Convio, Inc. Continues Steady Growth With Record Third Quarter; Increases Year-Over-Year Sales by Nearly 120 PercentAUSTIN, TEXAS (November 15, 2005) Convio, Inc. — the leading provider of software and services to help nonprofits use the Internet for building strong constituent relationships and driving support — recorded its best quarter in the history of the company during the third quarter, growing sales nearly 120 percent compared to the same quarter last year. Convio continues to increase its customer roster and now serves more than 450 organizations from diverse segments of the nonprofit sector. The company's newest customers include the World Trade Center Memorial Foundation, Catholic Relief Services and four new affiliates of The Susan G. Komen Breast Cancer Foundation. Convio's year-over-year growth rates for bookings during the last four quarters range from 55 to nearly 120 percent. The company now forecasts booking business in excess of $22 million in 2005 and remains on a steady track financially to become profitable and cash flow positive. More partnerships also have contributed to Convio's strong financial performance. The company recently announced a new partnership with Target Software to provide joint customers with a higher level of integration between their Convio-powered online database and Target's market-leading fundraising and donor management solution, Team Approach. "This has been Convio's best quarter ever and our continued growth is the result of having built our company in a way that has allowed us to scale so we can serve the needs of the nonprofit marketplace," said Gene Austin, CEO, Convio. "Additionally, our customers continue to generate significant results and their successes have been well-noted by other nonprofits, inspiring them to work with us." About ConvioConvio is the leading provider of software and services to help nonprofits use the Internet strategically to build strong relationships with constituents for driving fundraising, advocacy and other forms of support. Convio has online solutions for fundraising, advocacy, Web content management, event fundraising, ecommerce and email communications. All solutions include the Constituent360™ platform, a sophisticated, online marketing database that centralizes constituent data and integrates with offline databases. In addition to the World Trade Center Memorial Foundation, Catholic Relief Services and The Susan G. Komen Breast Cancer Foundation, Convio's clients include: American Red Cross, American Diabetes Association, American Society for the Prevention of Cruelty to Animals, AVON Foundation, Carnegie Museums of Pittsburgh, Chesapeake Bay Foundation, Easter Seals, Farm Aid, KCET Community Television of Southern California, Mothers Against Drunk Driving, National Trust For Historic Preservation, Ronald McDonald House Charities, and Thirteen/WNET New York. For more information, please visit www.convio.com. Press contact: |
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