Blackbaud Makes Forbes List a 3rd Time

The Daniel Island-based company, which develops financial-systems software for the nonprofit industry, made Forbes magazine's list of 200 Best Small Companies in America.

Publicly traded Blackbaud was ranked 73rd based on return-on-equity, sales growth and profit over the past year and the past five years, along with a comparison to its peers in terms of stock performance.

This year marked Blackbaud's third time on the Forbes list. Blackbaud placed 137th in Software magazine's Software 500, a revenue-based ranking of the world's largest software and services suppliers. The company has held a position on that list for more than a decade. John P. Desmond, editor of Software magazine and Softwaremag.com, said the annual compilation is "a quick reference of vendor viability."

Blackbaud's third-quarter financial results are to be released after the stock markets close today.