Blackbaud Makes FORBES’ Annual Fast Tech 25 List
Philanthropic software and services leader represents South Carolina
among fastest growing public tech companies in America
Charleston, S.C. (May 5, 2016) – Blackbaud (NASDAQ: BLKB), the leading provider of software and services for the global philanthropic community, was named in Forbes’ Annual Fast Tech 25 list as one of this year’s fastest growing public tech companies.
Looking at three years of past revenue growth, projected growth and a solid earnings-quality score from Value Line, Blackbaud made Forbes’ 25 Fastest Growing Public Tech Companies list for 2016 at number 25. Well-recognized as the software and services leader in the philanthropic sector, Blackbaud serves more than 35,000 customers today. Using the power and speed of its new modern cloud to offer industry-optimized total solutions, the company has grown its customer base by more than 16 percent and its stock price by over 70 percent since President and CEO, Mike Gianoni took the helm in 2014.
The market leader has worked hard to reinvent itself in the last two years by re-focusing its employee base on customer success and by doubling down on innovation, quality and value within its software and services portfolio. “Financial success is coming as a result of a dramatic culture and performance change,” said Gianoni. “We turned to our core values and reconnected with our purpose-driven mission. Blackbaud aims to power an Ecosystem of Good that connects the philanthropic sector with unparalleled software, services, data intelligence, and other added value so that good truly can take over the world. Today’s news proves that having a meaningful and profitable workplace truly can go hand-in-hand.”
The company was also recently named to Forbes Best Midsize Employers for 2016 list, recognized in the IT/Internet software category. “While our customers are experiencing the new Blackbaud, it’s also an exciting time to work at the company too”, said Gianoni. “We have great employees, and continue to hire and develop the best talent in our offices around the world, and try to cultivate a culture that puts customers at the center and creates space for disruptive innovation. We’re growing, which allows us to continue to make the largest research and development investment in the sector—and that’s great for both customers and Blackbaud.”
For more information about Blackbaud, visit www.Blackbaud.com.
Serving the worldwide philanthropic community for more than 30 years, Blackbaud (NASDAQ: BLKB) combines innovative software and services, and expertise to help organizations achieve their missions. Blackbaud works in over 60 countries to power the passions of more than 30,000 clients, including nonprofits, K-12 private and higher education institutions, healthcare organizations, foundations and other charitable giving entities, and corporations. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. Blackbaud’s portfolio of software and services support nonprofit fundraising and relationship management, eMarketing, advocacy, accounting, payments and analytics, as well as grant management, corporate social responsibility, and education. Using Blackbaud technology, these organizations raise, invest, manage and award more than $100 billion each year. Recognized as a top company, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.
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.