TMCNet: Cvent Continues Strong Growth, Expands Team, and Opens New International Offices

[June 14, 2017]

Cvent Continues Strong Growth, Expands Team, and Opens New International Offices

Cvent, Inc., the market leader in cloud-based meetings, events and travel technology, today announced strong company growth that includes an intention to hire 200 employees by the end of 2017 and a new office expansion strategy to fuel its continued customer growth.

"At Cvent (News - Alert), we have a strong track record of delivering robust year-over-year growth in the huge and largely untapped market for meetings, events and travel technology. 2017 has continued to propel growth, as we have expanded the platform to now include Cvent Passkey and Business Transient solutions. We also have announced new innovations in our Event Cloud with the new Cvent Flex, and on our Hospitality Cloud with the new Cvent Supplier Network and Business Intelligence," said Reggie Aggarwal (News - Alert), founder and CEO of Cvent. "Recruiting talent has always been a priority for Cvent, and as an entrepreneur and CEO, I'm incredibly passionate about job creation. This year, we are looking to hire more than 200 people around the world to meet our increased growth, and we've opened new offices in APAC in order to meet the demand in that region."

Specific growth highlights include:

  • Strengthening the platform and technology: Cvent is expanding its platform to offer a full spectrum of meetings, events and travel solutions. Most notable are the integrations of the Passkey and Business Transient solutions into the Cvent platform, which open up new ways for planners to interact with hoteliers while providing hotels with new, highly-targeted marketing channels designed to increase revenue per available room (REVPAR). Other notable product innovations include:
  • Investing in people: Cvent has been actively hiring a wide range of technology, customer support and operational positions. The company employs more than 2,600 people and expects to hire 200 more people globally by the end of 2017, with more than half of the positions in the U.S.
  • Increasing international presence: Cvent has opened additional international offices and expanded its presence in existing markets outside of the U.S. to support a growing global client base. The company now operates 12 offices worldwide across four continents. Most recently, Cvent opened new offices in Singapore and Melbourne, Australia, to provide deeper regional support to the Asia-Pacific market.
  • Adding new customers. Cvent is adding new customers to the platform and there is strong growth in both the Event and Hospitality Clouds. So far in 2017, the Event Cloud has signed more than 775 new customers, including many enterprise clients in the Fortune 500, and the Hospitality Cloud has added more than 1,050 new customers, including many luxury brands around the world.

"We see that there is a huge opportunity for us to continue leading the industry in innovation for both the buyers and suppliers of the meetings and events industry. Each day, more planners and hotels are discovering Cvent, while an increasing number of current customers are leveraging additional elements of the Cvent platform to increase event ROI and group business profitability," continued Aggarwal.

About Cvent

Cvent, Inc. is a leading cloud-based enterprise event management company, with tens of thousands of customers and more than 2,600 employees worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, email marketing, and web surveys. Cvent provides hoteliers with an integrated platform, enabling properties to increase group business demand through targeted advertising and improve conversion through proprietary demand management and business intelligence solutions. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.


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