Blackbaud history

By 1982, Bakker's expanded client list allowed him to quit his day job as a banker and he incorporated Blackbaud Microsystems.

In 1989 Bakker, in search of a warmer climate and a less expensive place to operate than New York City, relocated Blackbaud to South Carolina, initially to Mount Pleasant.

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.

Then in 1997 Blackbaud swallowed its chief challenger, Indianapolis, Indiana-based Master Software Inc., and in one stroke doubled its customer base.

Sales reached $65.6 million in 1998 and the company realized a healthy profit of $21.7 million.

Those numbers would grow in 1999 to revenues of $92 million and earnings of nearly $25 million.

In 2000, Robert Sywolski became CEO of Blackbaud.

Blackbaud also added to its offerings through the 2001 acquisition of a competitor that brought with it ProspectPoint, a data-mining tool that helped an organization determine who was most likely to donate money.

Blackbaud then in February 2002 introduced the latest suite of financial software programs, called The Financial Edge.

In 2003 Blackbaud unveiled three more products, all of which could be integrated into The Raiser's Edge program.

Chardon took over a company that produced $166.3 million in sales in 2005 and net income of $33.3 million.

Business continued to improve in 2006 and Blackbaud became a favorite of Wall Street's institutional investors, its price topping $25 per share in October 2006 and continuing to climb.

Blackbaud acquired Kintera in 2008.

Boor joined Blackbaud as the company's chief financial officer in 2011.

In 2012, the company acquired Convio.

Michael Gianoni was named the new president and CEO for Blackbaud in November 2013.

Blackbaud acquired MicroEdge in 2014 for $160 million.

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 (SaaS) provider focused on increasing corporate giving and volunteering for nonprofits and causes.

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.