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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 announce its fourth quarter and full-year 2020 financial results on February 8, 2021, after the market closes. Following this, a conference call will be held on February 9, 2021, at 8:00 a.m. ET to discuss the results. The event will be accessible via a live webcast and archived on the company's investor webpage. Blackbaud continues to serve a diverse community, including nonprofits and educational institutions, providing tailored cloud software solutions.
Blackbaud (NASDAQ: BLKB) announced several corporate social responsibility initiatives aimed at enhancing community support during the COVID-19 pandemic. Key efforts include:
- Virtual Volunteering: Employees participated in various activities, including assembling 1,800 care packages.
- Blackbaud After School Program: Provided 380 hours of virtual learning for employees' children.
- Laptop Donations: Donated 300 laptops to bridge the digital divide.
- Annual Donation to One80 Place: Contributed nearly $420,000 to support homeless prevention.
Blackbaud (NASDAQ: BLKB) has announced an update to its Blackbaud Marketplace, enhancing innovation for social good organizations. The number of applications available has nearly doubled this year, showcasing a growing ecosystem of developers and partners. Key integrations include marketing automation tools linked to Raiser's Edge NXT® and advanced financial management capabilities. The Marketplace aims to improve organizational efficiencies and drive fundraising productivity. Blackbaud also recognized its 2020 Partners of the Year for exceptional contributions.
Blackbaud (NASDAQ: BLKB) continues to enhance its Cloud Solution for Higher Education Institutions, aiding colleges in increasing efficiency and donor engagement during COVID-19. Its solutions, used by various universities, include Blackbaud Fundraiser Performance Management, Award Management, Guided Fundraising, and Financial Edge NXT, which improve fundraising and financial processes. The company's technology has proven vital for institutions adapting to remote operations, allowing them to maintain continuity. Blackbaud remains committed to empowering the social good sector with integrated cloud services.
Blackbaud (NASDAQ: BLKB) announced its long-term financial goals on December 1, 2020. The company aims for mid-to-high single-digit organic revenue growth as part of its strategy to achieve the 'Rule of 40'—a combination of revenue growth and EBITDA margin exceeding 40%. Blackbaud's leadership emphasizes a focus on profitability and operational efficiency to enhance shareholder value. A conference call is scheduled for December 2, 2020, at 8:00 a.m. ET to discuss these goals further, signaling a strategic shift towards stronger financial performance.
Blackbaud (NASDAQ: BLKB) launched the Blackbaud After School Program to support employees juggling work and child care during COVID-19. This volunteer-based initiative enables employees to share skills with colleagues' children, offering a range of activities like arts, crafts, and coding. Operating across multiple countries, the program has logged 380 hours in 115 sessions since its launch in mid-September 2020. Employee participation is encouraged, with incentives for those volunteering during work hours. Blackbaud continues to strengthen its culture and provide support in these challenging times.
Blackbaud (NASDAQ: BLKB), a leader in cloud software for social good, will announce its long-term financial goals on December 1, 2020. Following this, a conference call will be held on December 2, 2020, at 8:00 a.m. ET to discuss these goals and the company's strategic outlook. The board has reauthorized a share repurchase program, increasing capacity to $250 million for buying back approximately 5 million shares. This reflects Blackbaud's confidence in its future cash flow generation and commitment to shareholder value enhancement.
Blackbaud (NASDAQ: BLKB) has announced the acceptance of applications for its Social Good Startup Program, aimed at fostering innovation among early-stage companies impacting the Ecosystem of Good®. Launching in January 2021, the program will prioritize BIPOC founders and offers marketing opportunities, resources, and nondilutive grant funding. Up to 10 startups will be selected, continuing Blackbaud's commitment to diversity and collaboration in the social good sector.
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