UMass Amherst Foundation Introduces Aspire Report on Philanthropy

The first issue of Aspire, a new biannual report conveying the impact of private gifts to the University of Massachusetts Amherst, is available online. The report uses bold, compelling photography and graphics to reflect the creativity and vision of those whose philanthropy propels the university forward.

Each issue of Aspire serves to steward individuals and organizations that donate to the university and demonstrate the importance of collective giving. The communication further raises awareness of priority areas of fundraising for the flagship campus among university stakeholders such as alumni,” said Michael Leto, vice chancellor for development and alumni relations.

Read the spring issue of Aspire online and download a PDF at www.umass.edu/aspire.

Aspire is a communication of the University of Massachusetts Amherst Foundation, which leads and supports all private fundraising on behalf of students, faculty, staff and friends.

Aspire reflects the foundation’s commitment to transparency and appreciation for all who support the university through service and philanthropy.

The production of Aspire is a collaboration between the Office of Development and Alumni Relations and University Communications in University Relations.

Warren named associate VP of development

Kathi Dantley Warren, currently the senior executive director of development for Duke Cancer Institute, has been named associate vice president of development at Rice University, effective July 10.

Kathi Dantley Warren

With more than 17 years of experience at higher education and medical institutions, Warren will be responsible for the day-to-day operations of individual fundraising programs and also oversee various departments within the Office of Development and Alumni Relations, including gift planning, major gifts, school-based fundraising and annual giving.

All of us at Rice are incredibly excited that Kathi will be joining the Development and Alumni Relations team,” said Vice President Darrow Zeidenstein. “Educated as a scientist, Kathi brings incredible smarts and a wealth of development experience from her work at Cornell and Duke, two of the best development programs in the country. I have zero doubt that both faculty and staff will enjoy working with Kathi as we seek to secure resources to enhance Rice’s mission.”

In her development role with one of the original eight comprehensive cancer centers designated by the National Cancer Institute, Warren transformed the fundraising program from a yearly $18 million enterprise to a $30 million enterprise and successfully completed a $200 million campaign.

Before joining the Duke Cancer Institute and Duke Health in Durham, N.C., in 2014, Warren served as assistant dean for alumni affairs and development at Cornell University’s College of Engineering, where she created its first alumni affairs and development strategic plan and alumni engagement plan. Over a four-year period she increased annual revenues by 245 percent – from $22.7 million to more than $56 million – and helped achieve the second-best fundraising year in the college’s history. Through philanthropy she also enabled the college to create and endow several new programs, including an engineering leadership program and teaching excellence institute.

“It gave me great joy to see the legacy that this created,” Warren said. “Faculty and students are benefiting from those programs that were the result of a partnership with donors and institutional leadership.”

Warren has an M.A. in cell and molecular biology and microbiology from Duke University and a B.A. in biology from Hampton University. She found herself drawn to the development profession after thinking about how she had been impacted as the recipient of an undergraduate scholarship and graduate fellowship. She learned more about the profession that made that scholarship and fellowship possible and became a development associate at the Robert H. Smith School of Business at the University of Maryland, College Park, where she worked her way up to associate director of development.

She met a refugee from an African country at a University of Maryland scholarship event for donors and recipients and kept in touch with him. After graduating, the refugee got a job at the United Nations and then returned to his home country to try to assist people there, but none of that would have happened if he had not received the scholarship. “That was hugely impactful,” Warren said. “The scholarship changed not only his life, but the lives of others.” She said experiences like this helped her to find meaning in the development profession. “It’s very rewarding,” she said.

Warren’s career in development includes more than 10 years of leading teams during fundraising campaigns of more than $1 billion. She said the best institutions find a way to blend the scientific tenets of fundraising with “the art of cultivating meaningful, lifelong relationships with an institution,” and Rice’s ability to do that was a key factor in her decision to join the university’s development team.

“Rice has an excellent story to tell and a visionary leader in President David Leebron,” Warren said. She noted that Rice’s prestige as a research institution, its liberal arts programs, its residential college system and its unique landscape in an urban setting are “very compelling and really engender not just investments but partnerships with donors” and can lead to “transformational gifts.”

Originally from Alexandria, Va., Warren said she is excited to come to Rice and to make a home in Texas for her family, which includes her husband, Stephen; her 11-year-old son, Bennett; and Pearl, a Piston terrier who is “the sweetest dog on the planet.” Warren is an avid sports enthusiast who likes to run, lift weights and play basketball with her son. She also enjoys cooking and acrylic painting.

TIO Networks Corp. Securityholders Overwhelmingly Approve Plan of Arrangement with PayPal Holdings, Inc.

SAN JOSE, Calif. & VANCOUVER, BC – PayPal Holdings, Inc. (Nasdaq: PYPL) and TIO Networks Corp. (TSXV: TNC), a cloud-based multi-channel bill payment processing and receivables management company, today announced that, at the special meeting of securityholders of TIO held on April 10, 2017 (the “Meeting”), securityholders of TIO overwhelmingly voted in favour of a special resolution to approve the proposed transaction, pursuant to which PayPal will indirectly acquire all of the issued and outstanding shares of TIO by way of a court-approved plan of arrangement (the “Arrangement”).

Approval of the Arrangement required approval by: (i) 66⅔% of the votes cast by shareholders present in person or represented by proxy at the Meeting; (ii) 66⅔% of the votes cast by securityholders present in person or represented by proxy at the Meeting, with shareholders and optionholders voting together as a single class; and (iii) a simple majority of the votes cast by shareholders present in person or represented by proxy at the Meeting, excluding the votes cast by such shareholders as are required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

At the Meeting, approximately 79.26% of the outstanding TIO shares and TIO options were represented in person or by proxy, of which 99.78% were voted in favour of the Arrangement. Approximately 99.75% of the shareholders other than shareholders whose votes were required to be excluded for the purposes of “minority approval” under MI 61-101 voted in favour of the Arrangement.

Completion of the Arrangement remains conditional on approval by the Supreme Court of British Columbia (the “Court”), obtaining regulatory approvals and certain other closing conditions. TIO intends to apply for a final order of the Court approving the Arrangement on April 13, 2017. Assuming that the conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that the closing of the Arrangement will be completed in the second half of 2017.

Further information about the Arrangement is set forth in the information circular and proxy statement in respect of the shareholder meeting which has been filed under TIO’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (Nasdaq: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s nearly 200 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PYPL financial information, visit https://investor.PayPal-corp.com.

About TIO Networks

TIO is a cloud-based multi-channel bill payment processing and receivables management provider, serving the largest telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate, and collect payments via self-service kiosk, retail walk-in, mobile, and web solutions. With approximately 60 million transactions processed in fiscal 2016 and a processing network that serves more than 10,000 billers, TIO symbolizes fast, convenient, and secure access to expedited bill payment services.

Visit www.tionetworks.com or join the conversation on Twitter and Facebook.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This announcement contains “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect PayPal’s and TIO’s expectations regarding the impact of the approval of the Arrangement by securityholders and the Court, the timing of TIO’s application for a final order of the Court approving the Arrangement and the timing of the closing of the Arrangement. Forward-looking statements may be identified by words such as “seek”, “believe”, “plan”, “estimate”, “anticipate”, expect”, “intend”, and statements that an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and any other similar expressions.

Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made. Factors that could cause or contribute to such differences include, but are not limited to, the timing and possible outcome of regulatory and court approvals in connection with the transaction, the possibility that the transaction may not close, the reaction to the transaction of TIO’s customers and business partners, the reaction of competitors to the transaction, the retention of TIO employees, PayPal’s plans for TIO, economic and political conditions in the global markets in which PayPal and TIO operate, the future growth of PayPal’s and TIO’s businesses and the possibility that integration following the transaction may be more difficult than expected. More information about these and other factors can be found in PayPal Holdings, Inc.’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the “SEC”), and its future filings with the SEC, and in TIO’s Management’s Discussion and Analysis for the quarter ended January 31, 2016 filed under TIO’s SEDAR profile at www.sedar.com.

There are no assurances PayPal and TIO can fulfill forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to the respective management teams as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing PayPal and TIO, some of which are beyond PayPal’s and TIO’s control. Although PayPal and TIO believe that any forward-looking statements and information contained in this press release are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information.

Neither PayPal nor TIO accept any responsibility for any financial or operational information contained in this press release relating to the business, results of operations or financial condition of the other. Each of PayPal and TIO expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

TIO Networks Corp. Securityholders Overwhelmingly Approve Plan of Arrangement with PayPal Holdings, Inc.

SAN JOSE, Calif. & VANCOUVER, BC – PayPal Holdings, Inc. (Nasdaq: PYPL) and TIO Networks Corp. (TSXV: TNC), a cloud-based multi-channel bill payment processing and receivables management company, today announced that, at the special meeting of securityholders of TIO held on April 10, 2017 (the “Meeting”), securityholders of TIO overwhelmingly voted in favour of a special resolution to approve the proposed transaction, pursuant to which PayPal will indirectly acquire all of the issued and outstanding shares of TIO by way of a court-approved plan of arrangement (the “Arrangement”).

Approval of the Arrangement required approval by: (i) 66⅔% of the votes cast by shareholders present in person or represented by proxy at the Meeting; (ii) 66⅔% of the votes cast by securityholders present in person or represented by proxy at the Meeting, with shareholders and optionholders voting together as a single class; and (iii) a simple majority of the votes cast by shareholders present in person or represented by proxy at the Meeting, excluding the votes cast by such shareholders as are required to be excluded pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).

At the Meeting, approximately 79.26% of the outstanding TIO shares and TIO options were represented in person or by proxy, of which 99.78% were voted in favour of the Arrangement. Approximately 99.75% of the shareholders other than shareholders whose votes were required to be excluded for the purposes of “minority approval” under MI 61-101 voted in favour of the Arrangement.

Completion of the Arrangement remains conditional on approval by the Supreme Court of British Columbia (the “Court”), obtaining regulatory approvals and certain other closing conditions. TIO intends to apply for a final order of the Court approving the Arrangement on April 13, 2017. Assuming that the conditions to closing are satisfied and the necessary regulatory approvals are obtained, it is expected that the closing of the Arrangement will be completed in the second half of 2017.

Further information about the Arrangement is set forth in the information circular and proxy statement in respect of the shareholder meeting which has been filed under TIO’s profile on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com.

About PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (Nasdaq: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s nearly 200 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PYPL financial information, visit https://investor.PayPal-corp.com.

About TIO Networks

TIO is a cloud-based multi-channel bill payment processing and receivables management provider, serving the largest telecom, wireless, cable, and utility bill issuers in North America. TIO integrates with the back office of billing systems to accept, validate, and collect payments via self-service kiosk, retail walk-in, mobile, and web solutions. With approximately 60 million transactions processed in fiscal 2016 and a processing network that serves more than 10,000 billers, TIO symbolizes fast, convenient, and secure access to expedited bill payment services.

Visit www.tionetworks.com or join the conversation on Twitter and Facebook.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This announcement contains “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect PayPal’s and TIO’s expectations regarding the impact of the approval of the Arrangement by securityholders and the Court, the timing of TIO’s application for a final order of the Court approving the Arrangement and the timing of the closing of the Arrangement. Forward-looking statements may be identified by words such as “seek”, “believe”, “plan”, “estimate”, “anticipate”, expect”, “intend”, and statements that an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and any other similar expressions.

Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made. Factors that could cause or contribute to such differences include, but are not limited to, the timing and possible outcome of regulatory and court approvals in connection with the transaction, the possibility that the transaction may not close, the reaction to the transaction of TIO’s customers and business partners, the reaction of competitors to the transaction, the retention of TIO employees, PayPal’s plans for TIO, economic and political conditions in the global markets in which PayPal and TIO operate, the future growth of PayPal’s and TIO’s businesses and the possibility that integration following the transaction may be more difficult than expected. More information about these and other factors can be found in PayPal Holdings, Inc.’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the “SEC”), and its future filings with the SEC, and in TIO’s Management’s Discussion and Analysis for the quarter ended January 31, 2016 filed under TIO’s SEDAR profile at www.sedar.com.

There are no assurances PayPal and TIO can fulfill forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to the respective management teams as of the date that such predictions are made; actual events or results may differ materially as a result of risks facing PayPal and TIO, some of which are beyond PayPal’s and TIO’s control. Although PayPal and TIO believe that any forward-looking statements and information contained in this press release are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information.

Neither PayPal nor TIO accept any responsibility for any financial or operational information contained in this press release relating to the business, results of operations or financial condition of the other. Each of PayPal and TIO expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

PayPal and Visa Extend Partnership to Accelerate Adoption of Digital and Mobile Payments across Asia Pacific

SINGAPORE, April 4, 2017 / / — PayPal (Nasdaq: PYPL) and Visa (NYSE:V) today announced an extension of their U.S. partnership in Asia Pacific that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in markets throughout the region.

This partnership makes it easier for Visa issuing banks in Asia Pacific to offer their cardholders the ability to checkout anywhere PayPal is accepted online. It also expands the use of PayPal to retailers that accept Visa in physical locations.

The agreement is an extension of the strategic partnership between PayPal and Visa in the United States, announced in July 2016 and provides joint growth opportunities based on the following:

  • Customer Choice: PayPal and Visa will create a more seamless experience for consumers who choose to pay with their Visa card at retailers that accept PayPal. Through collaboration with Visa bank partners, consumers will be able to easily add Visa cards into PayPal from other banking apps.
  • Digital collaboration: Visa and PayPal agree to extend participation in the Visa Digital Enablement Program (VDEP). VDEP provides Visa’s partners with access to tokenisation technology, which enables payment on mobile phones or any connected device. This will expand the use of PayPal to retailers that accept Visa in physical locations.
  • Joint service propositions for emerging markets: PayPal and Visa will work together to expand access to enable the use of electronic payments in emerging markets in the Asia Pacific region.
  • Easier and faster access to funds: Visa will provide the option for PayPal to leverage Visa Direct (Visa’s push payments solution), allowing PayPal customers to move funds to their Visa accounts in real time across multiple markets.

We could not be more proud of our extended partnership agreement with Visa in the Asia Pacific markets,” said Dr. Rohan Mahadevan, Senior Vice President for PayPal Asia Pacific. „This is a strong signal that our decision to partner in 2016 was the right thing to do for PayPal, Visa and our millions of merchants and consumers in this region. We look forward to partnering with Visa to offer more choice and better experiences together online, in app and in store within Asia Pacific.”

„Visa and PayPal are aligning our businesses to bring best in class payment services to the entire ecosystem,” said Chris Clark, Group Executive, Asia Pacific, Visa. „From emerging markets where we’ll give consumers greater access to electronic payments to driving more seamless ways to pay in developed markets, Visa and PayPal will deliver new commerce experiences across the region.”

About PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (Nasdaq: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s nearly 200 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PYPL financial information, visit https://investor.PayPal-corp.com.

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and .

To view the original version on , visit:http://www. .com/news-releases/paypal-and-visa-extend-partnership-to-accelerate-adoption-of-digital-and-mobile-payments-across-asia-pacific-300433928.html

SOURCE Visa; PayPal

PayPal, Yvonne Koh, YvonneKoh@paypal.com, +65 6510 6438, +65 8333 8718; Visa, Jillian Friant, jfriant@visa.com, +65 6671 5388, +65 9030 8381

Blackbaud Acquires Market Leading Scholarship Management Platform AcademicWorks

Acquisition to extend Blackbaud’s offerings for higher education, K-12, and corporate and foundation
customers, deepen connections between advancement and scholarship functions 

Charleston, S.C. (April 3, 2017) — Blackbaud, Inc. (NASDAQ: BLKB), the world’s leading cloud software company powering social good, today announced the acquisition of AcademicWorks, Inc., the market leader in scholarship management for higher education and K-12 institutions, foundations and grant-making institutions.

Anyone who has ever applied for, awarded, or managed a scholarship has experienced how much opportunity there is to streamline the application, tracking and notification process,” said Tim Hill, president of Blackbaud Higher Education Solutions. “Blackbaud agrees, and that’s why we’re so excited to announce the acquisition of AcademicWorks, which is revolutionizing this process for institutions, donors and students. Together, we’ll continue to improve scholarship management and deepen connections between advancement, stewardship and scholarship teams — and, ultimately, help drive life-changing outcomes for students.”

AcademicWorks is a cloud platform that enables students to apply for all awards at an institution using one intuitive and streamlined process, while offering schools and awarding institutions a common platform for improved awarding, reporting, compliance, communication and stewardship of those awards.

“With Blackbaud’s focus on offering our customers integrated, complete solutions to further their missions, this partnership is a great step forward,” said Mike Gianoni, president and CEO of Blackbaud. “Making AcademicWorks a part of Blackbaud will allow our customers to increase student access to available scholarship funds, enhance cross-functional visibility throughout the awarding and stewardship process and revolutionize donor communication for schools to help drive the cycle of giving and receiving. It’s another step forward in building a connected ecosystem of good that builds a better world.”

AcademicWorks brings a team with significant experience in developing cloud software, a reputation for excellent customer service, and a solution that has quickly emerged as the leader in its space, with over 500 universities, academic institutions and foundations leveraging its cloud platform, making it the world’s leading scholarship management provider.

“From the day we founded AcademicWorks in 2010, our goal has been to empower higher education and K-12 institutions, foundations and grant-making institutions with industry leading tools and innovation to manage scholarships,” said Brandon Phipps, CEO of AcademicWorks. “Blackbaud’s sector-leading R&D investments will help to accelerate our pace of innovation, and by building cohesive solutions, we can help customers drive unmatched efficiency and deepen connection between advancement, stewardship and the scholarship office,” added Joe Price, president of AcademicWorks.

According to AcademicWorks’ research, on some campuses, as much as 30 percent of scholarship funds have gone unutilized and many donors report limited communication and stewardship once scholarships are given, so there are tremendous opportunities for technology to support greater effectiveness in the process. Additionally, this acquisition offers powerful new opportunities to deepen connections across the ecosystem of good powered by Blackbaud solutions, connecting donors, grant-making institutions and education institutions to increase effectiveness and stewardship in scholarship management.

In the short term, Blackbaud will continue to sell AcademicWorks as a stand-alone solution. In the future, with AcademicWorks cloud solutions integrated with Blackbaud’s best-in-class higher education and K-12 fundraising, financial management and analytics solutions, higher education and K-12 institutions will be able to streamline critical functions and create a more modern, intuitive experience for students and the administration.

AcademicWorks is headquartered in Austin, Texas. Blackbaud is headquartered in Charleston, South Carolina, with operations around the globe, including in Austin, Texas. This acquisition also represents a positive development for Austin’s tech industry, where AcademicWorks is headquartered and Blackbaud has 300+ staff in a major office. All AcademicWorks staff is expected to transition to Blackbaud.

For more information, visit www.Blackbaud.com/Better-Together.

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 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 relationship management, digital marketing, advocacy, accounting, payments, analytics, school management, grant management, corporate social responsibility, and volunteerism. Serving the industry for more than three decades, Blackbaud is headquartered in Charleston, South Carolina and has operations in the United States, Australia, Canada, Ireland and the United Kingdom. For more information, visit www.blackbaud.com.

About AcademicWorks
Based in Austin, Texas, AcademicWorks provides the only comprehensive scholarship management solution focused on improving access to education through innovative technology. More than 500 institutions and foundations have revolutionized their scholarship management process with AcademicWorks. For more information, visit www.academicworks.com.

Blackbaud Media Contact
Nicole McGougan

Public Relations

843.654.3307
media@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.