Blackbaud

Blackbaud's history traces back to 1981, when Blackbaud founder Anthony Bakker developed a computerized billing system for the Nightingale-Bamford School in Manhattan, New York City. By 1982, Bakker's expanded client list allowed him to quit his day job as a banker and he incorporated Blackbaud Microsystems. Bakker's new company was headquartered in New York City. Blackbaud's first product was Student Billing, an accounts receivable system geared toward private grade schools. The company's flagship product, The Raiser's Edge, was developed from its Student Billing product.The company had 75 employees in 1989, when it decided to relocate from New York City due to high operational costs. Blackbaud relocated to Mount Pleasant, South Carolina, with the help of a $750,000 business loan. Of the company's original 75 employees, 30 remained in a support and training office in New York City and 15 relocated to Blackbaud's new South Carolina headquarters. In 1992, the company outgrew its Mount Pleasant headquarters and relocated to North Charleston, South Carolina.In 1994, Blackbaud converted its software offerings from DOS to Windows 95. This decision led to a sales increase from $19 million in 1995 to $26 million in 1996. During this time Blackbaud acquired multiple DOS-based competitors, including ACOMS of Burlington, Massachusetts; Master Systems Inc. of Pinole, California; and Blackbaud's "chief challenger", Master Software of Indianapolis, Indiana. Blackbaud's acquisition of Master Software doubled its customer base.Blackbaud began using value-added resellers in 1998, which further expanded the company's customer base. In 2000, Robert Sywolski became CEO of Blackbaud. Sywolski had previously served as CEO of North American operations for Cap Gemini, an international consulting firm.Blackbaud successfully completed its initial public offering in 2004. Sixteen months later, in November 2005, Marc Chardon replaced Sywolski as Blackbaud CEO. Chardon had previously served as chief financial officer of Microsoft's information worker group, which developed Microsoft Office among other products.Blackbaud acquired Campagne Associates in 2006. The company added both Target Software and Target Analysis Group in 2007. Target Software developed large-scale database management solutions while the Target Analysis Group focused primarily on data mining for nonprofits. Later that year, Blackbaud also acquired eTapestry, an online donor management tool.Blackbaud acquired Kintera in 2008. In 2012, the company acquired Convio.In early 2013, Blackbaud announced that CEO Marc Chardon would leave the company by the end of that year. Anthony Boor became Blackbaud's interim CEO in August 2013. Boor joined Blackbaud as the company's chief financial officer in 2011. He was credited with leading Blackbaud's acquisition of Convio.Michael Gianoni was named the new president and CEO for Blackbaud in November 2013.Blackbaud acquired MicroEdge in 2014 for $160 million. MicroEdge was a software provider to foundations, with about 2,000 customers.

In October 2017, Blackbaud completed a £95m, about $127.4 million, purchase of JustGiving.In April 2018, Blackbaud acquired Reeher, a St. Paul, Minnesota-based predictive modeling platform for colleges and universities, for $40 million.In January 2019, Blackbaud acquired YourCause, a software as a service provider focused on increasing corporate giving and volunteering for nonprofits and causes.

Cyber attack

In May 2020, Blackbaud fell victim to a cyber attack. Customer data was stolen and Blackbaud paid the criminals a ransom in exchange for "credible confirmation" that the stolen data was deleted. Customers who were affected include at least twenty universities and charities based in the United Kingdom, the United States, the Netherlands and Canada. Blackbaud externally disclosed the incident in July 2020, weeks after the company learned about the attack. Blackbaud received criticism for paying the hackers' ransom and its delay in disclosing the attack, as large data breaches must be reported to data authorities within 72 hours of learning about an incident under European General Data Protection Regulations. In a September 29, 2020 Form 8-K filing, Blackbaud CFO Tony Boor admitted, contrary to earlier claims, that customer "bank account information, social security numbers, usernames and/or passwords" were compromised.