Welcome to our dedicated page for Blackbaud news (Ticker: BLKB), a resource for investors and traders seeking the latest updates and insights on Blackbaud stock.
Blackbaud, Inc. (NASDAQ: BLKB) is a software company focused on powering social impact, and its news flow reflects that mission. The company regularly issues updates on product innovation, artificial intelligence capabilities, corporate social responsibility initiatives, financial performance and ecosystem programs that support nonprofits, educational institutions, corporations and individual change makers.
Investors and practitioners following BLKB news can expect announcements about new AI-powered features in solutions such as Blackbaud Raiser's Edge NXT, Financial Edge NXT, Luminate Online, TeamRaiser, YourCause CSRconnect, YourCause GrantsConnect, Blackbaud Impact Edge and a range of K–12 education products. Recent communications have highlighted purpose-built AI tools, Agents for Good, Anthropic-powered fundraising connectors and intelligent workflows designed for fundraising, financial management, digital giving, grantmaking, CSR and education management.
Blackbaud also reports on its role as a convener in the social impact sector. News items cover events like bbcon, the K–12 User Conference and the North America Corporate Social Impact Summit, as well as the Social Good Startup Program and Blackbaud Institute research releases. These stories provide insight into how the company engages with customers, partners and startups, and how its philanthropic dataset informs sector-wide best practices.
For those tracking BLKB stock, the news stream includes quarterly earnings releases, capital allocation updates such as stock repurchase program changes, and Form 8-K references. Together, these articles offer a view into Blackbaud’s strategic priorities, product roadmap and ongoing investment in AI and data-driven tools for the global social impact community.
Southern Glazer's Wine & Spirits is offering digital courses on African-American history to high schools in Miami-Dade and Broward counties in Florida, plus Dallas and Collin counties in Texas. Students completing these courses can enter the "Cheers to Diversity Student Essay Contest" for a chance to win a $2,500 college scholarship. Since 2020, over 6,600 students have participated, achieving an 82% learning gain. This initiative aims to enhance diversity in education, reflecting the company's commitment to social impact.
Blackbaud (NASDAQ: BLKB) announces that actor Simu Liu will keynote at bbcon 2022 Virtual on Oct. 17-18, a free online event focused on social good.
Liu, known for his role in Marvel's "Shang-Chi", will provide insights to attendees. Blackbaud aims to empower social good organizations with actionable strategies and insights, showcasing upcoming product innovations. The conference also features bestselling author Glennon Doyle, highlighting diversity and empathy in leadership.
Blackbaud (NASDAQ: BLKB) has announced its acquisition of Kilter, an activity-based engagement app. This strategic move aims to enhance fundraising initiatives by integrating health and wellness activities into peer-to-peer fundraising. Kilter allows users to track a diverse range of activities like yoga and motorcycling, expanding options beyond traditional fundraising events. The app will be incorporated into Blackbaud TeamRaiser and YourCause CSRconnect platforms, providing users with increased engagement opportunities and supporting companies in their social responsibility goals.
Blackbaud (NASDAQ: BLKB) has announced that bestselling author Glennon Doyle will keynote at the free, virtual bbcon 2022 on October 17-18. Doyle, known for her activism and philanthropic work, aims to inspire social good practitioners globally. The conference promises actionable insights on diversity, empowerment, and product innovations, aiming to strengthen organizations in the social good sector. Additionally, Blackbaud will offer Product Update Briefings on October 19-20 to showcase upcoming enhancements to their offerings.
EVERFI has achieved the Research-Based Design for Instructional Learning Products Certification from Digital Promise for its K-12 digital education offerings. This certification indicates that EVERFI's products are grounded in learning science and empirical research, enhancing trust for educators and school leaders. The initiative also aligns with the Every Student Succeeds Act (ESSA) criteria for Tier 4 evidence of efficacy. EVERFI has reached over 45 million learners globally and has been recognized for its commitment to providing high-quality educational resources.
Blackbaud (NASDAQ: BLKB) reported a 15.5% year-over-year increase in total GAAP revenue, reaching $264.9 million for Q2 2022. Despite a slight decline in non-GAAP net income to $38.9 million, the company's non-GAAP adjusted EBITDA improved to $70.6 million. Blackbaud has revised its full-year revenue guidance to between $1.05 billion and $1.07 billion. The company also highlighted its commitment to product innovation and customer experience, alongside strategic leadership changes. However, concerns regarding macroeconomic pressures and a shift from one-time service revenues were acknowledged.
On July 26, 2022, Blackbaud (NASDAQ: BLKB) announced the appointment of Deneen DeFiore, former vice president and global chief information security officer at United Airlines, to its board of directors. DeFiore brings over 20 years of expertise in technology and cybersecurity, including leadership roles at GE Aviation. Her experience in cybersecurity is expected to enhance Blackbaud's strategies as the company prioritizes this area amid growth. The board's chairman, Andrew M. Leitch, and CEO Mike Gianoni expressed confidence in her contributions to drive innovation.
EVERFI, a leader in education innovation, will launch a no-cost digital education program focused on crypto and web3 for high school students across the U.S. this fall. As the demand for blockchain knowledge grows, the program aims to fill the educational gap by providing foundational skills and decision-making capabilities in digital assets. With over 25,000 schools using its products, EVERFI is uniquely positioned to reach millions of students. An 'Intro to Crypto' course will be unveiled at the LearnOn educator conference, expanding access to critical financial knowledge for students nationwide.
EVERFI, a leader in social impact education, will host its third annual LearnOn Conference on July 21, 2022, bringing together nearly 5,000 K-12 educators for a free virtual event. The conference, themed Forward Together, aims to support educators facing challenges from the COVID-19 pandemic. Attendees can choose from over 25 breakout sessions on topics like student mental health and financial literacy. Keynote speaker Joe "Mr. D" Dombrowski will also present. Registration is open at learnon.everfi.com.
Blackbaud (NASDAQ: BLKB) announces key organizational changes with the appointment of Kevin Gregoire as Chief Operating Officer, David Benjamin as Chief Commercial Officer, and Tom Davidson as Executive Vice President of Corporations. These leadership updates aim to enhance product and technology innovation, improve customer focus, and boost sales productivity. CEO Mike Gianoni expressed confidence that this restructuring will streamline operations and enhance customer experience. All appointments are effective immediately, positioning Blackbaud to better serve its social good community.