Convio, Inc. Achieves Solid First Quarter Performance; Year-Over-Year Revenue Up Significantly by More Than 55 Percent.AUSTIN, Texas -- Convio, Inc. -- the leading provider of on-demand software See SaaS. and services to help nonprofits use the Internet for building strong constituent relationships and driving support -- began 2006 with continuing momentum, increasing first quarter revenue more than 55 percent year-over-year. The company's strong start this year follows revenue growth of approximately 50 percent for each of the last two calendar years. Driving Convio's steady growth is the nonprofit sector's increasing demand for the company's market-leading online constituent relationship management (eCRM) software and services. New customers announced in Q1 2006 include The National Multiple Sclerosis Society The National Multiple Sclerosis Society, a United States-based non-profit organization, and its network of chapters nationwide promote research, educate, advocate on issues relating to multiple sclerosis, and organize a wide range of programs, including support for the newly and its 50-state network of chapters to support 1,100 fundraising special events. The company has grown its customer base more than 50 percent in the past year and now serves more than 550 nonprofit organizations. Convio's "client success services," unique within the industry, also are contributing significantly to the company's revenue growth. Convio consultants work closely with customers seeking post-deployment help with strategy and implementation to ensure that they are optimizing their use of the Internet to produce effective marketing and fundraising campaigns. "Convio has proven to be a clear leader in its market and is well-positioned for the long run," said Ken DeAngelis, General Partner, Austin Ventures, one of the nation's top venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] with $3 billion under management and special focus on Texas and the Southwest. "While many technology companies founded during the Internet boom have failed or are still struggling, Convio has managed to accelerate growth at a very healthy pace. The company is well on track to continue its impressive growth throughout 2006 and in the years ahead." Another important development in Q1 was Convio's announcement of Convio5 (www.convio.com/convio5), the company's new solution which is changing the landscape of Internet fundraising by providing organizations with an unprecedented level of power and flexibility to quickly create highly customized, campaign-specific marketing and fundraising programs. "The demand for Convio's Internet tools has never been higher and our company has never been healthier," said Gene Austin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Convio. "From Convio's experienced management team and passionate employees to our leading product line-up and strong customer service and support offerings, we're performing solidly across all areas of the company. Our proven ability to execute and continued growth also sends a clear message to the marketplace that Convio is the company nonprofits can rely on as their Internet partner well into the future." About Convio Convio is the leading provider of on-demand 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(TM) platform, a sophisticated, online marketing database that centralizes constituent data and integrates with offline databases. Convio has been named 2005 "Private Company of the Year" by the Austin Business Journal. The company's clients include American Red Cross American Red Cross: see Red Cross. , American Diabetes Association The American Diabetes Association, or the ADA, is an American health organization providing diabetes research, information and advocacy. Founded in 1940, the American Diabetes Association conducts programs in all 50 states and the District of Columbia, reaching hundreds of , American Society for the Prevention of Cruelty to Animals American Society for the Prevention of Cruelty to Animals (A.S.P.C.A.), chartered in 1866 in New York by Henry Bergh to shelter homeless animals, to assist farmers in caring for their livestock, and to cooperate with law enforcement agencies in the prosecution of , AVON Foundation, Easter Seals, Farm Aid, Mothers Against Drunk Driving Mothers Against Drunk Driving (MADD) is a nonprofit organization with more than 600 chapters nationwide. MADD seeks to find effective solutions to the problems of drunk driving and underage drinking, while also supporting those persons whose relatives and friends have been killed by drunk , National Multiple Sclerosis Society, National Trust For Historic Preservation, Ronald McDonald House Charities This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. , The Susan G. Komen Breast Cancer Foundation and Thirteen/WNET New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . For more information, please visit www.convio.com. |
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