New IDC Report: Blackbaud ranked in Top 100 Cloud Software Vendors

Blackbaud has once again been included in IDC’s “Worldwide Software as a Service and Cloud Software Market Shares, 2017: A Year of Expanding Platforms1” report, which was published earlier today. This IDC study examines the SaaS and cloud software market in 2017 and includes a list of the top 100 cloud software vendors by revenue.

Blackbaud ranked No. 24 for the second straight year on IDC’s list of “Top 100 Cloud Software Vendors by Revenue” and climbed two spots to No. 18 on IDC’s list of “Top 20 Worldwide SaaS Applications Revenue by Vendor.”

According to IDC, the worldwide SaaS and cloud software market grew by 26.2% in 2017, reaching $107.5 billion, and the leading 20 cloud software providers accounted for 49.1% of the cloud software market in 2017. Click here to purchase/download a copy of the report.

1(doc #US43821218, August 2018)

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

The Blackbaud Index reported that overall charitable giving to nonprofits increased 0.7 percent while online giving increased 8.1 percent for the three months ending June 2018 compared to the same period in 2017.

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 Manager
843.654.3307
nicole.mcgougan@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, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Blackbaud Announces 2018 Second Quarter Results

Second Quarter Recurring Revenue Grows 16% Representing 90% of Total Revenue;
Reaffirms 2018 Full Year Financial Guidance

Charleston, S.C. (July 30, 2018) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced financial results for its second quarter ended June 30, 2018.

“We’ve continued moving the business toward a subscriptions-based revenue model with our mix of recurring revenue now standing at 90 percent of total, a new all-time high for us,” said Mike Gianoni, Blackbaud’s president and CEO. “We announced our Cloud Solution for Faith Communities with the introduction of Blackbaud Church Management™ which is a massive market for us and a tremendous opportunity to deliver integrated, end-to-end cloud capabilities through a single, connected experience. Our Cloud Solution for Faith Communities takes full advantage of the rapid innovation, modern user experience and enhanced capabilities made possible by our Blackbaud SKY® platform. No one in the industry has taken this approach with a modern platform and customers are lining up to be a part of our early adopter program.”

Second Quarter 2018 Results Compared to Second Quarter 2017 Results:

  • Total GAAP revenue was $213.7 million, up 11.5%, with $192.7 million in GAAP recurring revenue, representing 90.2% of total GAAP revenue. GAAP recurring revenue was up 15.8%.
  • Total non-GAAP revenue was $214.6 million, up 11.8%, with $193.6 million in non-GAAP recurring revenue, representing 90.2% of total non-GAAP revenue. Non-GAAP recurring revenue was up 16.2%.
  • Non-GAAP organic revenue increased 4.8% and non-GAAP organic recurring revenue increased 8.0%.
  • GAAP income from operations decreased 31.2% to $11.4 million, with GAAP operating margin decreasing 330 basis points to 5.3%.
  • Non-GAAP income from operations increased 11.9% to $45.2 million, with non-GAAP operating margin increasing 10 basis points to 21.1%.
  • GAAP net income decreased 40.2% to $6.6 million, with GAAP diluted earnings per share of $0.14, down $0.09.
  • Non-GAAP net income increased 28.8% to $33.0 million, with non-GAAP diluted earnings per share of $0.69, up $0.15.
  • Non-GAAP free cash flow was $41.6 million, an increase of $9.8 million.

“We’ve been diligently executing a workplace strategy to better align our organizational objectives with our geographically diverse workforce in the second quarter,” said Tony Boor, Blackbaud’s executive vice president and CFO. “We moved into our new state-of-the-art world headquarters in Charleston, SC, and continued upgrading and expanding our satellite office locations to be more centrally located for employees and closer to customers. We expect to incur near-term before tax restructuring charges from $6 to $8 million through 2019 with future expected annual before-tax savings of between $3 and $4 million beginning in 2020. We’ve also seen solid gains in our sales productivity and plan to ramp sales hiring heading into the second-half of 2018 with the expectation that we won’t see material top-line return on these investments until 2019 and more fully in 2020.”

An explanation of all non-GAAP financial measures referenced in this press release 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 third quarter 2018 dividend of $0.12 per share payable on September 14, 2018 to stockholders of record on August 28, 2018.

Financial Outlook
Blackbaud today reaffirmed its 2018 full year financial guidance:

  • Non-GAAP revenue of $870 million to $890 million
  • Non-GAAP operating margin of 20.6% to 21.0%
  • Non-GAAP diluted earnings per share of $2.75 to $2.88
  • Non-GAAP free cash flow of $165 million to $175 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.

Reclassifications
Our revenue from “subscriptions” and “maintenance” and a portion of our “services and other” revenue have been combined within “recurring” revenue beginning in 2018. In order to provide comparability between periods presented, those amounts of revenue have been combined within “recurring” revenue in the previously reported consolidated statements of comprehensive income to conform to presentation of the current period. Similarly, “cost of subscriptions” and “cost of maintenance” and a portion of “cost of services and other” have been combined within “cost of recurring” in the previously reported consolidated statements of comprehensive income to conform to presentation of the current period. “Services and other” revenue has been renamed as “one-time services and other” and consists of revenue that did not meet the description of “recurring” revenue in the consolidated statements of comprehensive income. “Cost of services and other” has been renamed as “cost of one-time services and other” and consists of costs that did not meet the description of those related to “recurring” revenue in the consolidated statements of comprehensive income.

Adoption of New Revenue Accounting Standard
On January 1, 2018, we adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), using the full retrospective method of transition, which requires that the standard be applied to all periods presented. The impacts of adoption are reflected in the financial information herein. We have provided more detailed information regarding the impact of our adoption of ASU 2014-09 in a Form 8-K filed with the Securities and Exchange Commission on April 30, 2018. We have also made that information accessible via the Investor Relations section of our website.

Conference Call Details

What:           Blackbaud’s 2018 Second Quarter Conference Call

When:          July 31, 2018

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

Live Call:    800-289-0462 (US/Canada); passcode 367579.

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, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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 Public Relations Manager
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: the predictability of our financial results, expectations that our revenue will continue to grow, and expectations that we will achieve our projected 2018 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.govor 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 uses non-GAAP organic revenue growth, non-GAAP organic revenue growth on a constant currency basis and non-GAAP organic recurring revenue growth, in analyzing its operating performance. Blackbaud believes that these non-GAAP measures are useful to investors, as a supplement to GAAP measures, for evaluating the periodic growth of its business on a consistent basis. Each of these measures 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 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 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.

As previously disclosed, beginning in 2018, Blackbaud applies a non-GAAP effective tax rate of 20.0% when calculating non-GAAP net income and non-GAAP diluted earnings per share. The non-GAAP tax rate will be reviewed annually to determine whether it remains appropriate in consideration of Blackbaud’s financial results including its periodic effective tax rate calculated in accordance with GAAP, its operating environment and related tax legislation in effect and other factors deemed necessary. All 2017 measures of non-GAAP net income and non-GAAP diluted earnings per share included in this news release are calculated under Blackbaud’s historical non-GAAP effective tax rate of 32.0%.

 

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 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.

 

Blackbaud and Facebook Scale Online Giving to Bolster Event Fundraising

Leading tech companies team up to help social good organizations
extend the reach of their peer-to-peer fundraising events

Charleston, S.C. (July 26, 2018) — Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the general availability of the integration of its cloud fundraising and engagement solutions with Facebook’s fundraising solution. Blackbaud’s integration seamlessly enables the publication of Blackbaud TeamRaiser® fundraisers to Facebook, allowing event supporters to simultaneously solicit donations directly via their own social networks and their TeamRaiser webpages while helping nonprofits view and manage Facebook transactions within TeamRaiser.

Both companies announced this new capability last November, with early adopters JDRF, National Multiple Sclerosis Society and Susan G. Komen working alongside Blackbaud and Facebook.

“Blackbaud is the first and only cloud software company to leverage Facebook’s Fundraising API, which provides added value for our Luminate Online™ and TeamRaiser customers,” said Mary Beth Westmoreland, chief technology officer at Blackbaud. “We understand that managing fundraising between Facebook and other nonprofit technologies can be challenging for nonprofits, especially reconciling data with existing campaigns. Through this integration, Blackbaud delivers features to give nonprofits seamless access and centralized control over their Facebook fundraising tools, driving campaign awareness, maximizing participant fundraising and maintaining momentum even after events conclude.”

Facebook expands organizations’ fundraising networks while Blackbaud optimizes their fundraising strategy—all in one purpose-built place.

Using the Facebook integration, Blackbaud customers now have a simplified way to manage, process and record Facebook donations in Blackbaud TeamRaiser. The integration helps customers:

  • Improve participant and donor experience – participants can easily reach out to friends and family to reach their goals faster, with donations being made without leaving Facebook.
  • Raise more money, more efficiently – participants can fundraise simultaneously in both Facebook and TeamRaiser; donations will sync between both.
  • Increase reach and efficiency – Facebook Fundraisers are native content and given higher priority on newsfeeds; data is automatically updated in TeamRaiser.

“We’re excited to partner with Blackbaud to help nonprofits optimize their fundraising strategies,” said Emily Dalton Smith, director, Social Good Partnerships, Facebook. “Expanding to peer-to-peer fundraising events will help people generate more impact and even further support the causes they care about.”

Early feedback indicates improved donor experience, increased dollars raised and increased efficiency in managing campaigns across platforms:

“Being able to provide our Ride For Roswell participants with the option to integrate their personal fundraising pages with Facebook Fundraisers was a game changer for our 2018 event,” said Cindy Eller, executive director at Roswell Park Alliance Foundation. “One of our new riders received more than 20 gifts through Facebook within three days of integrating her fundraising page and another received more than 50 gifts and became one of our top fundraisers. These are just two examples that proves this new option was allowing our participants to better leverage their social networks in their fundraising efforts. We are also truly pleased that Facebook donations are processed within Luminate Online and update our participants’ TeamRaiser thermometers in real time. We’re excited by the possibilities of this tool and look forward to incorporating it into our other peer-to-peer fundraising events.”

This integration addresses an important need for Blackbaud customers: an automated, cost-effective and efficient way to leverage the reach of the Facebook platform to activate fundraisers while also managing, processing, and recording those donations directly in their Blackbaud solutions. Blackbaud intends to expand integration capabilities to its entire portfolio of cloud fundraising and engagement solutions in the future.

Discover best practices and case studies of nonprofits who are successfully using Facebook Fundraisers by watching the on-demand Blackbaud webinar.

Click to tweet: .@Blackbaud and @Facebook team up to help #socialgood orgs extend the reach of their P2P #fundraising events https://blkb.co/2LbOh1a

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Blackbaud Media Contact
Nicole McGougan
Public Relations Manager
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 Unveils Innovative New Benchmarking Capabilities in Raiser’s Edge NXT

Social good software leader leverages unmatched data and insight to add the market’s most
comprehensive benchmarks to flagship fundraising solution

Charleston, S.C. (July 25, 2018)Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the release of new benchmarking capabilities in Raiser’s Edge NXT™, its flagship cloud fundraising and relationship management solution. Since announcing its unique approach to AI, analytics, big data and expertise—Intelligence for Good®—in 2017, Blackbaud has continued to deliver powerful analytical capabilities and resources by harnessing the power of its exclusive data assets.

“Blackbaud is committed to enabling our customers to thrive and be as effective as possible within the Ecosystem of Good,” said Kevin McDearis, chief products officer at Blackbaud. “This commitment is not just about enhancements to software—it’s about equipping the entire social good community to drive more impact. Impact starts with data, and Blackbaud offers the industry’s most robust, proven set of data analytics designed specifically for social good that drive meaningful outcomes for our customers. The new benchmarking capabilities within Raiser’s Edge NXT are another way we’re committed to leveraging our unmatched data and insights to equip our customers to work more effectively and capitalize on more opportunities.”

Raiser’s Edge NXT’s prescriptive and predictive analytics have already served up over $4.5 billion in potential fundraising opportunities for Blackbaud customers. The new benchmarking capabilities complement the existing SKY Reporting™ functionality in Raiser’s Edge NXT, giving customers the ability to compare their performance in key aggregated fundraising metrics against  like peer organization profiles. These benchmark capabilities will provide customers insight into their performance and help quantify the value of improving performance, referencing specific tools in Raiser’s Edge NXT to help drive growth. Additionally, the interactive benchmarks will guide users to built-in reports as well as best-practice resources published by the Blackbaud Institute for Philanthropic Impact™.

With Blackbaud’s Benchmarking Capabilities in Raiser’s Edge NXT, customers can:

  • Measure their fundraising performance with a standardized set of common fundraising metrics, including automated data analysis, calculation and presentation.
  • Understand the revenue opportunity associated with improving performance so they can focus efforts on the highest return-on-investment opportunities.
  • Work more effectively with integrated performance metrics that are completely automated at their fingertips.

Satisfaction for Blackbaud’s flagship cloud innovation continues to climb with social good organizations correlating positive mission impact to Raiser’s Edge NXT’s advanced capabilities:

  • “Having the benchmarks and recommendations right inside of Raiser’s Edge NXT is very helpful; we can use it to help our fundraisers focus on the right areas,” said Christopher LeBlanc at Maricopa Community Colleges Foundation in Tempe, Ariz.
  • “The capability to compare our performance to other nonprofits is an exciting, useful resource for our sector,” said Nell Saunders-Scott at The Parenting Place in La Crosse, Wis.

Learn more about benchmarking for Raiser’s Edge NXT by watching the on-demand Blackbaud webinar.

Click to tweet: Blackbaud adds industry’s largest and most diverse group of fundraising benchmark capabilities to Raiser’s Edge NXT https://blkb.co/2uQ9Drk

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Media Contact
Nicole McGougan
Public Relations Manager
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.

Blackbaud Named to Forbes Best Employers for Women 2018 List

Charleston, S.C. (July 24, 2018)Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced it has been named to Forbes America’s Best Employers for Women 2018 list. Blackbaud was specifically recognized in the IT/Internet software category for excellence in diversity, pay equity, professional development, family support and more.

“On behalf of our 3,400 employees around the world, we are honored to be named by Forbes to this important list,” said John Mistretta, executive vice president, Human Resources at Blackbaud. “This recognition is an encouraging acknowledgement of our committed focus on diversity and validates Blackbaud’s steadfast efforts to create an environment that enables women—and all employees—to realize their full potential, feel valued and do their best work. As a technology company, we are proud of the equal gender balance in our workforce, yet we know there is still progress to be made. By fostering a culture in which we live our values and promote diversity, inclusion and equality in the workplace, we are able to better support the diverse ecosystem of social good that we serve.”

Blackbaud’s diversity program has been a focused and continually expanding effort, spanning education, awareness, recruitment, empowerment, community involvement and financial support. Many of Blackbaud’s female leaders give back to their communities, sharing their expertise in support of many important organizations and causes, including participation in the Global Women’s Mentorship Partnership program facilitated by the U.S. State Department and Fortune magazine; Camp Blackbaud STEM program for undeserved youth; Charleston Women in Tech; Impact Austin, a women’s philanthropic giving circle making major grants to nonprofits; the Women’s Impact Initiative; and more.

The Forbes Best Employers for Women list is based on an independent survey from a sample of 40,000 U.S. employees working for companies employing at least 1,000 people in their U.S. operations. Earlier this year, Forbes also named Blackbaud one of “America’s Best Employers for Diversity.” Blackbaud has also been recognized as one of Forbes’ “Best Mid-Size Employers” for three consecutive years and one of Forbes’ “Most Innovative Growth Companies.” In 2017, Blackbaud was named a Rising Star on Fortune’s prestigious “Change the World” list.

To hear from some of the women who make Blackbaud great, click here.

Click to tweet: .@blackbaud named to @Forbes’ “America’s Best Employers for Women 2018” list. https://blkb.co/2uOXZMp

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Blackbaud Media Contact
Nicole McGougan
Public Relations Manager
843.654.3307
media@blackbaud.com

Why Blackbaud is a Great Workplace for Women

On July 24, Blackbaud was named to the Forbes America’s Best Employers for Women 2018 list. Blackbaud was specifically recognized in the IT/Internet software category for excellence in diversity, pay equity, professional development, family support and more. We asked several of the many women who make Blackbaud great why they think Blackbaud is a great workplace. Here is what they had to say:

 

“Working at Blackbaud is so rewarding because I’m working side-by-side with others that are driven at their core to make the world a better place. With its focus on serving the social good space and wide array of diversity, family support, mentorship and professional growth programs, Blackbaud has been a spectacular place to build my career and know I’m making a real impact to further our customers’ missions every day. The women across Blackbaud are a strong and positive force that helps fuel the impactful work we do to drive more good. The spectrum of opportunities we have to connect, support and build the next generation of female leadership is setting a concrete example that benefits all of Blackbaud and the broader social good community.”

                                               Tiffany Crumpton, Director of Marketing, Blackbaud Higher Education Solutions

 

“Through our work in the social good community I know that when I come to work each day I am making a difference. Our customers all have unique and challenging missions; working with them to achieve their goals is why I came to work at Blackbaud and why I continue to enjoy being here after 10+ years. We value our employees and those values come through in the way we are promoting and encouraging our female leaders. We are a company that values respect and I have consistently seen that at play in interactions with employees of all genders.”

Page Bullington, Acting President and General Manager, Blackbaud Healthcare Solutions

“Working for Blackbaud has given me the opportunity to lead a team of dedicated professionals that deliver quality services with outcomes that impact our customers’ missions, allow them to gain efficiencies and ultimately raise more for their causes that truly makes this world a better place. The women at Blackbaud positively impact the meaningful and rewarding work we contribute daily to social good organizations, and in doing so create a strong sense of teamwork. The qualities exemplified at Blackbaud make it a great place to work, regardless of gender, as we work and collaborate as one team.”

                                             Amy Chase, Vice President of Professional Services

 

“My favorite Blackbaud value is ‘We Give Back.’ Blackbaud offers opportunities to employees, they encourage volunteering and they give to our communities. The base of everything we do is helping others and I couldn’t ask for a better company to work for. Blackbaud allows for growth and opportunity for all employees and they respect that with inclusion comes creativity and productivity. As a woman at Blackbaud, I am confident that my team and leadership value my expertise and skill set.”

Jill Galloway, Principal Program Manager, Software Engineering

 

“Blackbaud is a company that is so full of heart. We care, every day, about helping others do good in the world, and we also seek to do good ourselves. I tremendously value working for a company that offers great career opportunities that are so full of meaning. Ever since I walked in the door, I have been evaluated—and valued—based on the impact I make. This is incredibly important to me, as is the fact that I have been able to have a fulfilling, challenging career while raising kids and being active in the community. Often, when I mentor people, this is what conversations focus on—how to balance all the parts of life that are important. We are fortunate, at Blackbaud, that this is not just possible, but a true reality.”

                                             Rachel Hutchisson, Vice President, Corporate Citizenship and Philanthropy

 

“It is shown that exceptional work cultures for women also produce outstanding workplaces for all employees. Blackbaud’s inclusive culture means every employee is deeply supported in their personal and professional growth, enabling long, productive careers. And by emphasizing the daily engagement and long-term fostering of Blackbaud’s community of women, Blackbaud will experience higher performance and a stronger slate of future leaders.”

Catherine LaCour, Chief Marketing Officer

 

“I’m privileged to work for a company that sets out every day to help organizations achieve their missions and constantly gives back to the community. My team inspires me each and every day—that’s what I love most, working with passionate individuals that are caring, love what they do and always strive to be the best they can be. It’s the diversity, passion and heart that our female leaders both local and abroad bring to the table that’s most inspiring. Blackbaud empowers us to share our ideas, have a voice at the table and most importantly share our passion for what we do and the sector we serve.”

Lidia Lal, Senior Marketing Manager, Blackbaud Pacific

 

“I love leading at Blackbaud because it is filled with over 3,400 people who are deeply passionate about empowering the world’s change-agents to do more than they thought was possible. Blackbaud is a great place to work because it encourages big thinking, disruptive innovation and customer centricity. And it’s a great place to grow a career because ALL people are respected and encouraged to ‘go big’ and realize their full potential.”

Amy Lucia, Vice President, Corporate Marketing

 

“Blackbaud’s commitment to diversity and gender equality is evidenced through its recruiting programs, the ‘Women in Technology’ summits led by female executives, and the career development programs focused on advancing female employees into leadership positions. I have benefited from the guidance and council of several of our amazing women leaders, and am grateful to have such talented and dedicated women to look to.”

Christine Newman, Sr. Manager, Content Strategy

 

“I love working at Blackbaud because it gives me a sense of purpose. Blackbaud is the only technology company fully committed to creating a scalable ecosystem of good. Being part of a journey that makes the world a better place is inspiring. Blackbaud is a great workplace for women because it not only checks many of the boxes for tangible benefits, such as flexible schedules and 401K plans, but it also offers many intangibles that help women advance their careers: committed executive sponsors, mentors and advancement opportunities.”

Maria Simon, Relationship Manager

 

“Blackbaud’s higher purpose–Blackbaud believes the world will be a better place when good takes over–is fulfilling and motivating. It gives me purpose, which helps keep me motivated to come into work every day and do my best. Also, Blackbaud is an innovative company that is leading the way in cloud technology for social good—it’s exciting to be a part of a company that is leading versus following. Blackbaud helps foster a positive work environment for women by: making an effort to ensure everyone, regardless of gender, is treated with respect; supporting women affinity groups; supporting families with flex time and more. Blackbaud is driving conversations and initiatives to consider the issues women face in the workplace and is actively working to bring in more diverse leaders.”

Caroline Stallings, Director of Strategic Communications

 

“We are reinventing our solutions, technology and company and powering good through a new generation who want to make our world better—how cool is it to work for a truly progressive and innovative tech company and to help social good organizations drive impact that will change the world? And have fun doing it? The people I get to work with are some of the brightest, passionate and committed folks I’ve ever known. From the highest levels of the company, Blackbaud is committed to a culture of inclusion. The programs we’ve created to recruit, mentor, develop and connect folks are just getting started. And, we regularly review benefits and compensation data to ensure we are consistent and fair.  I also think we’re doing something really special at Blackbaud by nurturing a strong, connected community of women who lift each other up. I’ve never worked with so many women that have such a deep commitment to each other’s success.
It’s really inspiring and definitely one of the reasons I love working here.”

Mary Beth Westmoreland, Chief Technology Officer

 

 

 

 

Award-Winning Actor and Humanitarian Blair Underwood to Headline bbcon 2018

Premier tech gathering for social good promotes best practices, innovative thinking
and radical collaboration with leading experts from across the industry

Charleston, S.C. (July 24, 2018)Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced that Blair Underwood will join the keynote lineup for bbcon 2018, the premier tech gathering for organizations and change agents driving social good that will be held October 9-11 at the Gaylord Palms Resort & Convention Center in Orlando, Fla.

“We are thrilled to have Blair Underwood join us for bbcon 2018,” said Catherine LaCour, Blackbaud’s chief marketing officer. “Each year bbcon convenes thousands of change agents to share the latest insights, trends and innovation—from fundraising and marketing strategies, to best practices for accounting and stewardship, to technology advancements and more. Blair’s involvement in numerous charitable organizations genuinely reflects a passion to help good take over and attendees will benefit from his unique perspective as a public advocate and spokesperson, producer of the philanthropy-centered NBC series ‘Give,’ and philanthropist and co-founder of international nonprofit organization Artists for a New South Africa.”

A true multi-hyphenate, Blair Underwood is enjoying success in film, television and theatre as an actor, director and producer. Onscreen, he was most recently seen as a series regular on ABC series, Quantico. Prior to his role on “Quantico,” Blair recurred on another hit ABC drama, “AGENTS OF S.H.I.E.L.D.” His past television credits feature several series, including “L.A. Law”, “New Adventures of Old Christine,” “In Treatment,” “Dirty Sexy Money,” and “The Event.” His film credits include “Rules of Engagement,” “Madea’s Family Reunion” and “Full Frontal.” He co-starred opposite Cicely Tyson in the Lifetime telefilm, “A Trip To Bountiful,” based on the Tony award winning play. In 2012 he made his acclaimed Broadway debut in the iconic role of Stanley in Tennessee Williams’ “A Streetcar Named Desire,” for which he earned a 2012 Drama League Distinguished Performance Award nomination.

He will next be seen in two feature films, both debuting on Netflix later in 2018: “The After Party,” for writer/director Ian Edelman, and “Juanita,” for director Clark Johnson, in which he stars opposite Alfre Woodard. Underwood also has several projects in the development pipeline as a director, including “Patch,” an elevated genre feature based on a Gregg McBride script.  In 2010 Underwood made his feature film directing debut with “The Bridge to Nowhere,” which starred Ving Rhames, Danny Masterson, Bijou Phillips and Alex Breckenridge.

Underwood is an Emmy Award winner (as producer of the philanthropy-centered NBC Saturday morning series, “Give”), a two-time Golden Globe Award nominee, and has been nominated for 17 NAACP Image Awards (three wins). He won a Grammy for Best Spoken Word as co-narrator of “An Inconvenient Truth” and is a newly minted member of the Academy of Motion Picture Arts and Sciences. Underwood received the Humanitarian Award for his work with the Los Angeles chapter of the Muscular Dystrophy Association. He co-founded Artists for a New South Africa and also served as a spokesperson for YouthAIDS. Underwood is on the Board of Governors of Love Our Children USA, and appeared in a public service announcement for the Fulfillment Fund.

“Blackbaud’s bbcon 2018 conference is an inspiring event that unites thousands of people who share a commitment to using technology to make a powerful impact in the world,” said Underwood. “I’m honored to join this important event and look forward to trading stories with this inspiring community of professionals who dedicate their day jobs to making the world a better place.”

Attendees will also have access to dedicated content for various roles and markets—from nonprofits and arts and cultural organizations to faith communities to education institutions, healthcare organizations, foundations, companies and more. “Data, catalyzing the power of the individual and true collaboration—we believe these three factors will drive momentum in the social economy, ultimately making it possible for organizations and individuals working for good to do so more effectively,” LaCour added. “We are excited to focus on these themes throughout the conference so attendees leave even more prepared to tackle the world’s biggest problems.”

For more information or to register, visit www.bbconference.com. Follow the conference news on Twitter with #bbcon or on Facebook at www.facebook.com/blackbaud.

Click to tweet: Award-Winning Actor and Humanitarian @BlairUnderwood to Headline Premier Tech Gathering for Social Good #bbcon @blackbaud https://blkb.co/2KS6UYA

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Media Contact
Nicole McGougan
Public Relations Manager
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.

With Landmark Announcement, Blackbaud Signals Groundbreaking Transformation in Church Technology Landscape

Cloud Software leader expands church offerings and announces the Cloud Solution for Faith Communities;
end-to-end church capabilities can now consolidate 8-12 systems

Charleston, S.C. (July 19, 2018) — After decades serving the faith community, Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the Cloud Solution for Faith Communities with the introduction of Blackbaud Church Management™. With this move, Blackbaud now provides integrated, end-to-end cloud capabilities that enable churches to digitally transform their day-to-day operations through a single, connected experience. The announcement was made in conjunction with Blackbaud’s participation in the Church Network Annual Conference, currently underway in New Orleans.

“Our goal is to help church leaders drive vitality and care for their congregations with easy-to-use, scalable solutions for churches of all sizes,” said Mike Gianoni, Blackbaud president and CEO. “The Cloud Solution for Faith Communities does just that; bringing our historical strengths—namely financial management, fundraising and CRM, marketing and analytics—together with our new Blackbaud Church Management capabilities. This means churches will finally have a comprehensive, modern cloud solution built for the way they work from a single, accountable provider who can help them reduce their IT footprint by eight to 12 systems.”

Blackbaud Church Management at a Glance

Thousands of organizations in the faith community, including churches, currently benefit from Blackbaud’s capabilities. The company’s newest capability set, Blackbaud Church Management, offers the ability to track gifts and tithing, assimilate new members, directly communicate with their congregations via multi-channel communication, enable members to make online and mobile contributions, manage small groups and volunteers, implement secure child check-in, conduct background checks, provide bulk tax statements, manage facilities, and more. Churches can also add other Blackbaud capabilities from the new Cloud Solution for Faith Communities as their needs scale—all through one integrated experience, which is powered by Blackbaud SKY®, Blackbaud’s platform for social good cloud innovation.

“Part of the ministry of the church is to be able to connect well with our attendees, to meet their needs and get them connected to the life of the church,” said Kert Parsley, chief operations officer at James River Church in Springfield, Mo. “As a large multi-site church, for several years we looked at a variety of vendors but never felt we had one who could meet all our needs and reduce the multiple software systems that we were using. Blackbaud’s church management solution has risen to the top and met that challenge. Their team has a collaborative approach and we are looking forward to this new all-inclusive cloud solution.”

The Cloud Solution for Faith Communities: Church Management and So Much More

Blackbaud’s Cloud Solution for Faith Communities, which includes church management, fundraising and relationship management, financial management, marketing, and analytics, is built to enable churches to drive meaningful relationships, a connected church and effective ministry. Key outcomes include enabling churches to:

  • Strengthen relationships with congregations through automated workflows, increase engagement with small groups and events, and gain insight with unmatched analytics and reporting
  • Connect and better serve their staff, volunteers, and congregants with one holistic system
  • Care for their congregation with safe check-in, smooth registration and more
  • Save time and work more effectively with specialized capabilities for each church’s ministries
  • Manage and demonstrate financial accountability while securely managing multiple channels to make giving, pledging and dues simple for congregations

“Current market offerings are not meeting the comprehensive needs of churches both large and small—and given the positive impact made by faith communities, Blackbaud intends to transform the status quo in partnership with the church community,” said Kevin Knight, president and general manager, Blackbaud Faith Solutions. “Our proven expertise in cloud software for social good, our commitment to listening to the market and our expert staff who come from the church space uniquely position us to provide church leaders with an unmatched experience that addresses all their unique needs and breaks the mold of typical church software solutions.”

To learn more about how Blackbaud is changing the landscape of church technology and the Cloud Solution for Faith Communities, visit Blackbaud’s booth (#611-613) in the exhibit hall during the Church Network Annual Conference or visit hello.blackbaud.com/realizeyourimagination.

Click to tweet: .@blackbaud announces groundbreaking transformation in church technology landscape https://blkb.co/2mqc9Qk

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Blackbaud Media Contact
Nicole McGougan
Public Relations Manager
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 the introduction of new products and product features, as well as the expected benefits of the new 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.

Higher Education Institutions Trust Blackbaud CRM to Power Growth and Success

Tech leader’s fundraising and relationship management solution helps institutions
enhance constituent engagement, fundraising outcomes and collaboration

Charleston, S.C. (July 16, 2018) – Blackbaud (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today reported strong satisfaction rates of Blackbaud CRM™ among higher education institutions seeking to power their advancement needs, expand campus-wide collaboration and develop the infrastructure needed to support future growth. The company will share the latest innovations within its Cloud Solution for Higher Education as a platinum sponsor of CASE Summit 2018, which is currently underway in New York City.

“With new challenges ranging from dispersed alumni communities to new expectations from donors and shifts in the funding landscape, we understand higher education institutions need trustworthy, end-to-end, secure solutions that scale to meet their unique needs,” said Tim Hill, president of Blackbaud Higher Education Solutions. “Blackbaud is committed to providing higher education institutions with the most innovative tools needed to drive digital transformation. By leveraging Blackbaud’s powerful cloud capabilities, our customers are equipped to dramatically optimize how they work so they are able to help their students achieve even more.”

A growing number of higher education institutions trust Blackbaud CRM as the right solution for managing alumni and constituent relationships with analytics, multichannel marketing and expertise that empower institutions to increase fundraising dollars, retain more donors and advance engagement.

After completing a comprehensive request-for-proposal process, Clemson University Foundation selected Blackbaud CRM to power its growing advancement needs, increase campus-wide collaboration and establish the infrastructure needed to support its future campaigns. “During our selection process, our goal was to find one single solution for constituent demographic and gift data that would strengthen the ability of both academic and athletic fundraising and donor stewardship,” said Larissa Kelly, senior director of Advancement Services at Clemson University Foundation. “As an existing Blackbaud customer, we were familiar with Blackbaud’s quality of product and customer support, and felt confident in making this choice. Blackbaud CRM will bring us a more sophisticated, flexible, scalable and secure cloud solution to help power the University’s mission forward. We look forward to the implementation of the solution and trust that Blackbaud will help us streamline our fundraising process.”

Among the users of Blackbaud’s flexible cloud solution is the Georgia Tech Foundation, which is aiming to enhance constituent engagement, fundraising outcomes and collaboration across campus units, including the Georgia Tech Office of Development, Georgia Tech Athletics Alexander-Tharpe Fund (A-T), and the Georgia Tech Alumni Association. “All of our project launch metrics are tracking positively,” said Dwight Dozier, chief information officer of the Georgia Tech Foundation. “The Georgia Tech Foundation and our related Georgia Tech affiliates are deploying an array of solutions to help us achieve diverse and rigorous goals.”

Learning that Marquette University needed to implement sooner than planned, Blackbaud accelerated the implementation schedule and successfully launched Blackbaud CRM in 13 months and significantly under budget. “Implementing Blackbaud CRM has allowed Marquette University to achieve its goals of supporting its growing fundraising needs and empowering users from across all 11 colleges with a consistent, comprehensive user experience,” said Missy Egelhoff, senior director, Advancement Information Services at Marquette University. “The solution is successfully bringing together departments across campus and gives us a true 360-degree view of our alumni, donors, and constituents. Blackbaud has been a great partner, working effectively and efficiently to complete our project ahead of schedule and under budget through a smooth implementation.”

To learn more about how Blackbaud CRM is helping higher education institutions advance their missions, connect with Blackbaud this week during CASE Summit 2018 by visiting the Blackbaud booths located near the center entrance of the Westside Ballroom on the fifth floor. For more information about Blackbaud CRM, visit www.blackbaud.com/blackbaudCRM.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents—Blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. 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.

Media Contact
Nicole McGougan
Public Relations Manager
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.