Charleston software firm Blackbaud hikes spending to accelerate growth
Blackbaud Inc. is looking to spend money to make money.
In reporting earnings last week, the Daniel Island-based software provider said its operating expenses climbed to $114.4 million in the first quarter, 16 percent more than a year before.
Higher spending comes as Blackbaud, one of South Carolina’s largest technology employers with about 3,400 workers worldwide, increases the headcount on its sales team and pushes a growth strategy.
