Blackbaud Named to Software Magazine’s 27th Annual Software 500
Charleston, S.C., September 21, 2009 — Blackbaud, Inc. (Nasdaq: BLKB), the leading global provider of software and services designed specifically for nonprofit organizations, today announced its inclusion on the Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 27th year.
Blackbaud was ranked 133, with 2008 software and services revenue of $293.8 million and corporate revenue of $302.5 million and has been included in the annual ranking for more than a decade.
“The 2009 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $491.3 billion worldwide for 2008 representing 8.8% growth from the previous year,” says John P. Desmond, editor of Software Magazine and Softwaremag.com.
“The Software 500 helps CIOs, senior IT managers and IT staff research and create the short list of business partners,” Desmond says. “It is a quick reference of vendor viability. And the online version to be posted soon at www.Softwaremag.com is searchable by category, making it what we call the online catalog to enterprise software.”
The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.
“It is important for nonprofit organizations to feel confident that they are partnering with a company that is well positioned to support their evolving needs,” said Marc Chardon, Blackbaud’s chief executive officer. “Our investment in R&D is unmatched in the sector, and we are pleased to once again be recognized in the Software 500 ranking as the largest software company exclusively focused on nonprofits.”
Some 44 percent of the 2009 Software 500 companies are privately held.
Go to www.Softwaremag.com and click on subscribe to be among the first to see the 2009 Software 500. It is being released first in the digital publication to be distributed in mid-September.
The ranking is based on total worldwide software and services revenue for 2008. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world’s largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by King Content Co.