Blackbaud, Inc. (Nasdaq: BLKB) and Convio, Inc. (Nasdaq: CNVO) today
announced that they have received notification of early termination of
the waiting period under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 applicable to their proposed merger. Termination or
expiration of this waiting period is one of the conditions to completing
the transaction.
Marc Chardon, Blackbaud’s chief executive officer, stated, “We are
extremely pleased to achieve this milestone. We look forward to
completing the tender offer process and then closing the merger. We are
ready to deliver the benefits we see for the merger to our customers, as
well as to our employees and stockholders.”
For additional information about the proposed merger, including
frequently asked questions, visit www.blackbaud.com/convio.
About Blackbaud
Serving the nonprofit and education sectors for 30 years, Blackbaud
(NASDAQ: BLKB) combines technology and expertise to help organizations
achieve their missions. Blackbaud works with more than 26,000 customers
in more than 60 countries that support higher education, healthcare,
human services, arts and culture, faith, the environment, independent
education, animal welfare, and other charitable causes. The company
offers a full spectrum of cloud-based and on-premise software solutions,
and related services for organizations of all sizes including:
fundraising, eMarketing, social media, advocacy, constituent
relationship management (CRM), analytics, financial management, and
vertical-specific solutions. Using Blackbaud technology, these
organizations raise more than $100 billion each year. Recognized as a
top company by Forbes, InformationWeek, and Software Magazine and
honored by Best Places to Work, Blackbaud is headquartered in
Charleston, South Carolina and has employees throughout the US, and in
Australia, Canada, Hong Kong, Mexico, the Netherlands, and the United
Kingdom.
About Convio
Convio (NASDAQ: CNVO) is a leading provider of on-demand constituent
engagement solutions that enable nonprofit organizations to maximize the
value of every relationship. With Convio constituent engagement
solutions, nonprofits can more effectively raise funds, advocate for
change and cultivate relationship with donors, activist, volunteers,
event participants, alumni and other constituents.