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Investor Presentaiton

Acquisitions grow the revenue base and accelerate growth Acquisition Strategy: SMART TUITION™ JustGiving™ ◇ academicworks Reeher Your Cause ~$175M Expand TAM into recurring revenue contribution from recent acquisitions near adjacencies Accelerate shift to the cloud Accelerate revenue growth Accretive to operating margins 2016 2017 2018 2019 2020 Non-GAAP recurring revenue from acquisitions of Smart Tuition, AcademicWorks, JustGiving, Reeher, and YourCause; acquisition criteria calls for investments to be accretive to operating margins over time. blackbaud 27

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