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A New Model Integrating Ticketing, Mobile and Fan Engagement for Venues, Promoters, Artists and Live Event Organizers
McLean, Va. – January 28, 2014 – Cvent (NYSE : CVT), a leading cloud-based enterprise event management platform, today announced the launch of a new Audience Management Platform (AMP). Marketed and sold through Cvent's CrowdTorch, AMP is a new model in the marketplace integrating online and box office ticketing, mobile apps, custom websites, social marketing and fan engagement and insight tools. By providing the critical components needed to manage events and engage with fans, this first-of-its-kind platform helps venues, promoters, artists and event organizers build brand loyalty, drive ticket sales and increase revenue. CrowdTorch's wide market appeal can be seen through its diverse client base, ranging from the chain of Improv comedy clubs and SBE nightclubs (Greystone Manor, Hyde and Create) to Mesa Amphitheatre and Bristol Motor Speedway.
"Cvent has had tremendous success with its event management platform for corporate events, and we recognized an opportunity to provide a similar platform for consumer-focused events," said Nitin Malhotra, Vice President of Corporate Development, Cvent. "By merging our previous acquisitions – TicketMob and Seed Labs – we're bringing together ticketing, mobile apps, digital and social marketing, fan engagement, and customer analytics in one integrated solution under our CrowdTorch brand; it's a natural progression of Cvent's vision."
In addition to offering the new Platform as a solution directly to clients, CrowdTorch will power the sites that TicketMob built for fans to find and buy tickets to events, including LaughStub for live comedy, TuneStub for live music, and ElectroStub for electronic dance music and nightlife. TicketMob's Founder and CEO Scot Richardson will serve as CrowdTorch General Manager and Todd Rogers, a Seed Labs Founder, will lead mobile strategy and development.
"The live events industry has been served by antiquated point solutions that address a small subset of the overall needs, and the industry was calling out for more. Our Audience Management Platform answers the call and helps event organizers build better, stronger businesses through additional revenue streams, more efficient operations, increased ticket sales and greater brand loyalty," said Scot Richardson.
Core components of the Platform include:
CrowdTorch, a wholly-owned subsidiary of Cvent (NYSE: CVT), develops, markets, sells and supports Cvent's consumer event management solutions. The CrowdTorch Audience Management Platform comprises a suite of feature-rich tools, including white-labeled ticketing, mobile, website, social, engagement and fan insights. The platform is designed to help venues, promoters, artists and event organizers in a variety of industries and sizes engage fans, drive revenue and generate valuable insights to better market to their crowd. In addition to client branded point-of-sale sites, CrowdTorch also powers primary sites for fans to find and buy tickets to events, including LaughStub for comedy, TuneStub for music and ElectroStub for electronic dance music/nightlife. To learn more, please visit www.crowdtorch.com.
Cvent, Inc. (NYSE: CVT) is a leading cloud-based enterprise event management platform. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, e-mail marketing and web surveys. Cvent provides hotels with a targeted advertising platform designed to reach event planners looking for suitable venues. 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 www.cvent.com, or connect with us on Facebook, Twitter or LinkedIn.