Charleston software firm Blackbaud hikes spending to accelerate growth

Blackbaud will invest $154M and create 300 jobs in an expansion of its existing world headquarters operations in Charleston, SC.

Higher spending comes as Blackbaud, one of South Carolina’s largest technology employers with about 3,400 workers worldwide, increases the headcount on its sales team and pushes a growth strategy. CEO Mike Gianoni told investors and analysts during a conference call Wednesday the sales force grew by 20 percent last year. The company plans to continue to hire aggressively in 2019, he added.

BLKB $100.04 $2.92 (2.92%) Blackbaud, Inc. provides software and services for nonprofit, charitable giving and education communities. It operates through the following segments: Enterprise Customer Business Unit, General Markets Business Unit, International Business Unit and Target Analytics.

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Charleston Battery. "Our philanthropy partnership with Blackbaud has become a vital part of the Charleston Battery game-day experience" – Andrew Bell, President, Charleston Battery Partners in Philanthropy Continued on following page Partners in Philanthropy – Blackbaud and the Charleston Battery

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Nonprofit software and technology giant Blackbaud has gobbled up competitors or added complementary firms to their stable of offerings to the tune of $431.3 million during the past few years. Last month’s announcement of its intent to spend $275 million for archrival Convio is just the latest ingestion.

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community–nonprofits, foundations, companies, education institutions, healthcare organizations and individual change agents-blackbaud connects and empowers organizations to increase their impact through cloud software, services, expertise, and data intelligence.

Blackbaud Announces 2017 Third Quarter Results. Blackbaud SKY is fueling our strong revenue growth, which is becoming increasingly stable and predictable, as we shift our mix of revenue towards.

Resources Blackbaud Institute resources provide bestinclass research to accelerate the impact of the philanthropic community. The Institute shares intelligent perspectives on best practices, legislation, and trends in the sector.

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Charleston software firm Blackbaud hikes spending to accelerate growth key investments included beefing up the Daniel Island-based tech company’s sales force. Tags