Exhibit 99.1

Blackbaud, Inc. Announces Third Quarter 2008 Results and Fourth Quarter 2008 Dividend

CHARLESTON, S.C. – November 3, 2008 – Blackbaud, Inc. (Nasdaq: BLKB), the leading provider of software and related services designed specifically for nonprofit organizations, today announced financial results for its third quarter ended September 30, 2008.

Marc Chardon, Chief Executive Officer of Blackbaud, stated, “Our third quarter financial results were in-line with our expectations, which we believe is a solid performance considering the difficult economic environment that deteriorated considerably over the course of the quarter. The resiliency of the Company is a testament to Blackbaud’s strong market position, industry leading products, attractive business model and solid management execution. It is uncertain when the macro environment will improve; however, we believe these factors will enable Blackbaud to continue delivering solid profitability and cash flow.”

Chardon continued, “While the uncertainty of the economic environment and volatility of the financial markets has led to an increasingly cautious buying environment, the Company has continued to make progress against its long-term growth initiatives. We have added a handful of new Enterprise CRM customers, international operations delivered solid third quarter results, our NetCommunity offering continued to show solid sales growth and the integration of the Kintera acquisition is proceeding very well. We believe progress against initiatives such as these, positions Blackbaud for improved revenue growth when the economic environment improves.”

For the quarter ended September 30, 2008, Blackbaud reported total revenue of $80 million. GAAP income from operations and net income were $11.5 million and $7.3 million, respectively, compared to GAAP income from operations of $15.3 million and net income of $8.8 million in the third quarter of 2007. GAAP diluted earnings per share were $0.17 for the quarter ended September 30, 2008, compared with $0.20 in the same period last year.

For the quarter ended September 30, 2008, non-GAAP revenue, including a $2.6 million revenue adjustment related to Kintera purchase accounting, was $82.7 million, an increase of 22% compared with the third quarter of 2007. Non-GAAP income from operations, which excludes stock-based compensation expense and amortization of intangibles arising from business combinations, was $19.2 million, an increase from $17.7 million in the same period last year. Non-GAAP net income was $11.4 million for the quarter ended September 30, 2008, an increase from $10.5 million in the same period last year. Non-GAAP diluted earnings per share were $0.26 for the quarter ended September 30, 2008, at the high-end of the Company’s guidance and an increase from $0.23 in the same period last year.

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 generated $26.5 million in cash from operations during the third quarter, and it repurchased approximately 311,000 common shares for approximately $6 million. On a year-to-date basis, the Company has repurchased approximately 1.8 million shares for approximately $42 million.

Timothy V. Williams, Chief Financial Officer of Blackbaud, stated, “The Company was able to deliver higher-than-expected non-GAAP operating profitability and EPS in the third quarter, while revenue was at the lower-end of our guidance. With the near-term growth of our target markets more uncertain due to the difficult economic environment, the Company is managing expenses closely in an effort to continue delivering solid profitability and cash flow for our shareholders. We believe we are well positioned to continue doing so based on our solid business model, which is characterized by over half of our revenue coming in the form of recurring maintenance and subscription revenue. In fact, in the third quarter, our subscription revenue was approximately twice the level of our license revenue – marking a significant milestone in the evolution of Blackbaud’s business model.”

Fourth Quarter 2008 Dividend and Share Repurchase Program

Blackbaud announced today that its Board of Directors has declared a fourth quarter dividend of $0.10 per share payable on December 15, 2008 to stockholders of record on November 28, 2008. Additionally, as of September 30, the Company had approximately $34 million remaining under its $40.0 million common stock share repurchase program that was authorized in May 2008.

Conference Call Details

Blackbaud will host a conference call today, November 3, 2008, at 5:00 p.m. (Eastern Time) to discuss the Company’s financial results, operations and related matters. To access this call, dial 888-812-8594 (domestic) or 913-312-1410 (international). A replay of this conference call will be available through November 10, 2008, at 888-203-1112 (domestic) or 719-457-0820 (international). The replay passcode is 7340974. A live webcast of this conference call will be available on the “Investor Relations” page of the Company’s Web site at www.blackbaud.com/investorrelations, and a replay will be archived on the Web site as well.

About Blackbaud

Blackbaud is the leading global provider of software and services designed specifically for nonprofit organizations, enabling them to improve operational efficiency, build strong relationships, and raise more money to support their missions. Approximately 22,000 organizations — including University of Arizona Foundation, American Red Cross, Cancer Research UK, The Taft School, Lincoln Center, InTouch Ministries, Tulsa Community Foundation, Ursinus College, Earthjustice, International Fund for Animal Welfare, and the WGBH Educational Foundation — use one or more Blackbaud products and services for fundraising, constituent relationship management, financial management, website management, direct marketing, education administration, ticketing, business intelligence, prospect research, consulting, and analytics. Since 1981, Blackbaud’s sole focus and expertise has been partnering with nonprofits and providing them the solutions they need to make a difference in their local communities and worldwide. Headquartered in the United States, Blackbaud also has operations in Canada, the United Kingdom, and Australia. For more information, visit www.blackbaud.com.

All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

Forward-looking Statements

Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks related to our dividend policy and share repurchase program, including potential limitations on our ability to grow and the possibility that we might discontinue payment of dividends; risks relating to restrictions imposed by the credit facility; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov upon request from Blackbaud’s investor relations department.

Non-GAAP Financial Measures

Blackbaud has provided in this release financial information that has not been prepared in accordance with GAAP. This information includes non-GAAP revenue, non-GAAP income from operations and

margin, non-GAAP net income and non-GAAP diluted earnings per share. Blackbaud uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Blackbaud’s ongoing operational performance. Blackbaud believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in Blackbaud’s industry, many of which present similar non-GAAP financial measures to investors. As noted, the non-GAAP financial results discussed above exclude stock-based compensation expense and costs associated with amortization of intangibles arising from business combinations and include revenue associated with the Kintera acquisition that is not recognizable under GAAP purchase accounting.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measure below. As previously mentioned, a reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release.

Investor Contact:

Tim Dolan

ICR

timothy.dolan@icrinc.com

617-956-6727

Media Contact:

Melanie Mathos

Blackbaud, Inc.

melanie.mathos@blackbaud.com

843-216-6200 x3307

SOURCE: Blackbaud, Inc.

Blackbaud, Inc.

Consolidated balance sheets

(Unaudited)

	September 30,			December 31,
(in thousands, except share amounts)	2008			2007
Assets
Current assets:
Cash and cash equivalents	$	12,303		$	14,775
Marketable securities		1,572			—
Donor restricted cash		14,942			—
Accounts receivable, net of allowance of $2,617 and $1,935 at September 30, 2008 and December 31, 2007, respectively		57,196			44,689
Prepaid expenses and other current assets		13,010			11,279
Deferred tax asset, current portion		6,166			2,276
Total current assets		105,189			73,019
Property and equipment, net		21,283			16,962
Deferred tax asset		69,436			51,696
Goodwill		74,423			58,275
Intangible assets, net		50,226			37,272
Other assets		505			470
Total assets	$	321,062		$	237,694
Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable	$	7,686		$	5,802
Accrued expenses and other current liabilities		23,805			20,575
Donations payable		14,942			—
Capital lease obligations, current portion		419			513
Debt, current portion		28,020			—
Deferred revenue		119,600			93,106
Total current liabilities		194,472			119,996
Capital lease obligations, noncurrent		281			586
Long-term debt, net of current portion		33,562			—
Deferred revenue, noncurrent		3,344			2,994
Other noncurrent liabilities		624			1,015
Total liabilities		232,283			124,591
Commitments and contingencies
Stockholders’ equity:
Preferred stock; 20,000,000 shares authorized, none outstanding		—			—
Common stock, $0.001 par value; 180,000,000 shares authorized, 50,750,044 and 50,450,675 shares issued at September 30, 2008 and December 31, 2007, respectively		51			50
Additional paid-in capital		113,671			105,687
Treasury stock, at cost; 7,249,753 and 5,431,852 shares at September 30, 2008 and December 31, 2007, respectively		(127,751	)		(85,487	)
Accumulated other comprehensive (loss) income		(63	)		137
Retained earnings		102,871			92,716
Total stockholders’ equity		88,779			113,103
Total liabilities and stockholders’ equity	$	321,062		$	237,694

Blackbaud, Inc.

Consolidated statements of operations

(Unaudited)

	Three months ended September 30,						Nine months ended September 30,
(in thousands, except share and per share amounts)	2008			2007			2008			2007
Revenue
License fees	$	8,099		$	8,549		$	27,337		$	27,646
Services		27,076			26,341			75,988			66,873
Maintenance		27,411			24,015			79,212			69,615
Subscriptions		15,547			7,063			33,342			17,395
Other revenue		1,965			1,867			6,157			5,496
Total revenue		80,098			67,835			222,036			187,025
Cost of revenue
Cost of license fees		1,011			699			2,660			1,979
Cost of services		16,703			14,583			47,301			40,305
Cost of maintenance		5,363			4,298			14,662			12,537
Cost of subscriptions		6,259			2,727			13,739			6,841
Cost of other revenue		1,970			1,736			5,841			4,872
Total cost of revenue		31,306			24,043			84,203			66,534
Gross profit		48,792			43,792			137,833			120,491
Operating expenses
Sales and marketing		16,686			14,616			47,597			41,756
Research and development		10,568			7,253			27,977			21,006
General and administrative		9,848			6,436			24,387			19,172
Amortization		190			143			524			325
Total operating expenses		37,292			28,448			100,485			82,259
Income from operations		11,500			15,344			37,348			38,232
Interest income		219			155			418			682
Interest expense		(603	)		(320	)		(821	)		(1,066	)
Other expense, net		(152	)		(343	)		(192	)		(420	)
Income before provision for income taxes		10,964			14,836			36,753			37,428
Income tax provision		3,648			6,028			13,407			14,661
Net income	$	7,316		$	8,808		$	23,346		$	22,767
Earnings per share
Basic	$	0.17		$	0.20		$	0.54		$	0.52
Diluted	$	0.17		$	0.20		$	0.53		$	0.51
Common shares and equivalents outstanding
Basic weighted average shares		42,668,276			43,557,370			43,112,209			43,524,815
Diluted weighted average shares		43,409,941			44,526,524			43,889,859			44,510,155
Dividends per share	$	0.100		$	0.085		$	0.300		$	0.255

Blackbaud, Inc.

Consolidated statements of cash flows

(Unaudited)

	Nine months ended September 30,
(in thousands)	2008			2007
Cash flows from operating activities
Net income	$	23,346		$	22,767
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		9,099			5,771
Provision for doubtful accounts and sales returns		4,018			2,275
Stock-based compensation expense		7,912			4,868
Excess tax benefit on exercise of stock options		(168	)		(2,304	)
Deferred taxes		1,837			7,961
Other non-cash adjustments		80			50
Changes in assets and liabilities, net of acquisition:
Donor restricted cash		(6,343	)		—
Accounts receivable		(12,516	)		(6,592	)
Prepaid expenses and other assets		(1,020	)		(562	)
Trade accounts payable		904			(1,035	)
Accrued expenses and other current liabilities		(5,459	)		3,301
Donations payable		6,343			—
Deferred revenue		19,963			13,342
Net cash provided by operating activities		47,996			49,842
Cash flows from investing activities
Purchase of property and equipment		(5,577	)		(4,731	)
Purchase of net assets of acquired companies		(49,927	)		(84,434	)
Net cash used in investing activities		(55,504	)		(89,165	)
Cash flows from financing activities
Proceeds from issuance of debt		86,000			48,000
Proceeds from exercise of stock options		696			2,402
Excess tax benefit on exercise of stock options		168			2,304
Payments on debt		(27,283	)		(38,422	)
Payments of deferred financing fees		(47	)		(418	)
Payments on capital lease obligations		(427	)		(335	)
Purchase of treasury stock		(40,338	)		(14,454	)
Dividend payments to stockholders		(13,196	)		(11,259	)
Net cash provided by (used in) financing activities		5,573			(12,182	)
Effect of exchange rate on cash and cash equivalents		(537	)		(96	)
Net decrease in cash and cash equivalents		(2,472	)		(51,601	)
Cash and cash equivalents, beginning of period		14,775			67,783
Cash and cash equivalents, end of period	$	12,303		$	16,182

Blackbaud, Inc.

Reconciliation of GAAP to Non-GAAP financial measures

(Unaudited)

	Three months ended September 30,						Nine months ended September 30,
(In thousands, except per share amounts)	2008			2007			2008			2007
GAAP revenue	$	80,098		$	67,835		$	222,036		$	187,025
Non-GAAP adjustments:
Add back: Kintera deferred revenue write-down		2,555			—			2,555			—
Total Non-GAAP adjustments		2,555			—			2,555			—
Non-GAAP revenue	$	82,653		$	67,835		$	224,591		$	187,025
GAAP gross profit	$	48,792		$	43,792		$	137,833		$	120,491
Non-GAAP adjustments:
Add back: Kintera deferred revenue write-down		2,555			—			2,555			—
Add back: Stock-based compensation expense (see table below)		566			274			1,534			733
Add back: Amortization of intangibles from business combinations (see table below)		1,735			826			3,541			2,047
Total Non-GAAP adjustments		4,856			1,100			7,630			2,780
Non-GAAP gross profit	$	53,648		$	44,892		$	145,463		$	123,271
Non-GAAP gross margin		65	%		66	%		65	%		66	%
GAAP income from operations	$	11,500		$	15,344		$	37,348		$	38,232
Non-GAAP adjustments:
Add back: Kintera deferred revenue write-down		2,555			—			2,555			—
Add back: Stock-based compensation expense (see table below)		3,234			1,357			7,912			4,868
Add back: Amortization of intangibles from business combinations (see table below)		1,925			969			4,065			2,372
Total Non-GAAP adjustments		7,714			2,326			14,532			7,240
Non-GAAP income from operations	$	19,214		$	17,670		$	51,880		$	45,472
Non-GAAP operating margin		23	%		26	%		23	%		24	%
GAAP net income	$	7,316		$	8,808		$	23,346		$	22,767
Non-GAAP adjustments:
Add back: Total Non-GAAP adjustments affecting income from operations		7,714			2,326			14,532			7,240
Add back: Tax impact related to Non-GAAP adjustments		(3,636	)		(665	)		(6,594	)		(2,759	)
Non-GAAP net income	$	11,394		$	10,469		$	31,284		$	27,248
GAAP shares used in computing diluted earnings per share		43,410			44,527			43,890			44,510
Non-GAAP adjustments:
Add back: Incremental shares related to dilutive securities		508			319			498			379
Shares used in computing Non-GAAP diluted earnings per share		43,918			44,846			44,388			44,889
Non-GAAP diluted earnings per share	$	0.26		$	0.23		$	0.70		$	0.61
Detail of Non-GAAP adjustments:
Stock-based compensation expense:
Cost of revenue
Cost of services	$	360		$	187		$	1,012		$	526
Cost of maintenance		138			52			369			151
Cost of subscriptions		68			35			153			56
Subtotal		566			274			1,534			733
Operating expenses
Sales and marketing		424			23			1,005			544
Research and development		581			260			1,609			795
General and administrative		1,663			800			3,764			2,796
Subtotal		2,668			1,083			6,378			4,135
Total stock-based compensation expense	$	3,234		$	1,357		$	7,912		$	4,868
Amortization of intangibles from business combinations:
Cost of revenue
Cost of license fees	$	80		$	43		$	166		$	110
Cost of services		336			318			1,004			851
Cost of maintenance		370			110			566			291
Cost of subscriptions		931			327			1,749			730
Cost of other revenue		18			28			56			65
Subtotal		1,735			826			3,541			2,047
Operating expenses		190			143			524			325
Total amortization of intangibles from business combinations	$	1,925		$	969		$	4,065		$	2,372