Blackbaud, Inc. (Nasdaq: BLKB),
the leading global provider of software and services designed
specifically for nonprofit organizations, today announced its inclusion
on the Software Magazine’s Software 500 ranking of the world’s
largest software and service providers, now in its 27th year.
Blackbaud was ranked 133, with 2008 software and services revenue of
$293.8 million and corporate revenue of $302.5 million and has been
included in the annual ranking for more than a decade.
"The 2009 Software 500 results show that revenue growth in the software
and services industry was healthy, with total Software 500 revenue of
$491.3 billion worldwide for 2008 representing 8.8% growth from the
previous year,” says John P. Desmond, editor of Software Magazine and
Softwaremag.com.
"The Software 500 helps CIOs, senior IT managers and IT staff research
and create the short list of business partners,” Desmond says. "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.”
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.
"It is important for nonprofit organizations to feel confident that they
are partnering with a company that is well positioned to support their
evolving needs,” said Marc Chardon, Blackbaud’s chief executive officer.
"Our investment in R&D is unmatched in the sector, and we are pleased to
once again be recognized in the Software 500 ranking as the largest
software company exclusively focused on nonprofits.”
Some 44 percent of the 2009 Software 500 companies are privately held.
Go to www.Softwaremag.com
and click on subscribe to be among the first to see the 2009 Software
500. It is being released first in the digital publication to be
distributed in mid-September.
The ranking is based on total worldwide software and services revenue
for 2008. This includes revenues from software licenses, maintenance and
support, training and software-related services and consulting.
Suppliers are not ranked on their total corporate revenue, since many
have other lines of business, such as hardware. The financial
information was gathered by a survey prepared by King Content Co. and
posted at www.Softwaremag.com,
as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and
Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a
brand name in the high-tech industry for 30 years. Softwaremag.com, its
Web counterpart, is the online catalog to enterprise software and the
home of the Software 500 ranking of the world’s largest software and
services companies. Software Magazine and Softwaremag.com are owned and
operated by King Content Co.
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, In Touch 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 Australia, Canada, the Netherlands, and
the United Kingdom. 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.