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Blackbaud, Inc. - BLKB STOCK NEWS

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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.

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Blackbaud, a leading software provider for social impact, received an unsolicited proposal from Clearlake Capital Group to acquire all outstanding shares for $80.00 per share in cash. The Board of Directors will evaluate the proposal to determine the best course of action.
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Blackbaud announces bbcon 2024 conference in Seattle with early-bird pricing until June 13. The event aims to connect with customers and changemakers to fuel social impact through inspiration, innovation, and networking opportunities.
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Blackbaud Institute shares insights on 2023 giving trends and fundraising tips for 2024 based on robust philanthropic data set.
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Blackbaud partners with AFP at AFP ICON conference to showcase new fundraising AI capabilities for Blackbaud Raiser's Edge NXT® and support fundraising professionals through educational sessions and donations.
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Blackbaud's Total School Solution aims to streamline K-12 private school operations by offering a unified system for managing the entire school community. The solution provides one system for various school functions, from enrollment to fundraising, promising efficiency and connectivity. Blackbaud's ongoing innovation and commitment to data security are highlighted, along with testimonials from schools benefiting from the solution.
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Bellco sponsors EVERFI Financial Literacy Bee to promote financial capability among students in grades 8-12.
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Blackbaud (BLKB) appoints Chris Lindner as Chief Information Officer to drive global IT infrastructure. Lindner brings 30 years of IT experience in financial services, SaaS, ecommerce, and supply chain industries. His role involves integrating corporate applications, leveraging data assets, and driving automation.
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The Year 2 findings of the three-year study on financial capability among adolescents reveal significant improvements in financial knowledge, self-efficacy, behaviors, and communication. The study by EVERFI from Blackbaud and the MassMutual Foundation shows that multiple interventions are more effective than standalone courses, with courses like Money Moves and Marketplaces leading to positive outcomes.
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PenFed Credit Union and EVERFI from Blackbaud collaborate to enhance financial literacy for over 4,000 students in Puerto Rico by offering a digital financial education curriculum. The recent interactive event at Escuela Superior Rafael Cordero Molina in San Juan aimed at empowering students to achieve their financial dreams. PenFed's strategic partnership with EVERFI has been instrumental in providing critical financial education to K-12 students across Puerto Rico.
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Blackbaud celebrates four years of remote work, highlighting employee satisfaction, access to global talent, and increased efficiency. Benefits include improved productivity, resilience during disruptions, and recognition from various organizations. Employees value flexibility and remote work options, leading to a successful remote-first model.
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FAQ

What is the current stock price of Blackbaud (BLKB)?

The current stock price of Blackbaud (BLKB) is $76.31 as of December 20, 2024.

What is the market cap of Blackbaud (BLKB)?

The market cap of Blackbaud (BLKB) is approximately 3.8B.

What does Blackbaud, Inc. do?

Blackbaud provides cloud software solutions to power social good, including tools for fundraising, financial management, digital giving, grantmaking, and more.

Where is Blackbaud headquartered?

Blackbaud is headquartered in Charleston, South Carolina.

What are some recent achievements of Blackbaud?

Recent achievements include a strategic partnership with AFP, an acquisition proposal from Clearlake Capital Group, and the release of Q1 2024 financial results showing growth in revenue and profitability.

What markets does Blackbaud serve?

Blackbaud serves nonprofits, foundations, corporations, educational institutions, healthcare organizations, and individual change agents.

How does Blackbaud support K-12 education?

Blackbaud supports K-12 education through investments like its $5 million in UBIQ Education and solutions like the Blackbaud School Website System and UBIQ’s AMAIS platform.

What was the recent proposal from Clearlake Capital Group about?

Clearlake Capital Group proposed to acquire all outstanding shares of Blackbaud for $80.00 per share in cash.

How much in donations does Blackbaud enable annually?

Blackbaud enables more than $100 billion in donations annually.

What recognition has Blackbaud received?

Blackbaud 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.

What is Blackbaud's commitment to social impact?

Blackbaud is committed to fueling impact and unleashing generosity through its software, environmental, social, and governance priorities, as highlighted in its 2023 Impact Report.

Where can I learn more about Blackbaud?

You can learn more about Blackbaud on their website at www.blackbaud.com.

Blackbaud, Inc.

Nasdaq:BLKB

BLKB Rankings

BLKB Stock Data

3.83B
40.14M
1.77%
96.45%
1.26%
Software - Application
Services-prepackaged Software
Link
United States of America
CHARLESTON