Twenty-five year software veteran brings proven operational and
product development experience
CHARLESTON, S.C.--(BUSINESS WIRE)--Nov. 13, 2013--
Blackbaud, Inc. (Nasdaq: BLKB),
a leading global provider of software and services designed for
nonprofits, today announced that Michael P. Gianoni has been named
president and chief executive officer, effective January 13, 2014.
Gianoni will also join the Blackbaud Board of Directors, effective upon
becoming chief executive officer. Anthony Boor, who has served as
interim president and chief executive officer since August 31, 2013,
will maintain that role until January 13, 2014, after which he will
continue to serve as chief financial officer and senior vice president,
finance and administration.
Blackbaud Names Michael P. Gianoni President and Chief Executive Officer (Photo: Business Wire)
Gianoni, 52, brings extensive experience critical to Blackbaud’s growth,
operational excellence and market leadership goals. Most recently, he
served as executive vice president and group president, Financial
Institutions Group at Fiserv, Inc. (Nasdaq: FISV), a leading global
provider of financial services technology solutions. He
previously served as president of the Investment Services division at
Fiserv, where he was responsible for product, technology, sales,
finance, operations and strategy.
“After conducting a thorough search process, we are excited to announce
Mike's appointment as president and CEO of Blackbaud,” said Andrew
Leitch, chairman of the Blackbaud Board of Directors. “His significant
experience and expertise in software solutions and product development
make him the ideal candidate to lead Blackbaud during its next phase of
growth. In addition to his extensive industry background, he has a
proven track record of delivering operational excellence and scaling a
technology business.
“On behalf of the Board, I would like to thank Tony for his dedication
to the team as interim CEO. We look forward to his continued
contributions in the coming months in this role and as chief financial
officer. Mike’s skills, coupled with Tony’s financial acumen, together
with the rest of the management team, will help guide the company to
further enhance innovation, simplify and strengthen our product
portfolio, respond to the market demand for SaaS technology and improve
operational excellence while delivering greater value to both our
customers and shareholders.”
Gianoni joined Fiserv as part of its acquisition of CheckFree, where he
served as executive vice president and general manager of CheckFree
Investment Services. He spent 11 years at DST Systems Inc. where he led
various divisions focused on developing new platforms while ensuring
stronger operational controls. Earlier in his career, Gianoni worked at
Applications Systems Group, Sequent Computer Systems, Wang Laboratories,
U.S. Design Corporation and Canberra Industries.
“It is a privilege to join the Blackbaud team at such an exciting time
in the company’s growth,” said Gianoni. “Blackbaud has a rich history of
supporting the missions of nonprofit organizations, and I look forward
to further extending the company’s contributions to this vital sector
and building on its track record of success.”
Gianoni received his associate degree in electrical engineering at
Waterbury State Technical College, his bachelor’s degree with a business
concentration from Charter Oak State College and his masters of business
administration degree from the University of New Haven. He will be based
out of Blackbaud’s Charleston headquarters.
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 29,000 customers
in over 60 countries that support higher education, healthcare, human
services, arts and culture, faith, the environment, independent K-12
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,
advocacy,
constituent
relationship management (CRM), financial
management, payment
services, analytics
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 operations in the United States,
Australia, Canada, the Netherlands and the United Kingdom. For more
information, visit www.blackbaud.com.
Forward-Looking Statements
This news release contains forward-looking statements that are subject
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including, but not limited to, statements regarding
the ability of our incoming CEO to drive increases in shareholder value.
These statements 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: management of integration of acquired companies and other
risks associated with acquisitions; the ability to attract and retain
key personnel; general economic risks; uncertainty regarding increased
business and renewals from existing customers; continued success in
sales growth; risks associated with successful implementation of
multiple integrated software products; risks related to our leverage,
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
organizations; 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.
Blackbaud assumes no obligation and does not intend to update these
forward-looking statements, except as required by law. All Blackbaud
product names appearing herein are trademarks or registered trademarks
of Blackbaud, Inc.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20131113006658/en/
Source: Blackbaud, Inc.
Blackbaud, Inc.
Melanie Mathos, 843-216-6200 x3307
media@blackbaud.com
or
ICR
Brian
Denyeau, 646-277-1251
brian.denyeau@icrinc.com