Inc. Magazine Names Convio Among Fastest Growing U.S. Private Companies
Leading On-Demand Software Company for Nonprofits Lands on Prestigious Inc. 500 List by Achieving Three-Year Revenue Growth of 447 Percent
Austin, Texas (August 24, 2006) —
Convio, Inc., the leading provider of on-demand software and services that help nonprofits use the Internet for building strong constituent relationships and driving support, has been named as one of the fastest growing private companies in the country by Inc. magazine.
The 25th annual Inc. 500 list recognizes the nation's best privately-held companies that exemplify cutting-edge business models and rapid growth. With three-year revenue growth of 447 percent, Convio ranks No. 301 on this year's list.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
The Inc. 500's alumni roster includes many of the country's industry leaders, among them, CompUSA, Domino's Pizza, E*TRADE, Gateway, Jenny Craig, Jiffy Lube, Microsoft, Oracle, Super 8 Motels and Timberland. More information on the 2006 Inc. 500 rankings is available at http://www.inc.com/.
More than 600 organizations from diverse segments of the nonprofit sector use Convio's market-leading, on-demand software and services. Customers include some of the nation's most prominent and influential nonprofits such as American Red Cross, National Multiple Sclerosis Society, Easter Seals and American Society for the Prevention of Cruelty to Animals.
"It is an honor to be recognized by Inc. magazine and to be listed among the strongest and most innovative companies in the nation — many of which often go on to become household names," said Gene Austin, CEO, Convio. "Our Inc. 500 ranking further validates Convio's position as a strong market leader, and we are well poised to continue growing steadily while meeting the important technology needs of nonprofit organizations throughout the country."
Convio's ranking on the Inc. 500 list coincides with the company also being named this week to the Deloitte "Texas Technology Fast 50" list which recognizes the fastest growing technology companies in the Lone Star state. These awards are the latest in a long string of honors acknowledging Convio's growth, strong performance and leadership within the nonprofit sector. Convio was named 2005 "Private Company of the Year" by the Austin Business Journal, and has twice earned a spot on the publication's list of the fastest growing private companies in Central Texas. Additionally, Convio's founder and Chief Strategy Officer, Vinay Bhagat, was named "Fundraising Professional of the Year" for 2006 by FundRaising Success magazine and was a finalist for the 2006 Ernst & Young "Entrepreneur Of The Year" award in the Central Texas region. Convio customers also have won numerous awards for their Convio-powered Web sites.
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™ platform, a sophisticated, online marketing database that centralizes constituent data and integrates with offline databases.
In addition to American Red Cross, National Multiple Sclerosis Society, Easter Seals and American Society for the Prevention of Cruelty to Animals, Convio's clients include American Diabetes Association, AVON Foundation, Farm Aid, Mothers Against Drunk Driving, National Trust For Historic Preservation, Ronald McDonald House Charities, The Susan G. Komen Breast Cancer Foundation and Thirteen/WNET New York. For more information, please visit www.convio.com.
Director, Corporate Communications