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Blackbaud and Convio Announce Early Termination of HSR Waiting Period In Connection With Proposed Merger

Friday, April 27, 2012 9:00 AM


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.


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