October 22, 2014


Convio posts higher earnings

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Convio, a provider of constituent-engagement technology for nonprofits, posted higher net income and revenue for the three months and year ended Dec. 31,  2011, compared to the same periods a year earlier.

Net income for the Austin, Tex.-based company, which in January agree to merge with Charleston, S.C.-based Blackbaud in deal worth $275 million,

totaled $12.5 million, or 64 cents a share, for the fourth quarter, compared to $65,000, or no cents a share, for the same period a year earlier.

Net income for the year totaled $14.9 million, or 76 cents a share, compared to $3.5 million, or 20 cents a share, a year earlier.

Revenue totaled $20.4 million for the fourth quarter and $80.4 million for the year, up from $17 million and $69.7 million, respectively, in the year-earlier periods.

Convio said its clients raised over $1.35 billion online in 2011, including an increase of 17 percent in the fourth quarter compared to the same period a year earlier.

The merger with Blackbaud remains subject to regulatory approvals and other closing conditions.



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