Convio, the fundraising software company that last month agreed to sell itself to Charleston's Blackbaud for $275 million, announced substantial increases in quarterly and year-end earnings Thursday morning.
The Austin, Tex.-based firm reported fourth quarter revenues of $20.4 million, up 20 percent from the same period in 2010, and 2011 revenues of $80.4 million, up 15 percent from 2010.
Convio also noted that its nonprofit clientele raised $1.35 billion in 2011, including 17 percent more money in the last three months of 2011 than the group of organizations did during the same period of 2010.
This is Convio's first such filing since Blackbaud, which also sells software to nonprofits, announced its acquisition plans Jan. 17.
The deal, for $16 a share, must still be approved by Convio's shareholders and by regulators since the two companies have been competitors. It is expected to close by the end of the first quarter.
Blackbaud, about half of whose 2,200 employees are based at its local headquarters on Daniel Island, was founded in 1981, went public in 2004 and, in fiscal 2010, reported almost $30 million in profit on $327 million in revenue. It will report its 2011 earnings Feb. 22.
Convio, which has 467 employees, went public in April 2010 and now counts more than half the top 50 U.S. charities among its more than 1,500 customers.
You can read the full Convio earnings report at http://ir.convio.com/releasedetail.cfm?ReleaseID=647497.