Record Sales and Customer Totals
for First Quarter of 2005
28% Increase in Sales and 30 Consecutive Months of Positive Cash Flow
ARLINGTON, VA - April 26, 2005 - Cvent, Inc., the leader in web-based event registration, email marketing, and housing and travel solutions, announced another record quarter ending March 31, 2005, with sales increasing 61% over the first quarter of 2004 and cash-flow positive for the quarter. Cvent Inc. is a privately held company.
Cvent acquired 271 customer contracts for the quarter. New customers include Takeda Pharmaceuticals, Aon Consulting, Dyntek, Coombs Media, and the American Nurses Association.
Chuck Ghoorah, Executive Vice-President of Sales and Marketing said, “We are very pleased to have an exceptional sales team in place that understands the complex needs faced by our corporate, association and non-profit customers. With more than 5,000 users, and an ever expanding suite of event-related applications, Cvent stands out as the vendor of choice to help organizations tackle their challenges.” Cvent’s CFO Thomas Kramer noted, “This quarter represents continued record performance by our team. No one has higher expectations for Cvent over time than we do, and we're constantly driving for excellence on behalf of our customers and investors.”
Media Inquiries Contact:
Eric Eden
Vice President Marketing
703-226-3558
