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Blackbaud, Inc. (NASDAQ: BLKB) is a pioneering leader in providing cloud software designed to power social good. This innovative company serves a diverse range of sectors, including nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents. Founded in 1981 and headquartered in Charleston, South Carolina, Blackbaud has a global footprint with operations in the United States, Australia, Canada, and the United Kingdom.
Blackbaud's comprehensive portfolio includes solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. These tools are designed to enhance the impact and efficiency of organizations dedicated to social good. With over 40,000 customers spread across more than 100 countries, the company facilitates the donation of over $100 billion annually.
Recently, Blackbaud has achieved notable milestones. It continues its strategic partnership with the Association of Fundraising Professionals (AFP), sponsoring the AFP ICON conference and launching new AI capabilities for Blackbaud Raiser's Edge NXT®. Other recent news includes an unsolicited acquisition proposal from Clearlake Capital Group and the release of its first-quarter 2024 financial results, showcasing growth in revenue and profitability.
Blackbaud is also investing in technological advancements and partnerships. It recently invested $5 million in UBIQ Education to enhance digital experience ecosystems for K-12 schools. Moreover, Blackbaud's subsidiary, EVERFI, received certification for its Prescription Drug Safety program under the Every Student Succeeds Act (ESSA).
As a testament to its commitment to social impact, Blackbaud's 2023 Impact Report highlights significant progress in its environmental, social, and governance priorities. The company has been recognized on Newsweek's list of America's Most Responsible Companies, Quartz's list of Best Companies for Remote Workers, and Forbes' list of America's Best Employers. Learn more about Blackbaud's solutions and impact at www.blackbaud.com.
Blackbaud (NASDAQ: BLKB) announces the appointment of Charles "Chuck" Miller as Chief Information Security Officer. With over 25 years of experience in cybersecurity, Miller will enhance Blackbaud's global trust and security program. His previous roles include senior vice president of cybersecurity at Truist and SunTrust. Blackbaud has doubled its cybersecurity team in the past two years and emphasizes adherence to industry best practices. Miller holds a master's degree from Northwestern University and multiple security certifications, aiming to strengthen data protection for Blackbaud's customers.
Blackbaud (NASDAQ: BLKB) will report its first quarter 2022 financial results on May 3 after U.S. market close. A conference call will follow on May 4 at 8:00 a.m. ET to discuss the results. As the leading cloud software company focused on social good, Blackbaud provides solutions for various sectors, including nonprofits and education. The company, based in Charleston, SC, has operated for over 40 years, offering a range of services that include fundraising, CRM, and financial management, tailored to the unique needs of its clients.
Blackbaud (NASDAQ: BLKB) has appointed Sudip Datta as senior vice president and chief product officer. Reporting to executive vice president Kevin McDearis, Datta will oversee the company's global product portfolio. With 25 years of experience, including leadership roles at Broadcom and Oracle, Datta aims to enhance growth and innovation within Blackbaud's product strategy. His background emphasizes technology-driven transformation, which is expected to strengthen Blackbaud's mission to drive social good.
Blackbaud (NASDAQ: BLKB) reports on how its customers have mobilized to provide humanitarian aid for Ukraine since the conflict began on February 24. Through Blackbaud's technology, nonprofits and individuals have raised over $55 million for Ukraine-related causes, with significant contributions from organizations like CARE and Direct Relief. Additionally, many Fortune 500 companies have utilized Blackbaud's CSR solutions to support relief efforts, resulting in almost $12 million raised through employee donations across 70 countries.
The Blackbaud Institute has launched the SDG Connector, a new tool designed to assist social good organizations in aligning their missions with the United Nations Sustainable Development Goals (SDGs). This open-source resource, developed in partnership with Candid and the Council on Foundations, allows nonprofits and grantmakers to clearly communicate their goals and measure progress. It employs established taxonomies to connect organizational activities to global SDG targets. This initiative aims to enhance collaboration and strategic philanthropy within the social good community.
KCA Wealth Management has partnered with EVERFI to enhance financial literacy among students in Central Pennsylvania, donating $30,000 to support local schools. This initiative coincides with National Financial Literacy Month and aims to equip students with essential financial skills. The EVERFI curriculum includes various courses for different age groups, focusing on budgeting, entrepreneurship, and financial decision-making. Founder Brian Kennedy emphasizes the importance of teaching these skills early to foster sound financial habits. Interested parties can contact KCA for further information.
Blackbaud (NASDAQ: BLKB) announced a new integration for its Merchant Services, allowing U.S. social good organizations to accept payments via PayPal and Venmo. This feature enhances donor experience by enabling a seamless checkout, with PayPal boasting over 426 million active accounts. Early adopters reported nearly 10% of donations came through PayPal. Blackbaud aims to expand fundraising options for its customers, ultimately helping them to better fulfill their missions. The integration will initially be available in the U.S. with plans for international rollout later.
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