The race will go on.

Boise's Twilight Criterium, an annual summer event since 1987, announced a new title sponsor Friday — Boise-based law firm Andersen Banducci.

"The Twilight Criterium is one of those events that make Boise a special place to live,” says Andersen Banducci partner Wade Woodard. “We’re proud to be part of the team that will keep this legacy event in Boise.”

Bronco Motors and K-Edge were announced Friday as new sponsors. Last week, organizers were concerned that they did not have enough funds to put on the event.

"Our sponsors and volunteers make it possible for this race to happen in our community, providing us the opportunity to deliver a quality event and attract racers from around the globe,” said race director Mike Cooley.

Exergy, the race's title sponsor for the last two years, contributed $40,000 of the $80,000 cost to last year's criterium, said Mike Cooley, the race director. Exergy signed a two-year agreement as title sponsor and fulfilled that agreement in 2011 and 2012.

"We owe them a thank you. They came in as a last-minute rescue sponsor in 2011," Cooley said.

The event struggled to find a title sponsor for this year. Just last week, the race needed at least $15,000 to hold this year's event. Cooley and Sander said they had to make a decision about the viability of the event by April.

The new sponsors will allow race organizers to run a complete schedule with both men's and women's professional races. There will be a kid's ride with two-time Olympic gold medal cyclist Kristin Armstrong.

The Twilight Criterium is a timed criterium that lasts one hour plus 5 laps for the Main Event and 30 to 45 minutes plus 1 lap for the preliminary races. Racers will compete for a total purse of $30,000 in cash and merchandise, with equal prize monies for the men's and women's professional races.