Blackbaud Completes Acquisition of Convio
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
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">
Email
Email
0 Comments
Comments
Blackbaud plans to support Convio's current offerings, and the companies' combined research and development (R&D) 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 Marc Chardon. "We are excited to work together to bring nonprofits the technology they need at a faster pace than either of us could have separately," said Austin.
0 Comments
View Comments
Related Content
Comments