Blackbaud Extends Offer to Acquire Convio

Blackbaud, Inc. BLKB today announced the extension of the expiration of its cash tender offer for all outstanding shares of common stock of Convio, Inc. CNVO to midnight, New York City time, on Wednesday, April 4, 2012 from midnight, New York City time, today. This extension supports Blackbaud providing the Department of Justice (DoJ) additional time to review the proposed acquisition before refiling its Hart-Scott- Rodino Notification and Report. “While we will not meet our initial estimate for closing the acquisition by the end of this quarter, we are seeing progress in the DoJ's review process,” said Marc Chardon, Blackbaud's chief executive officer. “We remain committed to refiling our HSR Notification and Report as soon as appropriate.”