Daily Research News Online

The global MR industry's daily paper since 2000

Cvent to be Sold for $1.65 billion

April 19 2016

Event management technology specialist Cvent, whose offer includes online survey technology, is to be acquired by affiliates of private equity firm Vista Equity Partners for approximately $1.65 billion.

Reggie AggarwalCvent's key products cover web-based software for meeting site selection, online event registration, event management and e-mail marketing.

The deal gives Vista 100% of the outstanding shares of Cvent common stock, for which stockholders will receive $36.00 in cash per share. Cvent will become a privately held company, and its headquarters will remain in Tysons Corner, VA.

CEO Reggie Aggarwal (pictured) comments: 'This milestone is the next chapter in our seventeen-year history. With Vista's financial strength to invest in Cvent now and in the future, we will be better positioned to deliver innovative solutions that transform the meetings and events industry, and to offer employees new opportunities for career growth'.

Web site: www.cvent.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.

Select a region below...
View all recent news
for UK
UK
USA
View all recent news
for USA
View all recent news
for Asia
Asia
Australia
View all recent news
for Australia

REGISTER FOR NEWS EMAILS

To receive (free) news headlines by email, please register online