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Blackbaud announced this week that it has acquired rival Convio for $312 million. Blackbaud, with 25,000 customers, is recognized as the leading back-end technology solution for nonprofit organizations. Convio, with 1,500 customers, is best known for its web-based relationship management systems, particularly for advocacy and peer-to-peer fundraising.
It remains to be seen what the impact of the deal will be on the nonprofit sector and how long it will take the sector to feel the impact.
For more information about the sale itself, you can read the news article from The Statesman, the newspaper from Austin, TX, home of Convio.
For a terrific analysis of what the acquisition might mean for the nonprofit sector, you can read the post at Your Part Matters, the blog site of Jeff Shuck, President and CEO of Event 360.
That’s what Michael Rosen says… What do you say?