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Blackbaud Launches New Accountant Referral Program

Blackbaud, Inc. (Nasdaq: BLKB) today announced its new Accountant Referral Program, providing software incentives and additional resources to accountants that choose to refer The Financial Edge®, its comprehensive fund accounting solution, to their nonprofit clients.

“As a member of Blackbaud’s new Accountant Referral Program, we can feel good about presenting our nonprofit clients with an accounting solution that works the way they do,” said Stuart C. Rosenberg, CPA and president of Solutions@MBAF, LLC. “With The Financial Edge, we are choosing to recommend a platform that comes with unparalleled expertise in reporting, grant and restricted giving management, and workflows designed specifically for nonprofit organizations.”

In addition to a referral bonus (with the ability to pass this along to nonprofit clients), all accountant members receive access to free educational trainings, "sandbox" demo environments and sneak peeks at upcoming product launches.

“CPAs represent a very important professional workforce whose assistance nonprofits continually rely on,” said Scott Bechler, who leads Blackbaud’s partnership program. “Blackbaud’s new Accountant Referral Program will provide CPAs the knowledge and resources they need to help advise nonprofit organizations on financial software that best meets their unique needs.”

Blackbaud will feature the accountant referral program at the 2012 AICPA National Not-for-Profit Industry Conference, which will be held June 21 to 22 in Washington, D.C. As one of the event sponsors, Blackbaud will also lead the educational session “Leveraging Accountability: Enhance Your Value to Nonprofit Clients” at 7 a.m. E.T. on Thursday, June 21 and will offer demonstrations of The Financial Edge and the new Blackbaud Strategic Benchmarking service in booth 206.

The Financial Edge is a comprehensive fund accounting solution designed to transform data by supporting advanced reporting, grant management, restricted fund management, nonprofit-specific workflows and collaboration with the fundraising department. Blackbaud Strategic Benchmarking is a new service that helps nonprofits quickly analyze the financial health of their organizations and compare themselves against sector peers using real-time benchmarking.

Free resources for nonprofit financial professionals

Blackbaud recently released a new white paper, Why Nonprofits Need Nonprofit Accounting Software, focused on managing unique revenue streams. The paper covers regulations and standards nonprofits face, how to support distinct nonprofit business processes, nonprofit reporting and budgeting, accountability, donor stewardship and intent, and internal controls. In addition, Blackbaud is hosting a series of web seminars If You Were Using the Financial Edge, You'd be Done by Now! to introduce how The Financial Edge can meet the unique needs of nonprofits.

To download the white paper or to register for a free web seminar, visit www.blackbaud.com/donebynow.

About Blackbaud

Serving the nonprofit and education sectors for 30 years, Blackbaud (NASDAQ: BLKB) combines technology and expertise to help organizations achieve their missions. Blackbaud works with more than 27,000 customers in more than 60 countries that support higher education, healthcare, human services, arts and culture, faith, the environment, independent 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, social media, advocacy, constituent relationship management (CRM), analytics, financial management, 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 employees throughout the US, and in Australia, Canada, Hong Kong, Mexico, the Netherlands, and the United Kingdom.

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.

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