Blackbaud intends to purchase Convio

Some key points from the press release:

– Combining strengths will provide a comprehensive and compelling set of multi-channel supporter engagement solutions to nonprofit organizations of all sizes
– Combined company has over $440 million in trailing twelve months pro-forma revenue (9/30/11)
– Acquisition expected to be accretive to Blackbaud’s 2012 non-GAAP EPS and contribute to substantial free cash flow

See a press release style video from Blackbaud here.

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