Cvent Announces Strong Customer Growth
SaaS event technology leader continues impressive growth and momentum.
Tysons Corner, Va. – March 13, 2018 Cvent, Inc. a market leader in meetings, events, and hospitality technology, today announced several notable organizations have chosen Cvent's Event and Hospitality Cloud platforms to run their meetings and events, and increase their revenue. These organizations join Cvent's more than 25,000 customers in over 100 countries.
Cvent's Event Cloud
More than 80% of the Fortune 100 use Cvent to manage their meetings and events. Cvent's Event Management Platform provides all the tools needed to execute exceptional events - including venue site selection, online event management, on-site solutions, event mobile apps, email marketing and web surveys - which help organizations increase attendance, deliver engaging and personalized experiences, and measure the positive impact of events and overall return on investment (ROI).
- New customers include: Rolex, and Westinghouse.
- Renewals and expansions include: Land O' Lakes, RE/MAX, Service Employees International Union (SEIU), Wills Towers Watson, British Airways, and Miller Coors.
Cvent's Hospitality Cloud
Hoteliers use Cvent's Hospitality Platform to increase their group and business transient revenue. Together with destination management organizations (DMOs), hotels advertise on Cvent's digital sourcing platform to attract business from event planners and travel managers as they select hotels for their events and employee travel. Hotels also utilize Cvent software and business intelligence solutions to improve room block management, maximize planner and guest satisfaction, and identify opportunities for further growth. In 2017, nearly $15 billion and 40+ million room nights were sourced through Cvent's Hospitality Cloud.
- New customers include: The Islands of the Bahamas, Sydell Group, Andaz - Singapore, and the Four Seasons Hotel - Houston.
- Renewals and expansions include: Caesars Entertainment, Hyatt Corporation, Visit Indy, and Great Wolf Lodge.
"When organizations need a trusted software partner to run their meetings and events, and when hotels and DMOs need to find new customers and grow their businesses, they turn to Cvent," said Chuck Ghoorah, Co-Founder and President of Sales and Marketing. "The impressive list of customers that are new to Cvent, or have chosen to expand their use of our solutions, demonstrates that our platforms are best-in-class for organizations around the world."
"With more than 3,000 employees, Cvent is coming off the strongest year in our history. In 2017, we added thousands of new customers and expanded our reach around the world. That success enables us to accelerate our investment in the products and services our customers rely on each day. Our 1000 person technology team is hard at work delivering the innovative solutions that transform the meetings and events ecosystem, and our award-winning 750+ client services team continues to add new capabilities to support our customers around the globe 24/7."
Cvent Holding Corp. (Nasdaq: CVT), is a leading meetings, events, and hospitality technology provider with more than 4,700 employees and approximately 21,000 customers worldwide. Founded in 1999, the company delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging, impactful experiences. Cvent is headquartered in Tysons, Virginia, just outside of Washington D.C., and has additional offices around the world to support its growing global customer base. The comprehensive Cvent event marketing and management platform offers software solutions to event organizers and marketers for online event registration, venue selection, event marketing and management, virtual and onsite solutions, and attendee engagement. Cvent’s suite of products automate and simplify the event management process and maximize the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Cvent solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.