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      The Blackbaud Index: The Go-To Resource for Charitable and Online Giving Trends

      The Blackbaud Index reported that overall charitable giving to nonprofits increased 1.9 percent while online giving increased 10.4 percent for the three months ending March 2017 compared to the same period in 2016.

      The Blackbaud Index provides the most up-to-date information on charitable giving today. Tracking approximately $23 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.

      To access The Blackbaud Index, subscribe to monthly email alerts, read about the methodology, or access special reports, visit www.blackbaud.com/blackbaudindex.

      Media Contact
      Nicole McGougan
      Public Relations
      843.654.3307
      media@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.

      Blackbaud Announces 2017 First Quarter Results

       First Quarter GAAP Revenue Growth of 8.5%; Non-GAAP Organic Revenue Growth of 7.4%;
      Reaffirms 2017 Full Year Financial Guidance

      Charleston, S.C. (May 1, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced financial results for its first quarter ended March 31, 2017.

      “The market remains strong, the pace of innovation we’re delivering is unmatched in our industry and we’re seeing very positive traction with our next generation cloud solutions, which are powering impressive results for our customers,” said Mike Gianoni, Blackbaud’s president and CEO. “Solid growth in subscriptions revenue continues to fuel recurring revenue growth, adding stability and predictability to our already strong business. Our non-GAAP organic subscriptions revenue grew 20 percent this quarter, and represented 64 percent of total revenue. And, our non-GAAP organic recurring revenue grew 12 percent, representing 83 percent of total revenue, a new all-time high for Blackbaud.”

      First Quarter 2017 Results Compared to First Quarter 2016 Results:

      • Total GAAP revenue was $183.6 million, up 8.5%, with $152.0 million in GAAP recurring revenue, representing 82.8% of total revenue, and $118.2 million in subscription revenue, representing 64.4% of total revenue.
      • Total non-GAAP revenue was $183.6 million, up 7.4%, with $152.0 million in non-GAAP recurring revenue, representing 82.8% of total non-GAAP revenue, and $118.2 million in subscription revenue, representing 64.4% of total revenue.
      • Non-GAAP organic revenue increased 7.4%, non-GAAP organic recurring revenue increased 11.9%, and non-GAAP organic subscription revenue increased 19.9%.
      • GAAP income from operations decreased 0.3% to $10.6 million, with GAAP operating margin decreasing 50 basis points to 5.8%.
      • Non-GAAP income from operations increased 7.6% to $34.0 million, with non-GAAP operating margin of 18.5% equal to prior year.
      • GAAP net income increased 84.6% to $11.5 million, with GAAP diluted earnings per share of $0.24, up $0.11.
      • Non-GAAP net income increased 10.8% to $21.7 million, with non-GAAP diluted earnings per share of $0.46, up $0.04.
      • Non-GAAP free cash flow was $3.5 million, an increase of $10.3 million.

      “We had a very solid start to the year,” said Tony Boor, Blackbaud’s executive vice president and CFO. “Execution against our strategic plan allowed us to post solid results for the quarter, and positions us well to achieve our full year financial guidance and long term aspirational goals”

      An explanation of all non-GAAP financial measures referenced in this press release, including Blackbaud’s definition of free cash flow, is included below under the heading “Non-GAAP Financial Measures.” A reconciliation of the company’s non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

      Recent Company Highlights:

      Visit www.blackbaud.com/press-room/ for more information about Blackbaud’s recent highlights.

      Dividend
      Blackbaud announced today that its Board of Directors has declared a second quarter 2017 dividend of $0.12 per share payable on June 15, 2017 to stockholders of record on May 26, 2017.

      Financial Outlook
      Blackbaud today reaffirmed its 2017 full year financial guidance.

      • Non-GAAP revenue of $775 million to $795 million
      • Non-GAAP income from operations of $155 million to $163 million
      • Non-GAAP operating margin of 20.0% to 20.5%
      • Non-GAAP diluted earnings per share of $2.06 to $2.18
      • Non-GAAP free cash flow of $120 million to $130 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 2017 First Quarter Conference Call

      When:          May 2, 2017

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

      Live Call:    800-967-7149 (domestic) or 719-386-0002 (international); passcode 732627.

      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 managementdigital marketingadvocacyaccountingpaymentsanalyticsschool management, grant managementcorporate 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, 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 2017 full year financial guidance and long-term aspirational goals. 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.

      Trademarks
      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, non-GAAP subscriptions revenue growth 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.

      Non-GAAP free cash flow is defined as operating cash flow less capital expenditures, including costs required to be capitalized for software development, and capital expenditures for property and equipment.

      Blackbaud uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Blackbaud’s ongoing operational performance. Blackbaud believes that these non-GAAP financial measures reflect the Blackbaud’s ongoing business in a manner that allows for meaningful period-to-period comparison and analysis of trends in its business. In addition, Blackbaud believes that the use of these non-GAAP financial measures provides additional information for investors to use in evaluating ongoing operating results and trends and in comparing its financial results from period-to-period with other companies in Blackbaud’s industry, many of which present similar non-GAAP financial measures to investors. However, these non-GAAP financial measures may not be completely comparable to similarly titled measures of other companies due to differences in the exact method of calculation between companies. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures.

      The Blackbaud Institute Uncovers Proven Strategies for Successful Monthly Giving Programs

      New study provides research-backed best practices for marketing,
      promoting, soliciting and fulfilling a sustained giving program 

      Charleston, S.C. (April 28, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the availability of a new report, “Sustainers in Focus Part 2: Proven Practices for Success,” featuring research-backed best practices for marketing, promoting, soliciting and fulfilling a sustained giving program. This highly-anticipated second installment of the Sustainers in Focus series released by the Blackbaud Institute for Philanthropic Impact shares strategies that have been proven to produce significant results for social good organizations based on rigorous research and analysis.

      “Until now the sector has only had anecdotal evidence about what might work to make a program successful, but this study explores variances in sustainer program returns across different organizations in different sub-sectors to determine the true research-backed best practices that have worked for real organizations,” said Chuck Longfield, Blackbaud’s chief scientist. “These are proven practices, not just advice that might work, that are shared in a clear, concise way to provide an easy-to-follow roadmap to success. They can be broadly applied and repeated to increase sustainer program performance across the entire sector.”

      In Part 1 of the series, “Sustainers in Focus: Uncovering the Value of Retained Revenue,” the Blackbaud Institute concentrated on showing the financial justification for sustainer giving as a strategic approach to building donor base stability and maximizing value. Part 2 documents the best practices for increasing sustainer program performance across the nonprofit sector.

      Six Proven Practices Uncovered by Blackbaud’s Sustainers in Focus Part 2 Report

      1. Ask new donors to give on a monthly basis.
      2. Convert multi-year, single donors to sustainers.
      3. Make monthly giving the website default.
      4. Use a credit card updater service and update invalid credit card data.
      5. Encourage donors to use electronic funds transfer.
      6. Steward your sustainers.

      “I have been building monthly giving programs for more than 35 years. Monthly giving programs remain one of the best ways for nonprofits to dramatically increase the lifetime value of their average donor,” said Harvey McKinnon, author of the report’s foreword and best-seller Hidden Gold. “In this report, you’ll see the practical strategies that can actually lead organizations to build a thriving monthly donor program…Its research-backed findings provide a proven recipe for success… If you, like me, are always searching for the most effective and efficient fundraising strategies, you’ll find Sustainers in Focus Parts 1 & 2 are invaluable companions.”

      For more information about the Blackbaud Institute, visit www.blackbaudinstitutue.com. To read the full findings on research-based best practices for sustained giving programs, download the report at www.blackbaudinstitute.com/sustainers.

      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.

      About the Blackbaud Institute for Philanthropic Impact
      The Blackbaud Institute drives research and insight to accelerate the impact of the social good community. It convenes expert partners from across the philanthropic sector to foster diverse perspectives, collective thinking, and collaborative solutions to the world’s greatest challenges. Using the most comprehensive data set in the social good community, the Blackbaud Institute and its partners conduct research, uncover strategic insight, and share results broadly, all in order to drive effective philanthropy at every stage, from fundraising to outcomes. Knowledge is powering the future of social good, and the Blackbaud Institute is an engine of that progress. Learn more, sign up for updates, and check out our latest resources at www.blackbaudinstitute.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. 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 related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; 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.

      Blackbaud’s Intelligence for Good™ Transforms Artificial Intelligence into Impact

      Software leader’s approach to AI, analytics, big data and expertise proves itself with billions in
      funding opportunities, millions of advocates identified for nonprofits and other social good organizations

      Charleston, S.C. (April 27, 2017) — Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that its modern, unique approach to social good-optimized intelligence has already helped customers identify untapped funding sources, find potential new advocates and advance their missions faster and more effectively. With an extensive long-term innovation roadmap around Intelligence for Good, the company anticipates these strong results to not only continue, but grow in scale and momentum.

      “Our customers – nonprofits, foundations, education institutions, hospitals and more – all are working to build a better world,” said Kevin McDearis, Blackbaud’s chief products officer. “We believe they deserve artificial intelligence and analytics as powerful as their ambitions. No other company can offer the wholly social good-optimized artificial intelligence and analytic capabilities that Blackbaud does through Intelligence for Good.”

      The New Conversation about Artificial Intelligence

      Company leaders underscored Blackbaud’s commitment to innovation powered by artificial intelligence while also pointing customers to the need for a comprehensive, industry-tailored approach.

      “There’s a lot of talk about artificial intelligence (AI) right now,” said Steve MacLaughlin, Blackbaud’s vice president of data and analytics strategy. “That’s exciting because AI has tremendous transformative potential, but at Blackbaud, it’s just the start of the conversation. We’ve been aggressively innovating our AI capabilities, and we’re also doubling down on our leading-edge analytics, designing solutions with sector-specific expertise and growing our exclusive big data assets, because this conversation is so much bigger than just AI. When you put it all together, the social good community gets an unmatched advantage. That’s what we’re doing with Intelligence for Good.”

      The Science behind Blackbaud’s Intelligence for Good

      Blackbaud’s Intelligence for Good is a comprehensive approach combining:

      ●   Exclusive big data specific for social good: Blackbaud offers unique access to substantial social good-specific big data, including the world’s largest database on philanthropic trends.

      ●   Data science expertise of Blackbaud’s Social Good Scientists: A team of data scientists with deep expertise with the unique needs of social good organizations like nonprofits, museums foundations, hospitals, schools and educational institutions.

      ●   Artificial Intelligence: Blackbaud embeds AI directly in its cloud solutions through SKY AI™ (powered by Blackbaud SKY™, the company’s integrated, open cloud capabilities).

      ●   Analytics: Blackbaud’s advanced analytics transform data into meaningful insights, which are seamlessly embedded in the company’s cloud software through SKY Analytics™ and visualized in intuitive reports with SKY Reporting™. And Blackbaud’s Target Analytics™ serves some of the world’s most influential organizations with sector-leading analytics services.

      Proven Results Already Advancing the Social Sector

      Blackbaud’s Intelligence for Good capabilities have already helped customers identify over $3 billion in unrealized fundraising opportunities. And on any given day, more than 40 million descriptive tags with prescriptive recommendations light up in dashboards for customer action.

      “Our major gift officers now believe that these predictive analytics can get them in to the right living rooms to sit with the right people that really want to make a difference by donating to the University,” said Margaret Williams, director of prospect research for University of South Dakota Foundation, who leveraged Blackbaud’s Intelligence for Good capabilities through Target Analytics in support of a $250 million fundraising campaign.

      Another customer, Water Mission, reported that within minutes of going live on Raiser’s Edge NXT™, the Blackbaud cloud solution (which leverages embedded SKY AI and SKY Analytics capabilities) identified new constituents with the potential to give $1,000 or more, representing nearly $1 million in potential new revenue for the organization — enough to provide 100,000 more people with safe water for the rest of their lives.

      Intelligence for Good is also powering marketing and advocacy work. Blackbaud’s social listening capabilities leverage SKY AI and SKY Analytics to analyze data from social intelligence across 100+ social networks so customers can identify the social influencers to prioritize in campaigns. These capabilities have already identified millions of people highly engaged on social media that are likely to be passionate about customers’ causes.

      “We have an ambitious vision for what we can do in the future as we seek to power an ecosystem of good through leading-edge artificial intelligence and analytics,” said Carrie Cobb, Blackbaud’s vice president of data science. “But our Intelligence for Good capabilities are much more than a vision. They are already making a real difference for our customers today. And what we’re showcasing today is just the tip of the iceberg.”

      An Expansive, Forward-Looking Investment in Innovation

      Blackbaud plans to continue to build on this set of capabilities, both embedded in its cloud solutions through SKY AI and SKY Analytics and offered through its Target Analytics offerings, with enhancements ranging from increased natural language processing capabilities to new predictive tools incorporated in software roadmaps for 2017 and 2018 across a variety of the company’s solutions.

      For more information, visit www.blackbaud.com/IntelligenceForGood.

      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.

      Blackbaud 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. 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 related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; 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.

      Blackbaud Reinforces Commitment to Strengthen Its Global Footprint

      Software and Services Leader appoints two veteran sales executives
      to drive strategic growth, strengthen market share and better serve customers

      Charleston, S.C. (April 25, 2016) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that Patrick Hodges has been promoted to senior vice president of global sales and joined the company’s Executive Leadership Team. Blackbaud also announced that seasoned executive Jeff Moses joined as vice president of sales for its general markets group, which was effective April 18.

      Patrick Hodges Named Blackbaud’s Senior Vice President of Global Sales
      Reporting directly to President and CEO Mike Gianoni, Patrick Hodges will lead Blackbaud’s overall sales strategy and global sales operating model. Hodges will be accountable to drive sales excellence across vertical and horizontal markets, oversee Blackbaud’s growing presence in regional engagement centers across North America, strengthen the company’s international footprint and architect a cohesive sales process and experience across market groups to optimize performance and customer experience. He will also drive accountability and consistency in key operational areas including metrics, sales process, compensation, training, professional development and customer engagement.

      In his previous role as Vice President of Sales, Hodges led Blackbaud’s fastest growing sales unit for nearly four years. He served in various sales leadership roles prior to joining Blackbaud in 2001 and has a bachelor of business administration from the University of Georgia. “To fully capitalize on Blackbaud’s rapid growth and recent expansion into adjacent markets, we intend to increase our focus on sales velocity and effectiveness,” said Mike Gianoni, Blackbaud president and CEO. “Patrick brings nearly two decades of sales acumen and a deep understanding of our customers to this role. He has the depth and breadth of experience to increase market share and drive healthy topline growth while delivering a leading customer experience.”

      Jeff Moses Joins Blackbaud as Vice President of Sales, General Markets Group
      Blackbaud also announced that Jeff Moses has joined the company to lead the General Markets sales business. Moses, who brings more than 25 years of sales experience to Blackbaud, will report to Kevin Mooney, president of Blackbaud’s General Markets Group. Most recently Moses served as senior vice president and general manager for Informatica’s cloud business. Prior to Informatica, he had successful careers at leading software companies such as SAP and Oracle, as well as emerging and vertical software providers. In his last role at SAP, Moses was chief operating officer and senior vice president of the customer engagement and commerce line of business; responsible for the operations and revenue goals of a $500 million business unit spanning North and South America.

      For more information about Blackbaud, 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

      Blackbaud Hosts Emerging Female Leader from Kenya as part of Fortune/U.S. State Department Global Women’s Mentoring Partnership Program

      Charleston, S.C. (April 25, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, is pleased to host an emerging entrepreneur mentee for this year’s Global Women’s Mentoring Partnership program facilitated by the U.S. State Department and Fortune. The company welcomes Philomena Mburu, founder and managing director of Phyna Consulting in Nairobi, Kenya, for two weeks of on-site mentoring with its executive leaders.

      The Fortune/U.S. State Department Global Women’s Mentoring Program connects emerging international businesswomen leaders with top American female executives. With the goal of providing the international women with the skills and experience to support growth and prosperity in their countries, the program begins in Washington, D.C., where they meet with senior women in government, business and the nonprofit sector. Their two-week onsite professional mentorships give them the opportunity to learn about building a business and critical leadership skills, and cultivate a valuable network of global professionals.

      Each program participant is assigned a female executive mentor to help the mentee develop skills, network with international leaders, share best practices and more. Mburu will be paired up with mentor Amy Lucia, Blackbaud’s vice president of Global Brand and Corporate Communications. During her two-week visit, Mburu will meet with Blackbaud executives, partner with Blackbaud innovation teams and meet prominent leaders in Charleston’s robust tech community on topics including: business planning and strategy, cultivating a thriving offshore technology practice targeting western companies, leadership development, marketing and branding, and more.

      “We’re proud to participate in this program to engage and support the future female leaders of tomorrow around the world,” said Mike Gianoni, Blackbaud president and CEO. “We look forward to collaborating and sharing our deep knowledge of growing a business Philomena. We hope to provide her the tools she needs and access to networks for strengthening her business and home community after the program concludes.”

      Phyna Consulting is a Kenya-based startup that specializes in providing software development services for western companies looking to expand their software development practices in a cost-effective way while contributing to the development of emerging workforces and economies. Mburu aspires to leverage her time with Blackbaud to gain insight that will expand her outsourcing practice to clients in North America, Europe, and Australia.

      “I want to thank Fortune and the U.S. State Department for selecting me to participate in this special mentorship program alongside so many other remarkable women leaders,” said Mburu. “Through this program and Blackbaud’s mentorship, I’ll be able to advance my business, and more importantly, to help educate and empower the women of Africa.”

      For more information about Blackbaud, 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

      Blackbaud Invites Change Agents to Baltimore for bbcon 2017, the Premiere Tech Gathering for Social Good

      Charleston, S.C. (April 13, 2017) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that bbcon 2017, the premiere tech gathering for organizations and change agents driving social good, will take place in Baltimore, October 17-19 at the Baltimore Convention Center.

      Each year bbcon convenes thousands of innovative professionals to share the latest insights, trends and innovation at the intersection of technology and social good. This year’s conference offers attendees the chance to:

      • Learn from industry-leading experts on how to push their practice in over 200 breakouts.
      • Participate in meaningful conversations with social good leaders and practitioners around the biggest challenges, opportunities, and trends in the sector.
      • Connect with technologists, marketers, administrators, fundraisers, and other social good professionals
      • Expand their vision by being the first to hear about transformative technology innovations coming from Blackbaud and its partners.
      • Get inspired by fresh new ideas and content – all designed specifically for the social good sector – with powerful keynotes, memorable experiences and more.

      Attendees will also have access to dedicated tracks for various roles and markets – from arts and cultural organizations and cause-based nonprofits to educational institutions, healthcare organizations, foundations, corporate giving and more.

      For more information and to register for the premiere tech gathering for organizations and change agents driving social good, visit www.bbconference.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. 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 related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; 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.

      Blackbaud Announces Date of First Quarter 2017 Financial Results

      Charleston, S.C. (April 11, 2017) – Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, will report its first quarter 2017 financial results on Monday, May 1 after the U.S. financial markets close for trading.

      In conjunction with this announcement, Blackbaud will host a conference call on Tuesday, May 2 at 8:00 a.m. ET to discuss the company’s financial results. A live webcast will be available and archived on Blackbaud’s investor webpage and to access this call, enter passcode 732627 after dialing 800-967-7149 (Domestic) or 719-386-0002 (International).

      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
      Mark Furlong
      Director of Investor Relations
      843-654-2097
      Mark.furlong@blackbaud.com

      Blackbaud CTO Mary Beth Westmoreland Named One of the Top 50 Most Powerful Women in Technology

      Charleston, S.C. (April 07, 2016) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that Mary Beth Westmoreland, Blackbaud’s chief technology officer, has been named one of the 2017 Top 50 Most Powerful Women in Technology by the National Diversity Council. This definitive list honors the most extraordinary female leaders, influencers and achievers impacting the technology industry.

      Mary Beth was recognized for her leadership in Blackbaud’s transformation to a cloud software company that is innovative, agile, and successful, for her mentorship to inspire other women and for her commitment to corporate citizenship. She was named alongside women executives from other leading software companies including Angela Ahrendts of Apple, Safra Catz of Oracle, Ana Corrales of Google, Peggy Johnson of Microsoft, Virginia Rometty of IBM and Sheryl Sandberg of Facebook.

      “I want to thank the National Diversity Council for the honor of being named an influential woman in tech alongside these amazing leaders,” said Mary Beth. “But it’s the work of our talented engineers, architects, designers and all of our staff that made this possible. They challenge and inspire me every day, and I’m proud to share this recognition with them. I’m excited to be a part of an innovative, purpose-driven team and company that is truly powering an ecosystem of good.”

      The National Diversity Council is a nonprofit organization committed to fostering a learning environment for organizations to grow in their knowledge of diversity and inclusion. The annual list recognizes female executives, influencers and achievers who contribute to the growth or strategic direction of their organization; demonstrate a commitment to corporate citizenship, integrity and ethical behavior; and serve as role models and mentors to inspire future generations of female professionals.

      For more information about Blackbaud, 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

      Blackbaud Names Jagtar Narula Senior Vice President of Corporate Strategy and Business Development

      Charleston, S.C. (April 4, 2016) — Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the promotion of Jagtar Narula to senior vice president of  corporate strategy and business development, which was effective March 31 upon the retirement of Charlie Cumbaa.

      Narula joined Blackbaud in 2014 as the leader of corporate financial planning and analysis, and investment strategy. He led many key initiatives, including work to define product profitability, strengthen forecasting, budgeting and financial reporting, and develop models to inform product investments and pricing decisions. As an instrumental member of the extended corporate development team, Narula steered the negotiations and due diligence for the mergers and acquisitions of WhippleHill, MicroEdge, Smart Tuition, Attentive.ly and AcademicWorks.

      Narula has also driven Blackbaud’s investor relations and business planning efforts, and led teams to achieve significant growth in financial analyst coverage. Most recently, he oversaw cross-company strategic planning initiatives to accelerate progress against Blackbaud’s short and long-term business goals.

      “Jagtar quickly proved himself a vital asset to our organization,” said Mike Gianoni, Blackbaud president and CEO. “He has served a pivotal role in leading our corporate teams and setting the corporate strategy, while also discovering and shepherding key acquisitions.”

      Prior to joining Blackbaud, Narula served as vice president of finance at Xerox Corporation. In this role, he was responsible for managing the financial performance of a global business of hardware and software solutions. Additional roles included vice president of acquisition operations and director of strategy, mergers and acquisitions. In these roles, Narula was responsible for corporate strategy development and acquisition execution and integration, including the largest acquisition in the corporation’s history. His past work to develop a pragmatic “build, buy, and partner” innovation strategy has informed his current role with Blackbaud.

      “I’m looking forward to leveraging my previous experience in private equity, M&A, corporate strategy and financial leadership roles to drive strategic and operational decisions for Blackbaud,” said Narula. “Blackbaud is the world leader in providing cloud solutions to nonprofits and the social good market, which has tremendous opportunity in front of it. I am excited to help shape the direction in providing value to our customers and growing the footprint of our business.”

      Prior to Xerox, Narula was a principal and vice president at Core Capital Partners, a $350 million technology industry focused private equity fund, and an assistant vice president on the technology, media and telecommunications team at GE Equity, the private equity investment arm of General Electric Company.

      Narula holds a bachelor of science in engineering from State University of New York College at Buffalo, and a master of business administration from The Wharton School at the University of Pennsylvania.

      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. 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 related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; 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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