# Cvent

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American software-as-a-service company

Cvent Holding Corp. Type Private Traded as Nasdaq: CVT (2021–2023) Industry Software Founded 1999; 27 years ago (1999) Founders Reggie Aggarwal Headquarters Tysons Corner, Virginia , United States Key people Reggie Aggarwal (CEO)[1] David Quattrone (CTO)[2] Chuck Ghoorah (President of Worldwide Sales & Marketing) Owners Blackstone Inc. Abu Dhabi Investment Authority Number of employees 5,000+ (2025)[3]

**Cvent Holding Corp.** is a [Tysons Corner](/source/Tysons%2C_Virginia), Virginia–based company that provides [software-as-a-service](/source/Software_as_a_service) (SaaS) for meetings, events, and hospitality management.

Cvent also provides software for hotels and venues to manage group bookings, including corporate travel, and source new group business.[4] Previously a public company, Cvent was acquired by investment firm [Blackstone Inc.](/source/Blackstone_Inc.) for $4.6 billion in June 2023.[3][5]

## Operations

Cvent is headquartered in [Tysons Corner, Virginia](/source/Tysons%2C_Virginia), a suburb of [Washington D.C.](/source/Washington%2C_D.C.) International Cvent offices include [Canada](/source/Canada), the [United Kingdom](/source/United_Kingdom), [India](/source/India), [Singapore](/source/Singapore) and [Melbourne](/source/Melbourne).[6][7]

Cvent traded on the New York Stock Exchange starting in 2013 under the symbol CVT until it was taken private in 2016 by [Vista Equity Partners](/source/Vista_Equity_Partners).[8] After becoming a public company again, Cvent was traded on the [Nasdaq Global Market](/source/NASDAQ_Global_Market) under the stock symbol CVT starting in 2021, before being taken private by Blackstone.[9][10]

## History

Cvent was founded in September 1999 by Reggie Aggarwal.[11] At its founding, Cvent had an initial staff of six individuals working in technology, business, and marketing.[12] Prior to co-founding Cvent in 1999, Reggie served as the president of the Indian CEO Network.[13]

In 1999, Cvent received US$17 million in venture capital and grew its staff to 125 employees.[14]

In April 2001, Cvent had 300 customers, including MCO WorldCom, [McDonald's](/source/McDonald's), [Princeton University](/source/Princeton_University), [University of Virginia](/source/University_of_Virginia), [Ernst & Young](/source/Ernst_%26_Young), and [Hughes Network Systems](/source/Hughes_Network_Systems).[15]

Following the dot-com bubble burst and the [September 11 attacks](/source/September_11_attacks), Cvent faced near-bankruptcy and was forced to cut 80% of its staff. The company became profitable again in 2003.[16]

In 2011, Cvent was growing by 50% a year and received $136 million of funding from [New Enterprise Associates](/source/New_Enterprise_Associates) in July 2011, which, at the time, was the largest investment in a U.S. software company since 2007.[14][17][18]

Cvent filed an S-1 with the [U.S. Securities and Exchange Commission](/source/U.S._Securities_and_Exchange_Commission) on July 8, 2013, proposing an initial public offering of 5.6 million shares.[19] The company went public on the [New York Stock Exchange](/source/New_York_Stock_Exchange) on August 9, 2013, at an initial price of $21.[19][20] Cvent raised $117.6 million and received a market capitalization of over $1 billion. The IPO was referenced in regard to its use of the [JOBS Act](/source/Jumpstart_Our_Business_Startups_Act), which enabled the company to quickly offer an IPO.[20]

In 2016, the company was acquired by venture capital company [Vista Equity Partners](/source/Vista_Equity_Partners) for $1.65 billion.[21] [Ashok Trivedi](/source/Ashok_Trivedi), the co-founder of [Mastech Digital](/source/Mastech_Digital) and [iGate](/source/IGATE) was an early investor in the company.[22] After closing its acquisition of Cvent, Vista Equity Partners announced it would merge Cvent with [Lanyon](/source/Lanyon_Solutions), another meetings-technology firm owned by Vista, branding them both under the Cvent name.[23][24]

Following the close of a merger deal with [Dragoneer Growth Opportunities Corp. II](/source/Dragoneer_Investment_Group), a [special purpose acquisition company](/source/Special-purpose_acquisition_company) (SPAC), Cvent went public on the [Nasdaq](/source/Nasdaq) Global Market. on December 9, 2021.[25][26] In March 2023, Cvent agreed to be taken private again by [Blackstone Inc.](/source/Blackstone_Inc.) in a $4.6 billion deal that includes a significant minority investment from the [Abu Dhabi Investment Authority](/source/Abu_Dhabi_Investment_Authority).[27]

## References

1. **[^](#cite_ref-Cvent_Leadership_1-0)** ["Cvent Leadership"](https://www.cvent.com/en/company/management-team.shtml). Cvent. Retrieved August 5, 2013.

1. **[^](#cite_ref-2)** ["Cvent Company Profile"](https://craft.co/cvent). *Craft*. Retrieved 27 September 2019.

1. ^ [***a***](#cite_ref-acq_3-0) [***b***](#cite_ref-acq_3-1) Clabaugh, Jeff (June 16, 2023). ["Blackstone completes $4.6B acquisition of Tysons-based Cvent"](https://wtop.com/business-finance/2023/06/blackstone-completes-4-6b-acquisition-of-tysons-based-cvent/). *[WTOP](/source/WTOP-FM)*.

1. **[^](#cite_ref-4)** ["Event Management Giant Cvent Scoops Up Seed Labs To Help It Go Mobile"](https://techcrunch.com/2012/06/13/event-management-giant-cvent-scoops-up-seed-labs-to-help-it-go-mobile/). *TechCrunch*. June 13, 2012.

1. **[^](#cite_ref-5)** ["Events software provider Cvent accepts Blackstone's $4.6 BLN deal"](https://www.reuters.com/markets/deals/blackstone-acquire-cvent-deal-valued-46-bln-2023-03-14/). *Reuters*. 14 March 2023.

1. **[^](#cite_ref-6)** ["Cvent opens new offices in Singapore and Australia"](https://www.marketing-interactive.com/cvent-opens-new-offices-in-singapore-and-australia). *Marketing-Interactive*. 2017-05-23. Retrieved 2025-04-03.

1. **[^](#cite_ref-7)** Staff (May 25, 2017). ["Cvent opens offices in Australia and Singapore"](https://www.ttgmice.com/2017/05/25/cvent-opens-offices-in-australia-and-singapore/). *TTGmice*.

1. **[^](#cite_ref-8)** Overly, Steven (2013-08-09). ["McLean-based Cvent raises $117.6M in IPO"](https://www.washingtonpost.com/business/capitalbusiness/mclean-based-cvent-raises-1176m-in-ipo/2013/08/09/60c6a634-ffb0-11e2-9a3e-916de805f65d_story.html). *The Washington Post*. [ISSN](/source/ISSN_(identifier)) [0190-8286](https://search.worldcat.org/issn/0190-8286). Retrieved 2025-04-03.

1. **[^](#cite_ref-9)** ["Nasdaq"](https://www.nasdaq.com/market-activity/stocks/cvt). *Nasdaq*.

1. **[^](#cite_ref-10)** Althouse, Michaela (2021-12-09). ["Cvent is once again a publicly-traded company"](https://technical.ly/startups/cvent-public-spac/). *Technical.ly*. Retrieved 2025-04-03.

1. **[^](#cite_ref-11)** Cremades, Alejandro. ["This Entrepreneur Went From $400,000 In Credit Card Debt To Selling His Business For $1.65 Billion"](https://www.forbes.com/sites/alejandrocremades/2019/04/21/this-entrepreneur-went-from-400000-in-credit-card-debt-to-selling-his-business-for-1-65-billion/). *Forbes*. Retrieved 2022-03-04.

1. **[^](#cite_ref-12)** ["There And Back Again – How Cvent's Founder Stood By His Company, For Better Or Bankruptcy"](https://techcrunch.com/2011/07/20/there-and-back-again-how-cvents-founder-stood-by-his-company-for-better-or-bankruptcy/). *TechCrunch*. 20 July 2011. Retrieved 2022-03-04.

1. **[^](#cite_ref-13)** ["Reggie Aggarwal | The Software Report"](https://www.thesoftwarereport.com/top-leaders/reggie-aggarwal/). Retrieved 2022-03-04.

1. ^ [***a***](#cite_ref-techcrunch_14-0) [***b***](#cite_ref-techcrunch_14-1) ["There And Back Again – How Cvent's Founder Stood By His Company, For Better Or Bankruptcy"](https://techcrunch.com/2011/07/20/there-and-back-again-how-cvents-founder-stood-by-his-company-for-better-or-bankruptcy/). *TechCrunch*. July 20, 2011.

1. **[^](#cite_ref-up_15-0)** ["For Cvent, recent months a mix of ups and downs"](http://www.bizjournals.com/washington/stories/2001/04/30/focus3.html). *Washington Business Journal*. April 30, 2001.

1. **[^](#cite_ref-16)** ["There And Back Again – How Cvent's Founder Stood By His Company, For Better Or Bankruptcy"](https://techcrunch.com/2011/07/20/there-and-back-again-how-cvents-founder-stood-by-his-company-for-better-or-bankruptcy/). *TechCrunch*. 20 July 2011. Retrieved 2022-03-05.

1. **[^](#cite_ref-17)** ["The Daily Start-Up: NEA, Insight Lead Mega-Round For Cvent"](https://blogs.wsj.com/venturecapital/2011/07/21/the-daily-start-up-nea-insight-lead-mega-round-for-cvent/). *Wall Street Journal*. July 21, 2011.

1. **[^](#cite_ref-18)** ["Venture investments grow in 3Q from last year"](http://www.washingtontimes.com/news/2011/oct/19/venture-investments-grow-in-3q-from-last-year/). *The Washington Times*. October 19, 2011.

1. ^ [***a***](#cite_ref-online.wsj.com_19-0) [***b***](#cite_ref-online.wsj.com_19-1) ["Cvent Unveils Estimated Terms of Planned IPO of 5.6 Million Shares"](https://www.wsj.com/article/BT-CO-20130729-706761.html). *Wall Street Journal*. July 29, 2013.

1. ^ [***a***](#cite_ref-Cvent_stock_drifts_back_to_earth_20-0) [***b***](#cite_ref-Cvent_stock_drifts_back_to_earth_20-1) ["Cvent stock drifts back to earth"](http://www.bizjournals.com/washington/blog/techflash/2013/08/cvent-stock-drifts-back-to-earth.html). *Washington Business Journal*. August 14, 2013.

1. **[^](#cite_ref-21)** ["After months of government scrutiny, $1.65B Cvent acquisition is finalized"](https://www.washingtonpost.com/news/capital-business/wp/2016/11/29/after-months-of-government-scrutiny-1-65b-cvent-acquisition-is-finalized/). *washingtonpost.com*. 2016-11-29. Retrieved 2017-06-26.

1. **[^](#cite_ref-22)** ["Ashok Trivedi Floats $500 Mn Corpus - Establishes Family Office For Investing In Early-Stage Tech Startups - Inc42 Media"](https://inc42.com/flash-feed/ashok-trivedi-family-office/). *Inc42 Media*. 2016-12-27. Retrieved 2018-05-17.

1. **[^](#cite_ref-23)** Shapiro, Michael J. (November 29, 2016). ["Cvent CEO Reggie Aggarwal Discusses Next Steps for Lanyon Integration"](https://www.meetings-conventions.com/News/Meetings-Technology/meetings-technology-lanyon-cvent-merger). *www.meetings-conventions.com*. Retrieved 2025-04-03.

1. **[^](#cite_ref-24)** ["Vista Closes Cvent Acquisition, Merges Cvent & Lanyon"](https://www.businesstravelnews.com/Procurement/Vista-Closes-Cvent-Acquisition-Merges-Cvent-Lanyon). *www.businesstravelnews.com*. 2016-11-29. Retrieved 2025-04-03.

1. **[^](#cite_ref-25)** ["Tech firm Cvent to return to public markets via $5.3 bln blank-check deal"](https://www.reuters.com/technology/tech-firm-cvent-go-public-53-bln-blank-check-deal-2021-07-23/). *Reuters*. Reuters. 2021-07-23. Retrieved 2022-03-05.

1. **[^](#cite_ref-26)** ["Cvent goes public again"](https://www.virginiabusiness.com/article/tysons-software-company-cvent-goes-public-again/). *Virginia Business*. 2021-12-16. Retrieved 2022-03-05.

1. **[^](#cite_ref-27)** Schuetz, Molly (2023-03-14). ["Blackstone to Buy Cvent in Deal Valued at $4.6 Billion"](https://www.bloomberg.com/news/articles/2023-03-14/blackstone-to-buy-cvent-in-deal-valued-at-4-6-billion). *[Bloomberg News](/source/Bloomberg_News)*.

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Adapted from the Wikipedia article [Cvent](https://en.wikipedia.org/wiki/Cvent) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/Cvent?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.