Tuesday, January 17, 2012

News Release - Investor Relations - Blackbaud

News Release - Investor Relations - Blackbaud: Blackbaud, Inc. Announces Agreement to Acquire Convio

Combining strengths will provide a comprehensive and compelling set of multi-channel supporter engagement solutions to nonprofit organizations of all sizes
Combined company has over $440 million in trailing twelve months pro-forma revenue (9/30/11)
Acquisition expected to be accretive to Blackbaud’s 2012 non-GAAP EPS and contribute to substantial free cash flow

CHARLESTON, S.C. & AUSTIN, Texas--(BUSINESS WIRE)--Jan. 17, 2012-- Blackbaud, Inc. (NASDAQ: BLKB), the leading provider of software and related services designed for nonprofit organizations, announced today that it has entered into a definitive merger agreement with Convio, Inc. (NASDAQ: CNVO), a leading provider of on-demand constituent engagement solutions that enable nonprofit organizations to more effectively raise funds, advocate for change and cultivate relationships.

No comments: