Blackbaud, Inc. (BLKB)

[Penny Roger$]

Blackbaud, Inc. is a global provider of software and related services designed specifically for nonprofit organizations. Its customers operate in multiple verticals within the nonprofit market, including education, foundations, health and human services, religion, arts and cultural, public and societal benefits, environment and animal welfare, and international foreign affairs. Its segments include Enterprise Customer Business Unit, General Markets Business Unit and International Business Unit. It derives revenue from selling perpetual licenses or charging for use of its software products in a hosted environment and providing an offering of services, including consulting, training, installation and implementation, as well as ongoing customer support and maintenance. Consulting, training and implementation are not essential to functionality of its software products and are sold separately. On May 12, 2010, it acquired Target America, Inc. On October 1, 2010, it acquired NOZA, Inc.