Blackbaud Delivers Solid 1Q Results Despite Tough Comps, Acquires Reeher; Raising FVE to $107
Blackbaud reported first-quarter results that were largely in line with our expectations, as the firm continues to transition its business toward recurring revenue streams. The company also announced another small, bolt-on acquisition in Reeher, a Minnesota-based fundraising performance management firm. The $40 million deal will be modestly accretive to revenue and slightly dilutive to operating margins, though management’s full-year guidance inclusive of the acquisition remains unchanged. We wi...Blackbaud is a cloud software company. The company is engaged in providing software solutions in cloud and hosted environments, providing payment and transaction services, providing software maintenance and support services, and providing services, including implementation, consulting, training, analytic and other services. The company's portfolio provides fundraising and relationship management, marketing and engagement, financial management, grant and award management, organizational and program management (such as education management, church management and ticketing), social responsibility, payment services and analytics.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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