Blackbaud, the leading provider of software and related services designed for nonprofit organizations, announced today that it has entered into a definitive merger agreement with Austin-based Convio, a leading provider of on-demand constituent engagement solutions that enable nonprofit organizations to more effectively raise funds, advocate for change and cultivate relationships. There is a story in the Statesman about the deal, but it doesn’t mention the large number of law firms that have filed suit against [...]

If you remember over a year ago we wrote about Convio pulling their IPO and turning the corner on profitability at the same time. Today they re-filed for an IPO, although at $57.5M this one is a little bit smaller. I’m sure while this registration was in the works, they had no idea about last week’s carnage, but by the time it gets priced and hits the street, this week’s Wall St. misery will be [...]