Blackbaud Completes Acquisition of Convio
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Blackbaud<%2Fa>%20today%20announced%20that%20it%20has%20completed%20its%20acquisition%20of%20Convio<%2Fa>,%20a%20leading%20provider%20of%20on-demand%20constituent%20engagement%20solutions.%20Under%20the%20terms%20of%20the%20merger%20agreement,%20Blackbaud%20paid%20an%20aggregate%20purchase%20price%20of%20approximately%20$325%20million.%20Blackbaud%20financed%20the%20deal%20through%20a%20combination%20of%20cash%20and%20borrowings%20from%20its%20credit%20facility.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Farticle%2Fblackbaud-completes-acquisition-convio%2F" target="_blank" class="email" data-post-id="4661" type="icon_link">
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"This is an exciting day for the Blackbaud and Convio teams. Together, we can build better solutions for nonprofits, and that's what drives us," said Marc Chardon, Blackbaud's chief executive officer. "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."
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