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May 6th, 2019

Charleston Software Firm Blackbaud Hikes Spending to Accelerate Growth

Insight

Blackbaud Inc. is looking to spend money to make money.

In reporting earnings last week, the Daniel Island-based software provider said its operating expenses climbed to $114.4 million in the first quarter, 16 percent more than a year before.

Higher spending comes as Blackbaud, one of South Carolina's largest technology employers with about 3,400 workers worldwide, increases the headcount on its sales team and pushes a growth strategy.

CEO Mike Gianoni told investors and analysts during a conference call Wednesday the sales force grew by 20 percent last year. The company plans to continue to hire aggressively in 2019, he added. Read more HERE.

Mary Katherine Wildeman  /  Post and Courier