Blackbaud Completes Acquisition of Convio

Charleston, S.C. (May 7, 2012) - Blackbaud today announced that it has completed its acquisition of Convio, a leading provider of on-demand constituent engagement solutions. Under the terms of the merger agreement, Blackbaud paid an aggregate purchase price of approximately $325 million. Blackbaud financed the deal through a combination of cash and borrowings from its credit facility.