Blackbaud, Inc. - BLKB STOCK NEWS

OneMain Financial has enhanced its financial education program by introducing a new course, Build: Credit Fundamentals, aimed at high school students. Developed with EVERFI, this initiative aims to equip students with essential knowledge on building and managing credit, which is crucial for their financial health. The program, which has reached over 66,000 students in more than 1,000 schools, will receive $300,000 in scholarships over four years. This effort supports the growing demand for financial education, with many states now requiring such courses for graduation.

Southern Glazer's Wine & Spirits is offering digital courses on African-American history to high schools in Miami-Dade and Broward counties in Florida, plus Dallas and Collin counties in Texas. Students completing these courses can enter the "Cheers to Diversity Student Essay Contest" for a chance to win a $2,500 college scholarship. Since 2020, over 6,600 students have participated, achieving an 82% learning gain. This initiative aims to enhance diversity in education, reflecting the company's commitment to social impact.

Blackbaud (NASDAQ: BLKB) announces that actor Simu Liu will keynote at bbcon 2022 Virtual on Oct. 17-18, a free online event focused on social good.

Liu, known for his role in Marvel's "Shang-Chi", will provide insights to attendees. Blackbaud aims to empower social good organizations with actionable strategies and insights, showcasing upcoming product innovations. The conference also features bestselling author Glennon Doyle, highlighting diversity and empathy in leadership.

Blackbaud (NASDAQ: BLKB) has announced its acquisition of Kilter, an activity-based engagement app. This strategic move aims to enhance fundraising initiatives by integrating health and wellness activities into peer-to-peer fundraising. Kilter allows users to track a diverse range of activities like yoga and motorcycling, expanding options beyond traditional fundraising events. The app will be incorporated into Blackbaud TeamRaiser and YourCause CSRconnect platforms, providing users with increased engagement opportunities and supporting companies in their social responsibility goals.

Blackbaud (NASDAQ: BLKB) has announced that bestselling author Glennon Doyle will keynote at the free, virtual bbcon 2022 on October 17-18. Doyle, known for her activism and philanthropic work, aims to inspire social good practitioners globally. The conference promises actionable insights on diversity, empowerment, and product innovations, aiming to strengthen organizations in the social good sector. Additionally, Blackbaud will offer Product Update Briefings on October 19-20 to showcase upcoming enhancements to their offerings.

EVERFI has achieved the Research-Based Design for Instructional Learning Products Certification from Digital Promise for its K-12 digital education offerings. This certification indicates that EVERFI's products are grounded in learning science and empirical research, enhancing trust for educators and school leaders. The initiative also aligns with the Every Student Succeeds Act (ESSA) criteria for Tier 4 evidence of efficacy. EVERFI has reached over 45 million learners globally and has been recognized for its commitment to providing high-quality educational resources.

Blackbaud (NASDAQ: BLKB) reported a 15.5% year-over-year increase in total GAAP revenue, reaching $264.9 million for Q2 2022. Despite a slight decline in non-GAAP net income to $38.9 million, the company's non-GAAP adjusted EBITDA improved to $70.6 million. Blackbaud has revised its full-year revenue guidance to between $1.05 billion and $1.07 billion. The company also highlighted its commitment to product innovation and customer experience, alongside strategic leadership changes. However, concerns regarding macroeconomic pressures and a shift from one-time service revenues were acknowledged.

On July 26, 2022, Blackbaud (NASDAQ: BLKB) announced the appointment of Deneen DeFiore, former vice president and global chief information security officer at United Airlines, to its board of directors. DeFiore brings over 20 years of expertise in technology and cybersecurity, including leadership roles at GE Aviation. Her experience in cybersecurity is expected to enhance Blackbaud's strategies as the company prioritizes this area amid growth. The board's chairman, Andrew M. Leitch, and CEO Mike Gianoni expressed confidence in her contributions to drive innovation.

EVERFI, a leader in education innovation, will launch a no-cost digital education program focused on crypto and web3 for high school students across the U.S. this fall. As the demand for blockchain knowledge grows, the program aims to fill the educational gap by providing foundational skills and decision-making capabilities in digital assets. With over 25,000 schools using its products, EVERFI is uniquely positioned to reach millions of students. An 'Intro to Crypto' course will be unveiled at the LearnOn educator conference, expanding access to critical financial knowledge for students nationwide.