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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) will report its fourth quarter and full year 2021 financial results on February 22, 2022, after market close. A conference call discussing the results will take place on February 23, 2022, at 8:00 a.m. ET. Blackbaud is the leading cloud software company for the social good sector, providing tailored solutions for nonprofits, education, and other organizations to enhance their impact. The company has a global presence, operating in multiple countries including the U.S., U.K., and Canada.
Blackbaud (NASDAQ: BLKB) announced that its president and CEO, Mike Gianoni, has been recognized as one of the '50 Most Influential People of 2021' by Charleston Business Magazine for the fourth consecutive year. This accolade highlights Gianoni's significant economic and community contributions. Under his leadership since 2014, Blackbaud has enhanced its market presence, serving vital sectors including nonprofits and higher education. The company’s recent acquisition of EVERFI further strengthens its ESG solutions, connecting major corporations with impactful social initiatives.
Blackbaud (NASDAQ: BLKB) announced a significant multi-year, six-figure donation to Project Drawdown to enhance global climate solutions. This partnership aims to reach 'drawdown'—the point where greenhouse gas levels begin to decline, combating climate change. Blackbaud's investment will fund educational initiatives and programs aimed at increasing awareness and engagement in climate action among various audiences, including educators and students. The company continues to emphasize its commitment to ESG practices, aligning with sustainable development goals.
Blackbaud (NASDAQ: BLKB) announced updates on its Social Good Startup Program, an accelerator for early-stage software companies impacting the social good community. Launched in 2020, the program has supported 27 startups, helping them collectively raise over $45 million in funding. The recent pitch competition awarded cash prizes to standout participants. Notable startups include Give InKind, Change, and Carpool to School. Participants gain access to resources, marketing, and funding opportunities, enhancing their growth potential.
Blackbaud (NASDAQ: BLKB) is reinforcing its commitment to social good through its global corporate social responsibility (CSR) initiatives. In 2021, the company made significant donations for disaster relief and supported employee volunteering efforts, including a major donation to Big Brothers Big Sisters. Blackbaud also donated nearly 1,000 devices to various organizations. They have been recognized by Newsweek as one of America's Most Responsible Companies and continue to engage in environmental, social, and governance (ESG) efforts, including joining the UN Global Compact.
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