Blackbaud, Inc. (Nasdaq: BLKB) today announced that the company has been named to Forbes Magazine’s 200 Best Small Companies in America list and Software Magazine’s Software 500 ranking of the world’s largest software and service providers.
“We are pleased to be recognized by both Forbes Magazine and Software Magazine,” said Marc Chardon, Blackbaud’s chief executive officer. “In addition to our strong commitment to R&D, we are dedicated to delivering on our long-range strategic growth goals and remaining a strong and viable partner to the nonprofit sector.”
Blackbaud is ranked number 73 in Forbes Magazine’s list, which includes companies that have sales between $5 and $750 million and a stock price of at least $5 as of Sept. 29. The ranking is based on return on equity, sales growth and profit growth over the past 12 months and also over five years. Companies were also compared against the stock performance of their industry peers. Blackbaud was included in the list for the third consecutive year. To read the full article, visit www.forbes.com.
Blackbaud rose to number 137 in Software Magazine’s Software 500 this year and has been included in the list for more than a decade. The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing. The ranking is based on total worldwide software and services revenue for 2007. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting.
“The Software 500 helps CIOs, senior IT managers and IT staff research create the short list of business partners,” said John P. Desmond, editor of Software Magazine and Softwaremag.com. “It is a quick reference of vendor viability. And the online version to be posted soon at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software.”
About Blackbaud
Blackbaud is the leading global provider of software and services designed specifically for nonprofit organizations, enabling them to improve operational efficiency, build strong relationships, and raise more money to support their missions. Approximately 22,000 organizations — including University of Arizona Foundation, American Red Cross, Cancer Research UK, The Taft School, Lincoln Center, InTouch Ministries, Tulsa Community Foundation, Ursinus College, Earthjustice, International Fund for Animal Welfare, and the WGBH Educational Foundation — use one or more Blackbaud products and services for fundraising, constituent relationship management, financial management, website management, direct marketing, education administration, ticketing, business intelligence, prospect research, consulting, and analytics. Since 1981, Blackbaud’s sole focus and expertise has been partnering with nonprofits and providing them the solutions they need to make a difference in their local communities and worldwide. Headquartered in the United States, Blackbaud also has operations in Canada, the United Kingdom, and Australia. For more information, visit www.blackbaud.com.
Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud's investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.
Contacts:
Melanie Milonas, 843-216-6200 x3209
melanie.milonas@blackbaud.com
