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) delivers cloud software solutions that empower mission-driven organizations across the social good sector. This news hub provides investors and stakeholders with centralized access to official updates, financial disclosures, and strategic developments from the nonprofit technology leader.
Our curated collection features earnings reports, product innovation announcements, and strategic partnership updates directly from Blackbaud. Users will find timely information on fundraising technology advancements, financial management tools, and corporate social responsibility initiatives that shape the company's market position.
Key content categories include quarterly financial results, acquisitions in the social impact software space, executive leadership updates, and new feature releases for platforms serving nonprofits and educational institutions. The repository is continuously updated to reflect Blackbaud's evolving role in enabling digital transformation for organizations driving societal change.
Bookmark this page for streamlined access to verified information about BLKB's operational milestones and technology roadmap. Combine these resources with fundamental analysis tools to make informed decisions about this specialized software provider.
Blackbaud (NASDAQ: BLKB) announced updates to its YourCause® suite to enhance global social impact for companies. The integration with GlobalGiving Atlas provides access to the largest charity database, facilitating employee giving and volunteering. Key features include tools in 24 languages and expanded global reporting capabilities. With a focus on corporate social responsibility (CSR), the updates aim to boost employee engagement and investor confidence. Blackbaud’s technology is utilized by one-third of Fortune 500 companies to enhance their CSR initiatives.
Blackbaud (NASDAQ: BLKB) announced the appointment of Brandon Sharrett as president and general manager for Blackbaud Corporate Solutions on April 6, 2021. Sharrett, who has been with the company since 2019, will leverage his extensive experience in growing revenue and sales for enterprise institutions to enhance Blackbaud's corporate solutions globally. This segment is a significant growth area, aimed at improving employee engagement and strengthening ESG initiatives across large enterprises.
Blackbaud (NASDAQ: BLKB) released data highlighting the significant impact of philanthropy on the healthcare sector during 2020, reporting healthcare organizations raised $4.9B, a 2.7% increase year-over-year. In-kind donations surged by 61%, particularly for community hospitals. Though cash-giving rose by 2.7%, total transactions fell by 6.7%, indicating larger donations from fewer sources. Blackbaud's solutions helped healthcare entities adapt to challenges posed by COVID-19, with notable growth in online giving by 11.7%.
Blackbaud (NASDAQ: BLKB) announced a significant update to its Blackbaud Grantmaking™ product, introducing a new user interface powered by Blackbaud SKY®. This enhancement provides grantmakers worldwide with advanced tools for efficient grant management accessible on any device. Key features include mobile integration, real-time updates, personalized dashboards, and enhanced security measures. The upgrade is available at no cost to current customers, aiming to support philanthropic efforts, especially in the wake of the COVID-19 pandemic.
On March 12, 2021, Blackbaud (NASDAQ: BLKB) announced its president and CEO Mike Gianoni was recognized as one of the 50 Most Influential People of 2020 by Charleston Business Magazine. This marks Gianoni's third consecutive year on the list, acknowledging his commitment to innovation and inclusive workplace culture. Under his leadership since 2014, Blackbaud has expanded its services to millions across over 100 countries, including major nonprofits and Fortune 500 companies. Gianoni's efforts include prioritizing corporate citizenship and sustainability, with Blackbaud joining the United Nations Global Compact.
Blackbaud (NASDAQ: BLKB) will host a virtual investor session on March 25, 2021, from 10 a.m. to 12 p.m. ET. Executive management will discuss the company's strategic outlook and conduct a Q&A session. Key speakers include Mike Gianoni, Kevin McDearis, Kevin Gregoire, David Benjamin, and Tony Boor. Interested parties can register here. A recording will be archived on Blackbaud's investor webpage post-event.
Blackbaud (NASDAQ: BLKB) announced that several leading higher education institutions, including Baylor University and Clemson University, are successfully implementing Blackbaud CRM to enhance teamwork and fundraising efforts amid the COVID-19 pandemic. A recent study by Zuri Group revealed that institutions using Blackbaud CRM saw an average annual increase of $55.1M in funds raised, with a remarkable 63-percentage-point increase compared to others. Blackbaud's solutions enable comprehensive fundraising management, ensuring improved alumni relations and collaboration across campuses, essential in today's digital landscape.
On February 16, 2021, the Blackbaud Institute released its ninth-annual Charitable Giving Report, analyzing over $40 billion in US charitable donations. The report showed that US charitable giving grew by 2% year-over-year with online donations increasing by nearly 21%. A record 13% of fundraising came from online sources, highlighting a shift towards digital strategies. Although nonprofits faced a drop in giving in early 2020, they rebounded significantly in the latter half of the year, showing resilience in the social good sector.
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