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Uncertainty derails $2.5 trillion in global construction activity projected for 2025

Currie & Brown launches Construction Certainty Index to help organisations navigate rising volatility

LONDON, Sept. 30, 2025 /PRNewswire/ — $2.5 trillion could be wiped from global construction activity in 2025 due to persistent uncertainty. That’s more than the GDP of Italy. The figure comes from new research by Currie & Brown, a world-leading provider of cost management, project management and advisory services.

 

Building certainty in an era of relentless change: The Currie & Brown construction certainty index

The report, Building certainty in an era of relentless change, surveyed 1,060 global decision-makers responsible for construction pipelines averaging $12.9 billion.

On average, respondents reported financial losses equivalent to 13.7% of their pipeline in the past year due to uncertainty – a $2.1 billion impact per organisation. Nearly a third of projects were descoped, delayed or cancelled. Only one in five leaders said they were fully confident in staying on budget.

The primary risks include material cost inflation, energy price volatility, supply chain disruption and labour shortages. All of these are expected to intensify.

Dr Alan Manuel, Group Chief Executive Officer, Currie & Brown comments:
“Persistent uncertainty is the new normal in construction. Much of it is driven by external forces such as rising costs and political shifts. But systemic issues are critical too. Outdated procurement, misaligned objectives and incomplete designs continue to embed risk. We must address these challenges or the disruption will escalate. And that’s not acceptable. Construction underpins economies and improves lives. This industry is too important to fall behind.”

To address these challenges, Currie & Brown has launched the Construction Certainty Index. It tracks forward-looking confidence and the impact of risk on global projects.

The index helps organisations see where they stand and where to act. While there’s no single fix, the report identifies four connected areas to build resilience:

  • Technology: Adopt tech with purpose, not as a quick fix
  • Data: Prioritise quality and insight over volume
  • People: Build long-term partnerships and plan skills needs early
  • Mindset: Stay agile, adaptable and proactively manage risk

The report also issues a clear call to action. The industry cannot fix this alone. Tackling systemic uncertainty will require collective effort from governments, asset owners and delivery partners worldwide.

Read the reportBuilding certainty in an era of relentless change: The Currie & Brown construction certainty index

About Currie & Brown

Currie & Brown is a world-leading project management, cost management and advisory services firm, helping clients to deliver with certainty across every sector and stage of the project lifecycle.

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QA Sphere launches Asia Pacific deployment to speed up testing for regional QA teams

Singapore-hosted ap1 brings snappier workflows and local data options for software development companies

SINGAPORE, Sept. 30, 2025 /PRNewswire/ — QA Sphere, the AI-powered test management system for software developers, has announced the launch of ap1, a new Asia-Pacific deployment hosted on AWS Singapore.

QA Sphere users in APAC will now have access to faster performance to help them further streamline the process of quality assurance in software development, as well as the option of data residency in their local region.

QA Sphere’s test management systems help quality assurance teams work more efficiently by managing manual testing, integrating with automated tests, and collating and storing their testing data and insights in one place.

The deployment of ap1 will allow customers in APAC to take full advantage of QA Sphere’s next-generation AI tools including AI-powered test case creation, bulk test case creation, and AI-assisted issue reporting.

As well as a faster UI and executions for users in Southeast Asia, Australia, New Zealand, India, and East Asia, the region isolation will provide greater reliability to QA teams. There will be no change to the price of the product, and migrations onto ap1 will be completely free.

“Customers asked for speed and data locality in the region — we listened and shipped. ap1 is a simple change with a real payoff – QA teams across Asia Pacific get a faster, local experience without changing how they work,” said Andrian Budantsov, CEO and Creator of QA Sphere.

“Our goal stays the same: build a reliable, high-quality, affordable test management system and be unreasonably helpful to our customers,” he continued.

The launch of ap1 marks the new stage in QA Sphere’s expansion. The company is also preparing to launch new AI-enabled tools, as well as further custom integrations into other software platforms.

About QA Sphere

Launched in 2023, QA Sphere is a modern, AI-powered test management system designed to make software testing more efficient, accessible, and effective. Created by software company, Hypersequent, QA Sphere helps quality assurance teams manage manual testing, integrate with automated tests, and collate and store their testing data and insights in one place. This reduces the probability of mistakes, meaning that new software products have fewer bugs and are of better quality. For more information visit qasphere.com

Global Nonprofit RFI Launches to Bridge Traditional and Decentralized Financial Systems

SINGAPORE, Sept. 30, 2025 /PRNewswire/ — The Responsible Fintech Institute (RFI), a new global nonprofit organization based in Singapore, today announced its official launch for creating a safe, trustworthy, and reliable digital finance ecosystem. The launch was held at the welcome dinner of the inaugural Digital Assets Summit 2025, an event organized by the Digital Assets Association (DAA) for which RFI was the title sponsor. During the launch, RFI signed a Memorandum of Understanding (MOU) with the DAA to formalize their collaboration.

Global Nonprofit RFI Launches to Bridge Traditional and Decentralized Financial Systems
Global Nonprofit RFI Launches to Bridge Traditional and Decentralized Financial Systems

The RFI is dedicated to developing foundational digital utilities and fostering collaboration among both digital and traditional finance industry players. The founding members include Bison Group, supported by its affiliate, Bison Bank, OKG Technology, Remi Technology, VerifyVASP and the SlowMist. This powerful alliance of traditional finance, fintech service provider, and Web3 leaders underscores RFI’s mission to bridge the gap between traditional and decentralized financial systems.

The institute will bring together diverse groups—including financial institutions, regulators, technology firms and academia —to co-build the necessary standards and infrastructure for new digital financial tools, making the digital asset world sustainable and inclusive for everyone.

“We are proud to stand with our founding members—Bison Group, OKG Technology, Remi Technology, VerifyVASP and the SlowMist—who share our vision for a more responsible and secure digital financial future,” said Chia Hock Lai, Chairman of the Responsible Fintech Institute. “Their commitment and expertise are invaluable as we begin the critical work of building shared utilities that can support responsible innovation, protect consumers, manage financial crime risks, and drive industry growth.”

“Bison Bank is committed to leveraging technology to build a more inclusive and secure financial system,” stated Mr Bian Fang, Chairman of the Board, Bison Bank. “The Responsible Fintech Institute is geared to integrate cutting-edge innovation with a strong commitment to regulatory compliance and consumer protection, and its efforts would help shape a future where digital finance is both dynamic and trustworthy.”

“As a leading blockchain technology solutions provider, OKG Tech understands the critical importance of balancing innovation with responsibility,” said Jeffery Ren, Chairman and CEO, OKG Technology. “We are honored to be a founding member of the Responsible Fintech Institute and to contribute our technical expertise to develop the shared infrastructure that will empower a more secure and resilient financial ecosystem. This partnership is a testament to our dedication to fostering sustainable growth and ensuring a responsible digital future for all.”

“Remi Technology’s mission is to provide the critical infrastructure that bridges traditional finance and the next generation of digital assets,” said Sam Su, CEO, Remi Technology. “Our interbank stablecoin clearing system is built to provide banks and financial institutions with a compliant, secure, and efficient way to transact globally. By joining the Responsible Fintech Institute, we are committed to collaborating with our peers to establish the standards and safeguards needed to ensure that this new era of financial connectivity is built on a foundation of trust and regulatory certainty.”

“As a leading Travel Rule service provider, VerifyVASP’s objective is to support the responsible growth of the Virtual Assets industry by enabling our members with objectives-based compliance through verified transactional data,” commented Shihyun Chia, CEO, VerifyVASP. “We are proud to be a founding member of the Responsible Fintech Institute, where we can contribute both expertise and thought leadership to help build the shared utilities that are essential for global compliance in a borderless industry. This collaboration is crucial for advancing the industry’s ability to combat financial crime and foster trust.”

“At SlowMist, our mission has always been to enhance the security and resilience of the digital asset ecosystem,” said Blue Yang, Partner & CTO, SlowMist. “By joining as a founding member of the Responsible Fintech Institute, we are proud to contribute our expertise in blockchain security to help build a safer, more transparent, and trustworthy financial future. Together with our partners, we will strengthen the foundations needed for responsible innovation and sustainable growth in the global digital finance industry.”

RFI’s first major initiative is the Verified Identity & Trust Alliance (VITA). VITA is a network that helps member companies verify customer identities, manage risk, and comply with key regulations such as Know Your Customer (KYC) and payment transparency. By providing a shared “stamp of approval” for digital wallets, VITA eliminates the need for redundant checks, increases trust and safety across the ecosystem, and protects user privacy by sharing only essential verification status and compliance-related information.

By uniting a diverse group of stakeholders, the RFI is poised to become a central force in shaping the future of finance, ensuring that the next wave of digital innovation is built on a foundation of trust and accountability.

About the Responsible Fintech Institute The Responsible Fintech Institute (RFI) is a global nonprofit organization based in Singapore. Our goal is to create a safe, trustworthy, and reliable future for digital finance by building the digital utilities to support responsible innovation. Our work involves bringing together different public and private sector stakeholders to help build the necessary rules and technology for new digital financial tools, making the digital asset world sustainable and inclusive for everyone.

 

Full-Life Technologies Announces US$77 Million Financing to Accelerate Development of its Radiopharmaceutical Pipeline and Manufacturing Capabilities

  • Series C led by Junson Capital along with new investor syndicate and existing shareholders
  • Funding will further advance Full-Life’s global radiopharmaceutical pipeline and manufacturing capabilities in Belgium
  • Additional debt financing provides an alternative financing solution for Full-Life’s future development

CHENGDU, China and GEMBLOUX, Belgium, Sept. 30, 2025 /PRNewswire/ — Full-Life Technologies (“Full-Life”, the “Company”), a fully-integrated global radiotherapeutics company, today announced the completion of US$77 million financing, comprised of close to US$50 million Series C equity and US$27 million debt financing. This financing will advance development of the Company’s radiopharmaceutical pipeline worldwide and manufacturing capabilities in Belgium. With completion of this round, Full-Life has secured nearly US$200 million funding since its inception in 2021, including equity financing, debt financing, business development payments and others.  

Junson Capital led the Series C equity financing along with new investors Lapam Capital, Plaisance, TruMed Investment and other prestigious investors, as well as existing shareholders Chengwei Capital, Gordian Ventures, HSG, Prosperity7, Summer Capital and other renowned shareholders. The US$27 million debt financing, secured in conjunction with the Series C equity financing, provides Full-Life with a flexible financing solution for the Company’s clinical pipeline development and early preclinical program exploration globally, while ensuring the smooth completion of its manufacturing facility in Belgium.

“Radionuclide Drug Conjugates (“RDC”) is a promising new modality for oncology treatments, especially alpha emitters such as 225Acbased therapies, where global supply shortage is a current bottleneck,” said Wei Shen, Head of Principal Investment at Junson Capital. “We have invested in Full-Life in each financing round since its Series A in 2022. We continue to be impressed by the company’s strategic vision for a fully-integrated radiopharmaceutical company, its progress in establishing an innovative pipeline and manufacturing capacity to address this key bottleneck, and the outstanding team it has assembled. We are happy to lead Full-Life’s Series C equity financing to drive the growth of such a high-potential biotech at this key stage of its development.”

“The financing reflects strong confidence from our new and existing investors in our strategy and the remarkable achievements we have made under four years,” said Julie Wu, President and Chief Financial Officer of Full-Life. “The funding will support completion of the global Phase I clinical trial of our lead asset, [225AC]AC-FL-020, and initiation of further clinical studies, upcoming new IND filings worldwide, as well as the completion of construction of a Good Manufacturing Practices (“GMP”) manufacturing facility in Belgium.”

About Junson Capital

Junson Capital is a prominent global investment management company, anchored by permanent capital. Junson manages a diversified global portfolio that covers real estate, fixed income, alternative, private equity and venture capital investments. Junson currently has offices in Hong Kong, Singapore, New York, Palo Alto and Frankfurt.

 About Full-Life Technologies

Full-Life Technologies (“Full-Life”) is a fully-integrated clinical-stage global radiotherapeutics company with operations in Belgium, Germany, and China. We aim to own the entire value chain for radiopharmaceutical research & development, production & commercialization to deliver clinical impact for patients. The Company endeavors to tackle fundamental challenges affecting radiopharmaceuticals today by pioneering innovative research that will shape the treatments of tomorrow. We are comprised of a team of fast-moving entrepreneurs and seasoned scientists with a proven history of success in the life sciences, alongside radioisotope research and clinical development.

Agoda Highlights the Spirit of Hokkaido Ahead of Video Game Release

SINGAPORE, Sept. 30, 2025 /PRNewswire/ — Japan’s Mount Yotei in Hokkaido prefecture is about to catch the eye of the global gaming community with a major video game focusing on the region scheduled to be released on October 2nd.  Digital travel platform Agoda highlights the stunning natural landscapes of Hokkaido and encourages travelers to explore the breathtaking real-life inspirations behind the game’s decor.

It will be the second time an open-world samurai game is expected to bring global attention to a Japanese region after this happened to the Japanese island of Tsushima. Local tourism organizations capitalized on the video game’s popularity; the mayor of Tsushima thanked the game developers publicly, and fans of the game even rallied together to donate money after Tsushima got hit by a typhoon.

The backdrop of the new samurai-centered game will be Hokkaido. From the vibrant cityscapes of Sapporo to the serene beauty of Lake Toya, Agoda shares five must-visit destinations in Hokkaido that capture the essence of Japan’s northernmost prefecture:

  1. Sapporo : The capital of Hokkaido is a harmonious blend of urban sophistication and natural beauty. Visitors can enjoy the lush greenery of Odori Park, the panoramic views from Mount Moiwa, and the seasonal charm of the Sapporo Snow Festival. Sapporo’s tasty food scene, featuring fresh seafood and local delicacies, adds to its allure.
  2. Furano : Known for its rolling lavender fields and colorful flower farms, Furano is a haven for nature lovers. The picturesque landscapes change with the seasons, offering a kaleidoscope of colors in summer and a pristine snowy wonderland in winter. Furano’s tranquil atmosphere makes it an ideal escape for those seeking peace and inspiration.
  3. Lake Toya : This caldera lake, surrounded by volcanic mountains, is a UNESCO Global Geopark and a testament to Hokkaido’s geological wonders. Visitors can enjoy hot spring resorts, scenic boat rides, and hiking trails that offer stunning views of the lake and its surrounding landscapes.
  4. Hirafu : Nestled in the Niseko region, Hirafu is a paradise for outdoor enthusiasts. Known for its world-class ski slopes in winter, the area also offers hiking, mountain biking, and hot springs during the warmer months. The majestic Mount Y ō tei, often referred to as “Ezo Fuji,” serves as a stunning backdrop to this vibrant destination.
  5. Shiretoko Peninsula : A UNESCO World Heritage Site, the Shiretoko Peninsula is a pristine wilderness that shows Hokkaido’s untamed beauty. From dramatic cliffs and waterfalls to diverse wildlife, this remote destination offers a glimpse into Japan’s natural heritage.

Satomi Nakabayashi, Country Director Japan at Agoda, shared, “Whether in the picturesque autumn leave season or the snowy winter months, Hokkaido prefecture is a joy to explore. The landscapes are nothing short of captivating. Whether you’re a fan of the game or simply looking for an unforgettable adventure, Agoda makes it easy to explore these stunning destinations and experience the magic of nature firsthand.”

Agoda offers a wide range of accommodations, flights, and activities to help travelers plan their perfect Hokkaido adventure. From cozy ryokans to luxury resorts, travelers can find the best deals on Agoda’s Hokkaido page.

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Locus Cell’s Zhubei Smart GMP Facility Secures First International Phase III CDMO Manufacturing MOU with Cambium Bio

TAIPEI, Sept. 30, 2025 /PRNewswire/ — Locus Cell (TWSE: 6891), a leading regenerative medicine CDMO in Taiwan, announced it has signed a Memorandum of Understanding (MOU) with Australia-based Cambium Bio (ASX: CMB). Under the agreement, Cambium will entrust Locus Cell with the contract development and manufacturing (CDMO) of Elate Ocular® -related. Elate Ocular®, a Phase III dry eye disease therapy currently under clinical trials in Taiwan, the U.S., and Australia. The technology originates from Cambium’s parent company, Zheng Yang Biomedical Technology Co., Ltd.

Locus Cell’s Zhubei Smart GMP Facility Secures Its First International Phase III CDMO Manufacturing MOU. From left: Karolis Rosickas, CEO of Cambium Bio; Yu-Hung Tseng, Chairman of Zheng Yang Biomedical Technology Co., Ltd.; and Jiunn-Rong Chiou, Chairman of Locus Cell.
Locus Cell’s Zhubei Smart GMP Facility Secures Its First International Phase III CDMO Manufacturing MOU. From left: Karolis Rosickas, CEO of Cambium Bio; Yu-Hung Tseng, Chairman of Zheng Yang Biomedical Technology Co., Ltd.; and Jiunn-Rong Chiou, Chairman of Locus Cell.

Jiunn-Rong Chiou, Chairman of Locus Cell, stated:

“This MOU represents our first Phase III international CDMO project, a strong vote of confidence in our Zhubei smart GMP facility. It proves our vision of ‘rooted in Taiwan, serving global clients’ is achievable. By integrating FDA requirements—including electronic batch records, traceability, environmental monitoring, and data integrity—we are ready to seamlessly support global pharmaceutical partners.”

In addition to the agreement with Locus Cell, Cambium recently signed a licensing MOU with France’s Benta SAS for Middle Eastern and European rights to Elate Ocular®. Outside of these regions, all other international clinical and commercial manufacturing will be handled by Locus Cell, accelerating global expansion and reinforcing its strategic role in the international supply chain.

Karolis Rosickas, CEO of Cambium Bio, commented:

“Locus Cell’s Zhubei smart GMP facility will meet FDA and GMP standards and is one of the few in Asia capable of both clinical and commercial production. Its digital-enabled stability and flexibility will lower costs, ensure quality, and strengthen competitiveness. We look forward to expanding this partnership further.”

Humanforce Appoints Aaron Thorne as Chief Sales Officer to Drive Growth Across Frontline Workforces Globally

SYDNEY, Sept. 30, 2025 /PRNewswire/ — Humanforce, an Australian-borne global provider of human capital management (HCM) solutions, is pleased to announce the appointment of Aaron Thorne as Chief Sales Officer, effective immediately. In this role, Aaron will lead Humanforce’s global sales strategy, driving both expansion and deeper relationships with prospective customers in frontline industries such as aged care, childcare, retail, hospitality, events & stadia, local government, education and more.

Aaron Thorne
Aaron Thorne

Thorne joins Humanforce following a distinguished tenure in leadership roles within UKG, where he most recently served as Managing Director for APAC. His achievements include scaling business operations, building trusted partnerships, delivering value and customer-first outcomes to large workforce-heavy organisations, and leading high-performing teams to implement people-centric workforce management solutions in fast-paced environments.

“We are thrilled to welcome Aaron Thorne to the Humanforce executive leadership team,” said Clayton Pyne, CEO. “Aaron’s deep understanding of what it takes to support and empower frontline workers, combined with his strong sales leadership in complex, large-scale environments, makes him the ideal person to lead our global commercial efforts. As we continue to expand, his insight will be vital in ensuring that our solutions deliver real value for our customers — both in terms of business performance and employee experience.”

With over 20 years’ experience in sales leadership and enterprise sales across the Asia-Pacific region, Thorne is known for building strategic customer relationships and driving adoption of workforce & people management technologies that drive customer-first outcomes.

“What excites me most about joining Humanforce is its position as the largest frontline-focused, enterprise-grade, full-suite HCM vendor in Australia“, said Aaron Thorne. “By uniting Workforce Management, HR, Benefits, Talent, and Payroll into a single seamless solution, Humanforce not only helps organisations navigate complex compliance environments — it also unlocks labour productivity, optimises costs, and elevates the employee experience.

“I’ve long admired how, through smart M&A and product innovation, Humanforce has consistently tackled the hardest challenges facing frontline-heavy industries. The opportunity to scale that impact on a global level and establish Humanforce as the leader in frontline HCM is one I couldn’t resist”, Thorne concludes.

-ends-

About Humanforce

Humanforce provides the market leading, employee-centred, intelligent and compliant HCM suite for frontline and flexible workforces, offering highly configurable, all-in-one WFM, HR, Talent, Benefits and Payroll – without compromise. Our vision is to make work easier and life better by focusing on the employee experience (EX), and the efficiency and optimisation of businesses.

Founded in 2002, Humanforce has a 2300-strong customer base and heading towards one million employees under management, across a wide range of industries including Aged Care, Childcare, Healthcare, Retail, Hospitality, Events & Stadia, Local Government and more. Today, we have offices across Australia, New Zealand, United Kingdom, Philippines and USA.

Customers include Story House Early Learning, Flight Centre, Southern Cross Care Qld, Norwich City Football Club, Vodafone, and more. https://humanforce.com 

 

Blackbaud’s bbcon Sydney 2025 Tech Conference to Offer Curated Content Tracks and Dynamic Networking Opportunities for Social Impact Leaders

Mark Hughes, NRL Premiership Winner and Founder of the Mark Hughes Foundation, to Give Keynote Address

SYDNEY, Sept. 30, 2025 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the leader in AI for social impact, is excited to once again host its bbcon Sydney tech conference for social impact change-makers and nonprofit leaders across Australia and New Zealand, taking place on 10 November this year at the International Convention Centre in Sydney. The event will convene hundreds of Blackbaud customers, colleagues and partners to discuss best practice, share stories of impact, and discover innovative new technology advancements to power social impact.

Mark Hughes, a National Rugby League premiership winner and founder of the Mark Hughes Foundation, will join us for an inspiring keynote session exploring how resilience and optimism can drive success across the social impact sector. From the footy field to brain cancer advocacy, his journey has sparked the nationally recognised Beanie for Brain Cancer campaign, raising millions for research and support.

“We’re honoured to welcome Mark Hughes to bbcon Sydney this year,” said Kevin Sher, president and general manager, Blackbaud Pacific. “Mark’s journey from elite sport to personal adversity and then to national advocacy is nothing short of extraordinary. His unwavering commitment to making a difference through the Mark Hughes Foundation embodies the very spirit of bbcon—where purpose-driven professionals come together to learn, connect and lead change. We know his story will resonate deeply with our community and inspire attendees to tackle challenges with courage and compassion.”

The conference will include two full tracks of content, featuring industry leaders, customer stories, partner showcases and product announcements, along with exciting AI developments. “The feedback from our published agenda has been brilliant,” Sher added. “We are incredibly excited to be able to welcome our customers to bbcon 2025 where connection and learning will thrive.”

In addition to the main conference, Blackbaud will offer an extended agenda on Tuesday, 11 November at ICC Sydney, featuring a Payments Workshop (8:30–10:30am) for bbcon attendees wanting to optimise their regular giving program, and three free-to-attend User Groups (11:00am–4:00pm) focused on Raiser’s Edge NXT®, Blackbaud Enterprise Fundraising CRM™ and Higher Education.

With a 250-person capacity, bbcon Sydney offers an intimate, high-energy environment for learning, networking, and inspiration. Registration is now open at https://www.bbconference.com/sydney-2025/. Early registration is encouraged as space is limited.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud’s essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud’s solutions are unleashing the potential of the people and organizations who change the world. Blackbaud has been named to Newsweek’s list of America’s Most Responsible Companies, Quartz’s list of Best Companies for Remote Workers, and Forbes’ list of America’s Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at https://www.blackbaud.com.au/ or follow us on X/Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries
media@blackbaud.com 

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, including statements regarding expected benefits of products and product features. 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 associated with management of growth; lengthy sales and implementation cycles, particularly in larger organization; 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 or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

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