Blackbaud acquires Convio

Blackbaud, a software provider for nonprofit organizations including public broadcasters, has agreed to purchase Convio, another firm that helps pubcasters with fundraising. Both boards of directors have unanimously approved the transaction, structured as a cash tender offer followed by a merger, according to an announcement on NASDAQ.com."Blackbaud noted that the acquisition of Convio will combine both companies' strengths to provide a comprehensive and compelling set of multi-channel supporter engagement solutions to nonprofit organizations of all sizes," the announcement said. Blackbaud had acquired Target Analytics, another public broadcasting station vendor, in 2007.