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 Institute's new CSR Industry Review spotlight report reveals significant shifts in corporate social impact practices for 2023. Key findings include:
1. In-person volunteering increased to 87% of all hours, up 21% from 2021.
2. Small companies (1-1000 employees) led with a 40% volunteering engagement rate.
3. U.S.-based employees showed higher giving engagement (12%) compared to global employees (3%).
4. International grantmaking rose, with nearly 20% of grant dollars awarded to charities outside the U.S.
The report, based on data from 412 companies across 104 countries, highlights the growing importance of corporate social responsibility programs and employee engagement in philanthropic activities.
Blackbaud (NASDAQ: BLKB) has announced the July 2024 cohort for its Social Good Startup Program, a tech accelerator supporting early-stage software companies in the social impact sector. The program aims to extend Blackbaud's solutions and maximize impact for nonprofits, schools, and socially responsible companies.
The cohort includes six innovative startups:
- Arbor: AI-powered storytelling platform
- Chat2Impact: Digital assistant chatbot for charities
- Giving Compass: AI-powered donor education platform
- LifeWeb 360: Digital space for sharing memories and tributes
- Ribon: Employee engagement tool for corporate donations
- Your Mission Possible: Project management tool for nonprofit fundraising
These startups offer solutions ranging from AI-powered fundraising and content tools to digital assistant chatbots, aiming to bring innovative technology to the social impact sector.
Blackbaud (NASDAQ: BLKB), a leading software provider for social impact, has announced a significant expansion of its stock repurchase program. The board of directors has increased the total capacity from $500 million to $800 million for repurchasing the company's common stock. CEO Mike Gianoni emphasized that repurchasing shares at the current valuation is the best use of capital to enhance shareholder value.
In the first half of 2024, Blackbaud repurchased 2,954,211 shares for $262.6 million, representing about 5.5% of outstanding common stock as of December 31, 2023. The company's strong profitability, improving cash flows, and available debt capacity support this expanded repurchase strategy, which is expected to continue for the foreseeable future.
Blackbaud (NASDAQ: BLKB) has introduced new features to its Blackbaud Grantmaking software, aimed at streamlining the grant application process for both funders and applicants. The updates include:
1. A new applicant-centric portal allowing users to manage applications across multiple funders using Blackbaud ID.
2. An AI-powered form builder with conditional logic and translation capabilities for over 25 languages.
These enhancements are designed to improve accessibility, reduce administrative burdens, and facilitate better communication between funders and applicants. The new features are now available to existing Blackbaud Grantmaking customers as part of their subscription.
Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, has announced that it will release its second quarter 2024 financial results on Tuesday, July 30, after the U.S. financial markets close. The company will host a conference call to discuss these results on Wednesday, July 31, at 8:00 a.m. ET.
Investors and interested parties can access the live webcast of the conference call through Blackbaud's investor webpage. Additionally, a live dial-in option is available at 1-877-407-3088. The webcast will be archived on the company's investor webpage for future reference.
Blackbaud (NASDAQ: BLKB) has announced that Dale Strange will take over as head of its Corporate Impact business, joining the executive leadership team and reporting to CEO Mike Gianoni. Strange, a 10-year veteran at Blackbaud, has led both Social Impact and Corporate Impact businesses and played key roles in several acquisitions. He replaces Tom Davidson, founder of EVERFI, who will transition to a strategic advisor role.
This move is part of Blackbaud's strategy to grow its Corporate Impact business and empower companies to make a positive social impact. Strange's experience in driving growth and innovation is expected to take the Corporate Impact business to new heights, delivering more value to customers and stakeholders.
Blackbaud (NASDAQ: BLKB), a leading software provider for social impact, has been recognized on TIME's inaugural list of America's Best Mid-Sized Companies 2024. This prestigious award, presented by TIME and Statista Inc., is based on employee satisfaction, revenue growth, and sustainability transparency.
Maggie Driscoll, Blackbaud's chief people and culture officer, emphasized the company's commitment to fueling impact for customers, employees, and communities. The recognition highlights Blackbaud's remote-first workforce approach, which supports employee wellbeing, drives customer outcomes, and reduces environmental impact.
To qualify for the list, companies must operate in the United States and have generated between $100 million and $10 billion in revenue in 2022 or 2023. Blackbaud's inclusion underscores its strong performance across these criteria.
Blackbaud (NASDAQ: BLKB) announced that Emmy Award-winning actress and advocate Sheryl Lee Ralph will be a keynote speaker at bbcon 2024, taking place from September 24-26 in Seattle, Washington. Ralph, known for her roles in 'Abbott Elementary' and 'Dreamgirls,' will share insights on career, confidence, and advocacy.
Blackbaud's annual tech conference, bbcon, aims to bring together its community to share knowledge and innovation in social impact. The event will feature over 150 sessions and workshops for attendees to develop their skills and network within the Blackbaud ecosystem. For more information and to register, visit bbconference.com.
Blackbaud (NASDAQ: BLKB) has commenced its annual developers' conference, bbdevdays, focusing on innovation and achievements in social impact technology. This virtual event features over 12,000 developers exploring ways to automate and enhance Blackbaud's solutions. Notable updates include new AI capabilities, improved security options with total database encryption, and enhancements to Raiser's Edge NXT and SKY APIs. The conference will include sessions on leveraging AI, cybersecurity, building customizations, and extending solutions using Blackbaud's APIs. Blackbaud will also recognize outstanding developers and support early-stage software companies through awards and grants.
Principal Foundation and EVERFI from Blackbaud have announced the successful expansion of their DataSetGo program, a digital curriculum designed to introduce high school students to data science. Since its launch in 2022, the program has reached over 26,000 students across 400 schools in the U.S. In the 2023-2024 academic year alone, it reached 17,000 new students in 200 additional schools. DataSetGo aims to prepare students for careers in data science, a field expected to create up to 1.4 million new jobs by 2027, according to the World Economic Forum. The program has a special emphasis on schools in low- to moderate-income communities and aligns with national educational standards. This year, $50,000 in awards were given to ten Distinguished Scholars to further support their education and career aspirations.
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