Profile

The Cvent business idea came to light after Cvent CEO & Founder Reggie Aggarwal spent years painstakingly planning hundreds of events for the non-profit Indian CEO Network, of which he was president. During this time, he was working 60 hours a week as a lawyer and 30 hours a week organizing events. He was the secretary, meeting planner, and President, and his tools were Excel, Outlook, and yellow sticky notes. The painful event-planning process led him to believe there had to be a better way. In short, he found a paint point and set out to create the aspirin.

Driven by the desire to transform the meetings and events industry, Cvent has grown from a 2-person start-up to 5,000 employees and 22,000 customers worldwide. In 2013, Cvent’s IPO (NYSE: CVT) boasted a more than $1 billion market capitalization. In 2016, Cvent was taken private by Vista Equity Partners for $1.65 billion, providing a 70% premium for Cvent stockholders. In December 2021, Cvent returned to the public markets on the Nasdaq. In June 2023, Cvent was acquired for $4.6B, becoming a private company under Blackstone, one of the world’s largest private equity firms.

Cvent is now a leading meetings, events, and hospitality management technology provider. It offers the solutions organizations need to automate and simplify the entire event planning process and maximize the impact of their in-person, virtual, and hybrid events. Cvent’s platform powers millions of virtual, in-person, and hybrid events for thousands of organizations, including 50% of the Fortune 500. The Cvent Hospitality Cloud partners with hotels and venues to help them drive group and corporate travel business through our global marketplace and innovative technology.  

Visit https://www.cvent.com/

Key Products

Event Management Platform

• Registration & Marketing: Build, promote, personalize and analyze event performance with a robust suite of registration and marketing solutions.


• Attendee Hub (Attendee Engagement): Connect your attendees to all the content, networking, and sponsors your event offers—anytime, from anywhere.


• Additional Event-Related Products

Supplier & Venue Solutions

• Hotel marketing solutions: Raise awareness of your brand/venue/destination, engage planners sourcing in your market, and promote your services to earn their group and corporate travel business.


• Hotel operations management: Collaborate with planners to build accurate, to-scale diagrams in minutes, and simplify room block management with custom event websites and upsell options that help you drive revenue.


• Additional Hotel/Venue-Related Products

Customer Insights

Cvent have an incredible library of customer success stories on website here. Selected quotes below:

“[Cvent] opened doors throughout the world, which we couldn’t have opened without it. It literally put the world at our feet instead of not being able to reach out to every client that we would have wanted.” — Postillion Hotels

“There is business through the entire spectrum, and we want to make sure that we’re helping the hotels capture whatever business is right for their property. Cvent Planner Navigator and RFP Showcase position us as creative thinkers and problem solvers.” — IHG Hotels & Resorts

“Cvent surpasses any other platform available. It is unquestionably the event platform of choice.” — The University of Texas at Austin

“We went from zero to sixty very fast, from having nothing tracked to having the hundreds of events we now have all streamlined in Cvent. It streamlines everything, and it gives us one tool we can go to.” — CAIS

“It gives a client comfort walking into the room for the first time and everything is set correctly because Cvent Event Diagramming has been used.” — HelmsBriscoe

Key Executives

Reggie Aggarwal, CEO & Founder

David Quattrone, CTO & Co-Founder

Chuck Ghoorah, Co-Founder and President of Worldwide Sales & Marketing

Additional senior executives here.

Investors

Not applicable as we’re private. You may reference our Blackstone Private Equity acquisition announcement from March 2023 (finalized in June 2023).

Competitors

• Candidly, the biggest competitor continues to be manual processes. Cvent come a long way since 1999 in pioneering a digital-first approach to meetings, events and group business. However, the pace of digital transformation continues to be an area where organizations and hotels/venues require our support in navigating and transforming their businesses through technology like Cvent’s.


• If you’re looking for a few specific options, given the breadth of Cvent platform, have a broad mix of competitors. On the event side, there is Bizzabo, RainFocus, SpotMe, Swapcard, Swoogo, among others. On the hospitality side, there is Groupize, HotelPlanner, Knowland, Tripleseat, among others.

Corporate Responsibility

• As a global market leader, Cvent is committed to acting as a responsible corporate citizen, operating business in an environmentally conscious manner, promoting diversity and inclusion, and acting ethically in business transactions.


• Our 2022 ESG report can be found here. (Cvent 23/24 report will be updated at this link by the end of the month, December 2024)


• More about their people, IDEAS (Inclusion, Diversity, Equity, Allyship and Storytelling) Council, and Employee Resource Groups can be found here.