Convio Wins Spot on Prestigious Red Herring List of 100 Top Private CompaniesLeading Provider of Internet Software and Services for Nonprofits Chosen From 600-Plus Companies in North America, Europe and Asia
According to Red Herring, the Mountain View, Calif. media company that covers innovation, technology, financing and entrepreneurial activity, this is "the industry's definitive list of private technology companies impacting the marketplace, revealing where new fortunes are likely to be made." Companies previously chosen for the list include Cisco Systems, Bay, Siebel Systems, Google, Salesforce.com, Plumtree Software and Seagate Technology. "At the Red Herring, we scour the industry to identify the best and brightest technology companies that are transforming the current markets and creating new ones," said Alex Vieux, publisher of Red Herring. "The Red Herring 100 is our annual list of the most promising private companies. Like Google, eBay, Salesforce.com, and other previous Red Herring 100 alumni, these 100 have the potential to become the next titans of technology." "We are honored to be included in the prestigious list of companies Red Herring deems to be poised for the greatest success in the future," said Gene Austin, CEO of Convio, Inc. "Convio has seen record growth year over year, today helping more than 230 nonprofit clients reach and motivate constituents online, thus achieving their organization's goals, and therefore, feeling positive about their investment in Convio. In years past, Red Herring has chosen companies that have gone on to become hugely successful by all measures, and many are household names today. Inclusion in the Red Herring list is proof that Convio is building a strong, sustainable business serving the nonprofit market and that we have a very bright future." Convio Pioneers New, Expanding MarketFounded in 1999, Convio has helped pioneer nonprofits' use of the Internet by nonprofits for managing constituent relationships to drive fundraising, advocacy and other forms of mission-critical participation and support. Clients include American Diabetes Association, the American Society for the Prevention of Cruelty to Animals, Easter Seals and Mothers Against Drunk Driving. Dean For America, the presidential campaign organization of former Vermont Governor Howard Dean, used Convio's tools to build a base of 640,000-plus supporters and raise $18 million online in less than a year. Growing at an exponential pace, Convio more than doubled its client base in 2003 compared with 2002, and now serves 230-plus organizations. Last year's revenues were $7 million, double the amount in 2002. Convio forecasts continuing strong growth in the coming year. Last year alone, Convio helped clients collectively raise $40 million online more than a ten-fold increase compared with funds raised the year before. In the first quarter of 2004, Convio surpassed activity for the entire first half of 2003 for all clients in Q1 2004, Convio processed more than 269,000 donations totaling more than $16 million versus 237,000 donations totaling $14.4 million for the first half of 2003. Nonprofit organizations make up a significant part of the U.S. economy: $1.3 trillion (total of operating expenditures). There are more than one million entities that carry the 501(C) tax-exempt status, with sectors including associations, cultural organizations, education, healthcare, human services, political and advocacy groups, and public broadcasting. About Convio, Inc.Convio is the leading provider of software and services that help nonprofit organizations use the Internet to build strong constituent relationships to drive support and participation. Convio has online solution centers for fundraising and membership, advocacy, special events, volunteer fundraising, Web site management, email communications and alumni relations. All centers include the Constituent360TM platform, a sophisticated, online marketing database that centralizes constituent data and integrates with offline databases. This gives nonprofits a unified view of constituent interests and motivations -- key for personalized and targeted outreach and communications. Convio also provides services and consulting to help nonprofits achieve success online. In addition to the American Diabetes Association, the American Society for the Prevention of Cruelty to Animals, Easter Seals and Mothers Against Drunk Driving, Convio's clients include AVON Foundation, Brady Campaign United with the Million Mom March, Carnegie Museums of Pittsburgh, Chicago Public Radio, Farm Aid, Georgetown University, KCET Community Television of Southern California, National Trust For Historic Preservation, the Susan G. Komen Breast Cancer Foundation and the Y-ME National Breast Cancer Organization. For more information, please visit www.convio.com. Whitney Wood Otstott |
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AUSTIN, TEXAS (May 11, 2004) -- Convio, Inc. the leading provider of software and services to help nonprofits use the Internet for developing strong constituent relationships that drive fundraising, marketing, advocacy and other forms of support has been chosen for the Red Herring 2004 "100 Top Private Companies" list (
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