December 19, 2014

Blackbaud completes deal to buy Convio


Blackbaud says it completed its acquisition of Convio, a provider of on-demand constituent engagement solutions, for roughly $325 million.

Blackbaud, based in Charleston, S.C., financed the deal through a combination of cash and borrowings from its credit facility.

“Convio’s strengths in online and social marketing, and subscription and cloud-based offerings complement ours, and will accelerate our ability to deliver more to the nonprofit sector,” said Marc Chardon, Blackbaud’s CEO.

Blackbaud says it plans to support Convio’s current offerings, and that the companies’ combined research-and-development teams will work with customers to improve and extend current products and build new offerings.

Blackbaud plans to keep Convio’s current office structure, adding key offices in the Bay Area and Austin.

Gene Austin, Convio’s former president and CEO, will lead the enterprise-customer business unit at Blackbaud, reporting to Chardon.

Blackbaud provides technology and expertise to over 27,000 customers in more than 60 countries that support higher education, health care, human services, arts and culture, faith, the environment, independent education, animal welfare, and other charitable causes.

Using Blackbaud technology, those organizations raise over $100 billion a year.

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