News : Blackbaud Makes FORBES’ Annual Fast Tech 25 List
Charleston, SC, USA, May 5, 2016 -- Blackbaud (NASDAQ: BLKB), the leading provider of software and services for the global philanthropic community, was named in Forbes’ Annual Fast Tech 25 list as one of this year’s fastest growing public tech companies.
Looking at three years of past revenue growth, projected growth and a solid earnings-quality score from Value Line, Blackbaud made Forbes’ 25 Fastest Growing Public Tech Companies list for 2016 at number 25. Well-recognized as the software and services leader in the philanthropic sector, Blackbaud serves more than 35,000 customers today. Using the power and speed of its new modern cloud to offer industry-optimized total solutions, the company has grown its customer base by more than 16 percent and its stock price by over 70 percent since President and CEO, Mike Gianoni took the helm in 2014.
The market leader has worked hard to reinvent itself in the last two years by re-focusing its employee base on customer success and by doubling down on innovation, quality and value within its software and services portfolio. "Financial success is coming as a result of a dramatic culture and performance change," said Gianoni. "We turned to our core values and reconnected with our purpose-driven mission. Blackbaud aims to power an Ecosystem of Good™ that connects the philanthropic sector with unparalleled software, services, data intelligence, and other added value so that good truly can take over the world. Today’s news proves that having a meaningful and profitable workplace truly can go hand-in-hand."
The company was also recently named to Forbes Best Midsize Employers for 2016 list, recognized in the IT/Internet software category. "While our customers are experiencing the new Blackbaud, it’s also an exciting time to work at the company too", said Gianoni. "We have great employees, and continue to hire and develop the best talent in our offices around the world, and try to cultivate a culture that puts customers at the center and creates space for disruptive innovation. We’re growing, which allows us to continue to make the largest research and development investment in the sector—and that’s great for both customers and Blackbaud."
Posted by Veronica Silva Cusi, news correspondent
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Blackbaud is a global provider of software and related services designed specifically for nonprofit organizations. Over the past 25 years, Blackbaud has achieved success by providing new technology solutions that help nonprofits meet their most critical challenges. Today, approximately 13,000 organizations rely on the company to help them raise money, manage their finances, improve operational effectiveness, and leverage the power of the Internet.
Published: Monday, May 9, 2016