings Unprecedented Business Intelligence to Social Good Software

      Since its release last year, more than 10,000 customers are already experiencing the power of Blackbaud SKY™, the company’s modern, open cloud for the social good community. Thousands of rapid, innovative software updates have been made available to customers as part of Blackbaud’s commitment to building best practices into its solutions and keeping customers on the leading edge. Among the newest of many advanced capabilities powering Blackbaud’s cloud solutions is SKY Reporting.

      “Blackbaud SKY’s rapid innovation framework has enabled us to make thousands of updates to our cloud solutions in the last year while introducing new, advanced capabilities like SKY Reporting,” said Mary Beth Westmoreland, chief technology officer at Blackbaud.  “We designed SKY Reporting with the intention to bring business intelligence capabilities—often found in private sector software—to solutions that support nonprofits and other organizations leading the social good movement. Through a series of compelling dashboards and metrics, SKY Reporting offers customers easy-to-consume insights that help them efficiently track and analyze their overall performance, as well as quickly discover gaps and opportunities.”

      Blackbaud’s first generation of SKY Reporting, which promises to benefit both individual contributors and executives, was made available to all Raiser’s Edge NXT customers as part of a seamless update. The company collaborated with customers on use cases and researched tens of thousands of customer-created reports to deliver best-practices to the entire market and to dramatically speed up productivity related to reporting and analysis.

      “SKY reporting has definitely saved me time, and because it is user friendly, I am able to do much of the reporting and analysis myself,” said Andrew Schroeder of Sisters of Charity of the Blessed Virgin Mary. “I had previously relied on other staff to collect this kind of information. SKY Reporting has allowed me to better assess where our gifts are being designated and has enhanced my ability to engage donors before they reach the lapsed stage. I showed the software to our President and CFO and they were blown away by how quickly we could access our data and how clearly it was presented.”

      In Q4, the first generation of SKY Reporting will be available as part of Financial Edge NXT™ (financial management), Luminate Online™ (marketing), and Blackbaud’s K-12 ON products. The second generation of SKY Reporting will be available to Raiser’s Edge NXT customers in 2017.

      To learn more about Raiser’s Edge NXT, Blackbaud SKY, or Blackbaud’s entire cloud portfolio, visit www.Blackbaud.com.

      About Blackbaud
      Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, 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
      media@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, including statements regarding expected benefits of products and product features. 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 customers; 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 products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products 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.

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