Blackbaud

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Blackbaud, Inc.
Type Public
Traded as NASDAQ: BLKB
Industry Software publishing
Founded New York (1981)
Headquarters 2000 Daniel Island Drive, Charleston, South Carolina, United States 29492-7541
Key people Anthony Bakker, Founder
Anthony Boor, CEO
Revenue IncreaseUS$447M(FY 2012)[1]
Operating income DecreaseUS$13.3M (FY 2012)[1]
Net income DecreaseUS$6.5M (FY 2012)[1]
Total assets IncreaseUS$705M (FY 2012)[1]
Total equity IncreaseUS$147 (FY 2012)[1]
Employees 2,600 (March 2013)[2]
Website http://www.blackbaud.com/

Blackbaud Inc. (NASDAQ:BLKB) is a supplier of software and services specifically designed for nonprofit organizations. Its products focus on fundraising, website management, CRM, analytics, financial management, ticketing, and education administration.[3][4][5][6]

Blackbaud's flagship product is a fundraising SQL database software, The Raiser's Edge.[1] Revenue from the sale of The Raiser’s Edge and related services accounted for thirty percent of Blackbaud’s total revenue in 2012.[1] Other products include Blackbaud Enterprise CRM, The Financial Edge, The Education Edge, Blackbaud Student Information Systems, The Patron Edge, Blackbaud NetCommunity, eTapestry, Luminate Online, Luminate CRM, Friends Asking Friends, Altru Museum Management Software and Target Analytics.[1] In addition, Blackbaud offers consultancy services to nonprofit organizations.[1]

The company was founded in 1981 by Anthony Bakker.[1][7] Its headquarters are in Daniel Island, Charleston, South Carolina, with additional offices in Cambridge, Massachusetts; Indianapolis, Indiana; Miami Beach, Florida; Alexandria, Virginia; San Diego, California; Austin, Texas; Emeryville, California; Washington, D.C.; Overland Park, Kansas; Lincoln, Nebraska; Toronto, Ontario; Glasgow, Scotland; London, England; Chesham, England; Sydney, Australia; and Almere, Netherlands.[1]

Anthony Boor serves as Blackbaud’s interim CEO.[8][9]

History

Blackbaud’s history traces back to 1981, when Blackbaud founder Anthony Bakker developed a computerized billing system for the Nightingale-Bamford School in Manhattan, New York City.[7][10] By 1982, Bakker’s expanded client list allowed him to quit his day job as a banker and he incorporated Blackbaud Microsystems.[7][10] Bakker’s new company was headquartered in New York City.[7][10] Blackbaud’s first product was Student Billing, an accounts receivable system geared toward private grade schools.[7] The company’s flagship product, The Raiser’s Edge, was developed from its Student Billing product.[7][10]

The company had 75 employees in 1989, when it decided to relocate from New York City due to high operational costs. Blackbaud relocated to Mount Pleasant, South Carolina with the help of a $750,000 business loan.[10] Of the company’s original 75 employees, 30 remained in a support and training office in New York City and 15 relocated to Blackbaud’s new South Carolina headquarters. In 1992, the company outgrew its Mount Pleasant headquarters and relocated to North Charleston, South Carolina.[10]

In 1994, Blackbaud converted is software offerings from DOS to Windows 95.[7][10] This decision led to an sales increase from $19 million in 1995 to $26 million in 1996.[7] During this time Blackbaud acquired multiple DOS-based competitors, including ACOMS of Burlington, Massachusetts; Master Systems Inc. of Pinole, California; and Blackbaud’s “chief challenger,” Master Software of Indianapolis, Indiana.[7][10] Blackbaud’s acquisition of Master Software doubled its customer base.[7]

In 1998, Blackbaud began using value-added resellers, which further expanded the company’s customer base.[7][11] In 2000, Robert Sywolski became CEO of Blackbaud.[11] Sywolski had previously served as CEO of North American operations for Cap Gemini, a international consulting firm.[7][11]

Blackbaud successfully completed its initial public offering in 2004. Sixteen months later, in November 2005, Marc Chardon replaced Sywolski as Blackbaud CEO.[12][13] Chardon had previously served as chief financial officer of Microsoft’s information worker group, which developed Microsoft Office among other products.[12][13]

In 2006, Blackbaud acquired Campagne Associates.[14][15] The company added both Target Software and Target Analysis Group in 2007.[16] Target Software developed large-scale database management solutions while the Target Analysis Group focused primarily on data mining for nonprofits.[16] Later that year, Blackbaud also acquired eTapestry, an online donor management tool.[17]

Blackbaud acquired Kintera in 2008.[18] In 2012, the company acquired Convio in 2012.[6][15]

In early 2013, Blackbaud announced that CEO Marc Chardon would leave the company by the end of that year.[2] Anthony Boor became Blackbaud’s interim CEO in August 2013.[8][9] Boor joined Blackbaud as the company’s chief financial officer in 2011.[9] He was credited with leading Blackbaud’s acquisition of Convio.[9]

See also

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 "Blackbaud Inc Form 10-K". Securities and Exchange Commission. Retrieved January 24, 2014. 
  2. ↑ 2.0 2.1 "Outgoing Blackbaud CEO Marc Chardon talks about his tenure, departure". The Post and Courier. Retrieved January 24, 2014. 
  3. ↑ "A Facebook Founder Begins a Social Network Focused on Charities". New York Times. Retrieved January 24, 2014. 
  4. ↑ "Making a New Appeal Using Vintage Items". New York Times. Retrieved January 24, 2014. 
  5. ↑ "Charities get cash boost from #GivingTuesday". USA Today. Retrieved January 24, 2014. 
  6. ↑ 6.0 6.1 "Blackbaud to Acquire Software Company Convio". Wall Street Journal. Retrieved January 24, 2014. 
  7. ↑ 7.0 7.1 7.2 7.3 7.4 7.5 7.6 7.7 7.8 7.9 7.10 7.11 Jay P. Pederson, ed. (2007). "Blackbaud, Inc." 85. International Directory of Company Histories. pp. 34–37. 
  8. ↑ 8.0 8.1 "Updated: Charleston software giant Blackbaud names interim leader as CEO steps down early". The Post and Courier. Retrieved January 24, 2014. 
  9. ↑ 9.0 9.1 9.2 9.3 "Blackbaud Appoints Interim CEO". The Non Profit Times. Retrieved January 24, 2014. 
  10. ↑ 10.0 10.1 10.2 10.3 10.4 10.5 10.6 10.7 John P. McDermott (October 13, 1997). "Blackbaud carves out its own corner of competitive computer market". The (Charleston, SC) Post and Courier. 
  11. ↑ 11.0 11.1 11.2 John M. Covaleski (May 22, 2000). "New CEO to take Blackbaud to the `next level'". Accounting Today. p. 26. 
  12. ↑ 12.0 12.1 "Blackbaud names Microsoft exec as CEO". CRN. Retrieved January 24, 2014. 
  13. ↑ 13.0 13.1 J. Kyle Foster. "Microsoft executive leaves for Blackbaud". Bloomberg News. Retrieved January 24, 2014. 
  14. ↑ "Blackbaud buys Campagne Associates". Philanthropy Journal. Retrieved January 24, 2014. 
  15. ↑ 15.0 15.1 Holly Hall. "Blackbaud Software Company Buys a Struggling Competitor". The Chronicle of Philanthropy. Retrieved January 24, 2014. 
  16. ↑ 16.0 16.1 "Blackbaud acquires Target Software and Target Analysis Group". Direct Marketing News. Retrieved January 24, 2014. 
  17. ↑ "Blackbaud's Acquisition Of eTapestry". The Non Profit Times. Retrieved January 24, 2014. 
  18. ↑ "Blackbaud To Acquire Convio For $275 Million". The Non Profit Times. Retrieved January 24, 2014. 

External links

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