Blackbaud, Inc. Announces Fourth Quarter and Full Year 2008 Results

A reconciliation of GAAP to non-GAAP results has been provided in the financial statement tables included in this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

The Company ended the quarter with $16.4 million in cash, with the increase in cash driven primarily by $12.3 million in cash from operations.