Will partner with Blackbaud to centralize and optimize data from 40
fundraising units and 1,000 users
CHARLESTON, S.C.--(BUSINESS WIRE)--Aug. 31, 2009--
Blackbaud, Inc. (Nasdaq: BLKB), the leading global provider of software
and related services designed specifically for nonprofit organizations,
today announced that the University of Michigan, one of the world’s
premiere research universities, has selected Blackbaud
Enterprise CRM™ and Target
Analytics® to replace its system-wide fundraising
technology and prospect research services.
“We are pleased to partner with the University of Michigan to enhance
its development efforts and build even stronger relationships with its
many constituents,” said Marc Chardon, Blackbaud’s chief executive
officer. “Working together, we will centralize and optimize data from
over 40 fundraising units, increase the effectiveness of 1,000 users,
and ultimately achieve the University’s goals of better serving
constituents, increasing support, and improving the overall user
experience.”
Founded in 1817, the University of Michigan has stood as the national
model for large public universities for more than a century. With an
enrollment of more than 41,000 undergrad and graduate students, it is
Michigan's oldest university system. The University’s endowment is the
7th largest in the country and 2nd largest among public institutions
according to data compiled by the National Association of College and
University Business Officers.
Last year, the University selected Blackbaud Enterprise CRM to undergo a
comprehensive assessment to ensure that the solution could support its
complex needs. Blackbaud completed the assessment successfully and
demonstrated that the solution’s future development path fit the
University’s evolving needs.
On August 28, 2009, the University contracted with Blackbaud for a full
implementation. Blackbaud Enterprise CRM will provide the University
with enhanced capabilities in fundraising, marketing, prospect research,
volunteer and event management, and website administration. In addition,
the solution will provide highly flexible reporting and analytical
capabilities, strong data security and end-user access administration,
and out-of-the-box technical tools to support configuration and
customization options.
Blackbaud Enterprise CRM will centralize data from more than 40
University fundraising units located on three different campuses and
from more than 1,000 users that access constituent information in
different ways and require different views of the data. In addition, the
solution will provide improved reporting and information deployment,
integration with other University systems, streamlined accounting, and
technical support activities.
Additionally, the University’s prospect research team will partner with
Blackbaud’s Target Analytics division to provide the University’s gift
officers with real-time data and prospect information. The University’s
team will use the prospect research functionality powered by ResearchPoint™
in Blackbaud Enterprise CRM to build comprehensive prospect profiles.
The University will also use Target Analytics services including ProspectPoint®
and its complete giving set of custom modeling to assess prospects’
ability and likelihood to make gifts, and WealthPoint®
for ongoing wealth updates and individual searching.
From a financial perspective, Blackbaud expects to recognize revenue
related to this contract over the next two to three years and does not
expect a material revenue impact during 2009.
With more than 25 years of experience serving higher education
institutions, Blackbaud has partnered with over 1,900 universities,
colleges, and foundations worldwide by providing solutions that help
secure funding, demonstrate accountability, and build strong
relationships with alumnae/alumni, students, parents, and supporters.
For more information about Blackbaud’s solutions for higher education
organizations, visit www.blackbaud.com/highered.
About the University of Michigan
Founded in 1817, the University of Michigan is a leading public
university known for research, interdisciplinary programs, international
outreach, academics, and athletics. The University is renowned for its
interdisciplinary research initiatives, such as nanoscience and
technology, energy, and life sciences. It includes an award-winning
health care system, which consistently ranks high on the Honor Roll of
America's Best Hospitals compiled by U.S. News and World Report and
three regional campuses (Ann Arbor, Flint, and Dearborn). Last year, U-M
completed an historical $3.2 billion campaign, called the Michigan
Difference. At the time, it was the largest amount ever raised by a
public university. www.umich.edu.
About Blackbaud
Blackbaud is the leading global provider of software and services
designed specifically for nonprofit organizations, enabling them to
improve operational efficiency, build strong relationships, and raise
more money to support their missions. Approximately 22,000 organizations
— including University of Arizona Foundation, American Red Cross, Cancer
Research UK, The Taft School, Lincoln Center, In Touch Ministries,
Tulsa Community Foundation, Ursinus College, Earthjustice,
International Fund for Animal Welfare, and the WGBH Educational
Foundation — use one or more Blackbaud products and services for fundraising,
constituent
relationship management, financial
management, website
management, direct
marketing, education
administration, ticketing,
business
intelligence, prospect
research, consulting,
and analytics. Since 1981, Blackbaud’s sole focus and expertise has been
partnering with nonprofits and providing them the solutions they need to
make a difference in their local communities and worldwide.
Headquartered in the United States, Blackbaud also has operations in
Australia, Canada, the Netherlands, and the United Kingdom. For more
information, visit www.blackbaud.com.
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.
Source: Blackbaud
Blackbaud, Inc.
Melanie Mathos, 843-216-6200 x3307
melanie.mathos@blackbaud.com