Incorporated in 1982 as Blackbaud MicroSystems, the company was originally located on Long Island and served the software needs of independent schools. Blackbaud's first product, Student Billing (an accounts receivable program designed to run on a microcomputer), was written in 1981 for the Nightingale-Bamford School and led to the development of other accounting products and the decision to found Blackbaud. In recognition of Blackbaud's relationship with independent schools, the name Blackbaud was coined from "blackboard" and "baud," which is a computer term for the speed of data transmission. In 1992, the name of the company was shortened to Blackbaud, Inc.
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