Essential News

Leading cloud software company creates jobs to help boost economic and industry growth in country , better support its global customer base

San José, Costa Rica, June 4, 2018 — Blackbaud, Inc., (NASDAQ: BLKB), the world’s leading cloud software company powering social good, is pleased to announce the company will open an office in San José, Costa Rica. The rapidly growing company serves customers who work in over 50 countries, and this news highlights Blackbaud’s latest international expansion and first presence in Latin America.

The Minister of Foreign Trade in office, Duayner Salas, commented: "During the last years, the services sector has represented over 40 percent of our exports and consolidated as a strong driver of our development, contributing continuously to the resilience of the national economy and facing the new global challenges. Today, we celebrate Blackbaud’s arrival, highlighting its trajectory of more than thirty years in the digital technologies market. We are honored that Costa Rica becomes the first service center in Latin America, from where this company will provide highly innovative and disruptive services, such as cloud software and data intelligence. We also reaffirm our gratitude for the vote of confidence placed in the country, and our commitment to continue working on strengthening our investment climate.”

“As the world’s leading cloud software company powering social good, we’re committed to providing the very best experience for our customers around the world,” said Mike Gianoni, Blackbaud president and CEO. “We chose to open an office in Costa Rica because of the great economic climate, talented workforce and growing tech sector – it’s a place where we know our company culture can thrive and where we can build a high-impact team committed to the continued success of our customers, which is our focus, day in and day out.”

For the first hiring phase, the company is seeking to fill positions related to computer engineering, software implementation and technical support, among others. “Blackbaud’s vision is to power an ecosystem of good that builds a better world, and to accomplish this, we need a diverse group of talented people to join our team,” said Althaf Sheriff, Blackbaud’s country director, Costa Rica. “I’m excited about the opportunity to build a foundation in Costa Rica that will serve Blackbaud for many years to come.”

Jorge Sequeira, Managing Director at CINDE, commented: “The services sector in Costa Rica gathered at the end of 2017 a total of 157 companies. Blackbaud will be part of the digital technologies sub-sector, betting on Costa Rica and its human talent to deliver quality services to all its clients in the Americas and the Caribbean, as it consolidates its business around the world. We are sure that the company will continue growing here, generating more quality opportunities for the Costa Ricans.”

Those interested in applying to a job position in the company, can send their resume to the following email address: CRRecruitment@blackbaud.com.

About Blackbaud

Blackbaud (NASDAQ: BLKB) is the world’s leading cloud software company powering social good. Serving the entire social good community—nonprofits, foundations, corporations, education institutions, healthcare institutions and individual change agents—Blackbaud connects and empowers organizations to increase their impact through software, services, expertise, and data intelligence. The Blackbaud portfolio is tailored to the unique needs of vertical markets, with solutions for fundraising and CRM, marketing, advocacy, peer-to-peer fundraising, corporate social responsibility, school management, ticketing, grantmaking, financial management, payment processing, and analytics. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada and the United Kingdom. For more information, visit www.blackbaud.com.

For media inquiries

Carlos Morales

CINDE

cmorales@cinde.org

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.