Company Summary - Blackbaud, Inc.

Overview

Blackbaud, Inc. is a software company specializing in cloud-based solutions for nonprofit organizations, educational institutions, and other mission-driven entities. The company's focus is on providing technology to manage fundraising, financial management, customer relationships, marketing, and engagement efforts.

Cybersecurity and Risk Management

• The company emphasizes a comprehensive cybersecurity program that includes operational security, product security, incident response, and landscape analysis.
• It utilizes industry standards such as NIST Cybersecurity Framework, PCI DSS, SOC 1 & 2, GDPR, HIPAA, and the Trans-Atlantic Data Privacy Framework.
• Blackbaud participates with outside consultants for assessments and has established oversight for third-party vendor security.
• The company experienced a ransomware attack in May 2020, which is covered in their risk disclosures.
• Cybersecurity governance involves multiple committees, including the ORCAS Committee, Risk Steering Committee, and the Disclosure Committee, with oversight from the Board of Directors.

Corporate Governance

• The company's insider trading policy aims to promote compliance with securities laws.
• The Board of Directors oversees cybersecurity risks through its Risk Oversight Committee.

Regulatory and Reporting

• The company files detailed certifications and disclosures, including those related to cybersecurity, under Sarbanes-Oxley (SOX) sections 302 and 906.
• The filing mentions compliance with SEC rules, including iXBRL tagging.

Financial and Operational Details (not explicitly provided in the excerpt)

• Number of Customers: Not specified
• Employees: Not specified
• Revenue: Not specified
• Net Income: Not specified

Note: The provided text primarily details cybersecurity practices, governance, and regulatory disclosures, but does not include specific financial metrics or customer counts.