Blackbaud subscriptions dramatically increased as a percentage of revenue for the company for 2012. The Charleston, S.C.-bard nonprofit software vendor continued to move away from reliance on license revenue as subscription income reached 40.5 percent of revenue for the fourth quarter ended December 31, up from 29.1 percent of the total in 2011's final reporting period.  The year was tougher on the bottom line than in 2011 as Blackbaud worked to digest its purchase of Convio. Read more...