Convio Posts Record Annual Revenue, Positive Cash Flow and Profitability
A reconciliation of GAAP to non-GAAP results has been provided in the summary financial statement tables included in this press release. An explanation of this measure is also included below under the heading “Non-GAAP Financial Measures.”
Client Results, Innovation, Openness and Service Leadership Drive 2008 Success
The combination of new clients, addition of significant new events and organic growth in the existing client base enabled Convio to process $777 million in online donations on behalf of clients during 2008 — a 72 percent increase over 2007. Convio clients sent more than 3.1 billion emails to constituents during that period with an industry leading deliverability rate in excess of 95 percent. Charities of all types used Convio to power more than 3,500 web domains as well as complete 44 million advocacy calls to action.
“The adoption of online fundraising, advocacy and marketing continues to be a growth engine for many nonprofit organizations,” said Austin “We are also seeing that beyond a communications channel the Internet is the most cost-effective and flexible way for nonprofits to use technology to manage their organization and turn ideas into actions that support their mission."
Joining the Convio client community during 2008 were many of the country’s leading charitable organizations and associations, including, The Zoological Society of San Diego, Wildlife Conservation Society, Operation Smile, Disabled American Veterans, Crohns & Colitis Foundation, National Law Enforcement Officers Memorial Fund, Volunteers of America, St. Joseph’s Indian School, Habitat for Humanity International and American Public Health Association. Several organizations expanded their relationship with Convio including Susan G. Komen for the Cure® and People for the Ethical Treatment of Animals (PETA).
The company’s next generation constituent database Common Ground™, with more than 470 seats licensed, has seen rapid adoption since it became generally available in late September of 2008. Common Ground is a new constituent management system for nonprofits which goes beyond the capabilities of traditional donor database systems. Common Ground is an open, Web-based constituent relationship management (CRM) system for tracking all constituent interactions across all channels, online and offline. Built on salesforce.com’s Force.com Platform, the product offers an on-demand solution that easily integrates with other open systems to provide powerful tools that help nonprofits focus on their mission, fundraising, advocacy and communications instead of managing and maintaining software and technology.