Blackbaud Announces Next Wave of Cloud-Based Solutions
Reaffirms commitment to quality and innovation with Raiser’s Edge NXT and Financial Edge NXT
Charleston, S.C. (September 9, 2014) –Blackbaud, Inc. (Nasdaq: BLKB), a leading global provider of software and services for nonprofits, today announced it will add new cloud-based offerings, Raiser’s Edge NXT and Financial Edge NXT, to its innovative solution lineup. This announcement, which reaffirms the company’s commitment to its fundraising and relationship management, and financial management platforms, follows a consistent wave of investments and innovation during the last two quarters.
Raiser’s Edge NXT and Financial Edge NXT will offer customers a suite of powerful, capability-rich solutions that enable nonprofits to expand their donor base, boost productivity, effectively manage transactions and eliminate IT burden—all within a brand new, intuitive interface that is designed to support the way nonprofits work. These solutions will also offer full integration capabilities, allowing seamless communication between the two systems.
In addition to developing its cloud-based NXT line, Blackbaud will continue to support its flagship fundraising and relationship management solution, The Raiser’s Edge, as well as its financial management solution, The Financial Edge, and has committed a set of enhancements for both solutions to customers in the fall timeframe. The company will share details about this announcement at bbcon 2014, its annual conference for nonprofits, on October 6-8.
“We’re excited to offer Raiser’s Edge NXT and Financial Edge NXT to our nonprofit customers,” said Blackbaud President and CEO Mike Gianoni. “Not only will nonprofits experience all the benefits of the cloud—such as a lower total cost of ownership and reduced administrative overhead—they will also benefit from an unparalleled user experience, and powerful built-in tools that help them expand the reach of their missions while improving organizational efficacy.”
Raiser’s Edge NXT will be a new addition to Blackbaud’s fundraising and relationship management portfolio. In follow-up to a renewed commitment to product clarity, quality and innovation made by Blackbaud President and CEO Mike Gianoni shortly after joining the company in January, the company intends to continue investing in eTapestry®, the Raiser’s Edge solution line, Luminate CRM and Blackbaud CRM.
Blackbaud’s Fundraising and Relationship Management Portfolio
- eTapestry—simple, cloud-based fundraising management: for smaller, developing nonprofits in need of a solid cloud solution to support basic fundraising needs
- Raiser’s Edge solution line—fundraising and relationship management: for mid-size to large nonprofits in need of a cloud-based, hosted or on premise solution to support advanced fundraising, relationship management and marketing needs
- Luminate CRM—extensible fundraising and relationship management on the Salesforce platform: for mid-size to large nonprofits looking to enhance their Salesforce.com solution with nonprofit-optimized fundraising, marketing and program management capabilities
- Blackbaud CRM—comprehensive, customizable fundraising and relationship management: for enterprise-level nonprofits seeking a powerful, yet adaptable solution for fundraising, marketing and program management across the engagement lifecycle
“Whether a nonprofit organization is small or large, with simple requirements or advanced needs, Blackbaud has a fundraising and relationship management solution to support and accelerate its growth,” said Blackbaud’s Senior Vice President of Corporate and Product Strategy, Charlie Cumbaa. “We’re enthusiastic about today’s announcements, as well as what’s ahead—across our entire solution line, customers can expect a constant stream of innovation from Blackbaud that gives them the most efficient, high-quality experience in the market.”
More information about Blackbaud’s fundraising and relationship management solutions is available here.
Serving the nonprofit and education sectors for more than 30 years, Blackbaud (NASDAQ:BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 30,000 customers in over 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, private K12 education, animal welfare and other charitable causes. The company offers a full spectrum of cloud-based and on-premise software solutions and related services for organizations of all sizes including: fundraising, eMarketing, advocacy, constituent relationship management (CRM), financial management, payment solutions, analytics, education solutions, and vertical-specific solutions. Using Blackbaud technology, these organizations raise more than $100 billion each year. Recognized as a top company by Forbes, InformationWeek, and Software Magazine and honored by Best Places to Work, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, the Netherlands, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.
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, including statements regarding the introduction of new products and product features, as well as the expected benefits of the new products and product features. 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 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.