Blackbaud Offers to Buy Convio for $275 Million

The New York Times (Jan 17 2012)

1. Blackbaud, which provides software and services to help nonprofit groups manage their relationships with donors and supporters, has made an offer to acquire a competitor, Convio, for about $275 million. Add to Portfolio Blackbaud Inc Go to your Portfolio » The combined companies would capture roughly 10 percent of the market for online fund-raising done by nonprofit groups, according to Blackbaud, but some large charities were concerned that the acquisition could drive costs higher from less competition. The companies sell packages of products and services that help nonprofits keep track of donors and reach out to them in various ways; manage and organize events like bike- and walk-a-thons online; and analyze and track fund-raising via social media and other technology. (Read Full Article)

   Bookmark or Share this article

Login to comment.