Cvent is Now the Largest Source of Meeting RFPS in North America
MCLEAN, VA – February 05, 2010 – Cvent, the leading provider of web-based software for the $350 billion meetings and events industry, has announced unprecedented growth of its Cvent Supplier Network in 2009. The Cvent Supplier Network allows meeting and event planners to search for venues across the globe, send electronic Requests for Proposals (RFPs), and compare bids from suppliers to better manage their entire site selection process. Launched in late 2008, the Cvent Supplier Network experienced tremendous success throughout its first year, with over 160,000 RFPs distributed to meeting venues in 2009. In the fourth quarter of 2009 alone, Cvent meeting planners sent almost 100,000 gross RFPs through the system, which is a 1000% increase over Q4 2008.
Bharet Malhotra, Cvent's Vice President of Sales, says, "The meetings industry is revolutionizing before our eyes. While transient travelers switched to online booking platforms years ago, the group meetings market has been slow to catch up. But based on our tremendous results from 2009, Cvent has seen a shift in the marketplace towards online site selection and RFP platforms. We're extremely excited to be paving the way as the leading meetings technology provider. We anticipate the exponential growth in RFP-flow will continue throughout 2010, as more meeting planners seek out ways to save time sourcing meetings and better manage their meeting expenses."
With over 100,000 event venues and service providers in the United States and internationally, the Cvent Supplier Network is the most comprehensive database available in the industry. To search the database for meeting space, sign up for a free account, and begin sending RFPs, planners can visit www.cvent.com.
Founded in 1999, Cvent is the world's largest meetings and event management technology company and has 1,200 employees worldwide. Cvent offers web-based software for online event registration, meeting site selection, event management, mobile apps for events, e-mail marketing and web surveys, and helps more than 10,000 clients in 90 countries manage hundreds of thousands of events, surveys and e-mail campaigns. Cvent's client base includes corporations from every major industry, associations, universities, and non-profit organizations. For more information, please visit www.cvent.com, or connect with us on Facebook, Twitter or LinkedIn.