BLKB Unveils Donation Forms for New Zealand & Australia Customers

Core Message - Blackbaud Inc (BLKB) has launched Optimized Donation Forms for Raiser's Edge NXT users in Australia and New Zealand, extending its donation solutions to a wider global audience [1][3] - The company aims to support nonprofits in increasing donations, enhancing donor experiences, and streamlining administrative processes through its donation forms [2][3] - Blackbaud's new donation forms have already shown impressive results for US customers, with a 10% growth in conversion rates and a 61% rise in average donation amounts [6] Product Features - Blackbaud Optimized Donation Forms minimize decision-making, improve donor experience, and boost click-to-donation-conversion rates [4] - These mobile-first forms integrate seamlessly into websites, allowing direct payments without additional web pages, and can be customized with images and mission statements [4] - Standard Donation Forms are ideal for targeted campaigns requiring additional data collection, offering full customization and a Recurring Gift Upsell feature to retain donors [5] Strategic Partnerships and Growth - Blackbaud has expanded its partnership with Microsoft to incorporate Microsoft AI and analytics into its software, eliminating the need for expensive customizations [9] - The company partnered with Flywire Corporation to improve the payment experience for international students paying tuition fees at US K-12 private and independent schools [8] - The social sector contributed 89% to the company's third-quarter revenues, marking a 6.6% year-over-year rise, with contractual recurring revenues growing 6.8% and transactional recurring revenues rising 6.6% [9] Challenges and Divestitures - Blackbaud has faced slow growth due to challenges in its EVERFI business and weak performance in the corporate sector [10] - The company officially announced the sale of its EVERFI business to an independent private investment firm, finalizing the transaction on Dec 31, 2024, for a nominal amount [10] Stock Performance and Industry Comparison - Blackbaud currently carries a Zacks Rank 3 (Hold), with its shares declining 9.4% over the past year against the industry's growth of 11.1% [11] - Better-ranked stocks in the broader technology space include Ubiquiti Inc (UI), InterDigital Inc (IDCC), and RADCOM Ltd (RDCM), with UI and IDCC sporting a Zacks Rank 1 (Strong Buy) and RDCM carrying a Zacks Rank 2 (Buy) [12][13][14][15]