Convio files for IPO

Share this article:

Convio Inc., an on-demand software provider to nonprofits, has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering.

Convio helps nonprofits use the Internet strategically to build relationships with constituents for driving fundraising, advocacy and other forms of support. Convio has online solutions for fundraising, advocacy, Web content management, event fundraising, e-commerce and e-mail communications.

With the acquisition of GetActive in January and new clients added in the first quarter of 2007, Convio, Austin, TX, now serves more than 1,400 nonprofits, charities, associations and advocacy clients. Some of its clients include American Red Cross, Avon Foundation, Sierra Club and Thirteen/WNET New York.

For the first quarter of 2007, the company posted an 80 percent increase in revenue, thanks in part to the acquisition of GetActive, which also offers an eCRM solution for nonprofits. At the time, the company also showed a strong balance sheet with more than $15 million in cash.

Convio believes that by integrating the two companies, it has a strong foundation for future success.

The shares of common stock to be sold in the IPO are expected to be offered by Convio and some of its stockholders. The number of shares to be sold and the price range for the proposed offering have not yet been determined.

Share this article:
close

Next Article in Database Marketing

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Database Marketing

Making Data Breach Readiness a Priority

Making Data Breach Readiness a Priority

5 ways marketers can prepare for possible data breaches.

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

What's H-appending? DiscoverOrg Taps Marketo's Webhooks

Cloud-based marketing automation behemoth Marketo joins forces with marketing intelligence company DiscoverOrg to improve its data collection capabilities.

A Toast to Marketing Attribution

A Toast to Marketing Attribution

Vino accessories and storage company Wine Enthusiast indentifies top and underperforming affiliates using algorithmic marketing attribution.