Convio

Pomerantz is investigating claims on behalf of investors of Convio, Inc. (“Convio” or the “Company”) (NASDAQ: CNVO) concerning the proposed acquisition of Convio by Blackbaud, Inc. in a cash transaction valued at approximately $275 million.

The investigation concerns whether the Convio directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Convio shareholders would receive $16.00 per share of common stock held. However, at least one analyst has set a target price of $17.00 per share. Further, the transaction value may not be taking into account the full value of the Company, which currently holds more than $70 million in cash and receivables.

Convio shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner [at] pomlaw [dot] com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 237.