Software Company Seeks Investors

Convio, one of the major producers of software for charities, is taking another shot at going public.

The Austin, Tex., company, which provides Web-based software, filed a statement with the Securities and Exchange Commission announcing its intention to sell shares of common stock in an initial public offering, with the hope of raising $57.5-million.

Convio first filed for an initial public offering in August 2007 but withdrew its bid to go public a year later, citing unfavorable market conditions.

The company plans to use the proceeds from the offering for working capital and to repay debt. It may also use the money to acquire other businesses.

According to the filing, Convio lost $2.1-million in 2009, down from $3.7-million in 2008. Its revenue totaled $63.1-million in 2009, up from $57-million the previous year.

To search for the filing: Go to http://www.sec.gov/edgar.shtml.