Cvent Announces Closing of Upsized Follow-on Offering and Exercise of Over-Allotment Option

McLean, Va. – Cvent (NYSE : CVT), a leading cloud-based enterprise event management platform, announced today that it closed its public offering of 5,280,000 shares of its common stock, an increase of 10% from the original offering size, and that the underwriters have exercised, in full, their option to purchase up to 792,000 additional common shares. As a result, the total follow-on offering size was 6,072,000 shares, which consists of 747,500 shares sold by Cvent and 5,324,500 shares sold by selling stockholders. All shares included in the offering were sold to the public at a price of $35.50 per share. Cvent received net proceeds of approximately $25.4 million, after underwriting discounts and commissions, and before deducting offering-related expenses. These proceeds will be used for offering-related expenses, working capital and general corporate purposes, including further expansion of Cvent’s operations and product development. Cvent will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley & Co. LLC and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Pacific Crest Securities LLC, Stifel, Nicolaus & Company, Incorporated, and Needham & Company, LLC acted as co-managers.

A registration statement relating to these securities was filed with, and declared effective by, the US Securities and Exchange Commission. This offering was made only by means of a prospectus forming part of the effective registration statement. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department, or from Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 866-471-2526, facsimile: 212-902-9316, e-mail: [email protected]

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Cvent, Inc.

Cvent, Inc. is a leading meetings, events, and hospitality management technology provider with more than 3,200 employees, 25,000 customers, and 300,000 users worldwide. The Cvent Event Cloud offers software solutions to event planners and marketers for online event registration, venue selection, event management and marketing, onsite solutions, and attendee engagement. Cvent’s suite of products automate and simplify the planning process to maximize the impact of events. The Cvent Hospitality Cloud partners with hotels and venues to help them drive group and corporate travel business.  Hotels use the Cvent Hospitality Cloud’s digital marketing tools and software solutions to win business through Cvent’s sourcing platforms and to service their customers directly, efficiently and profitably – helping them grow and own their business. 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 Cvent.com, or connect with us on FacebookTwitter or LinkedIn.