Cvent Appoints Cynthia Russo as Chief Financial Officer
Veteran public company CFO brings two decades of financial leadership experience to Cvent
Tysons Corner, Va. – Cvent, Inc. (NYSE: CVT), a leading cloud-based platform for meetings and group business, today announced that it has appointed Cynthia Russo as Executive Vice President and Chief Financial Officer, effective September 28, 2015.
Ms. Russo brings 25 years of financial and leadership experience to Cvent. Most recently, she was Executive Vice President and CFO of publicly-traded MICROS Systems, a provider of information technology for the hospitality and retail industries. During her 19 years at MICROS, she served in a variety of senior finance roles of increasing responsibility, from Director of Financial Reporting to Senior Vice President, Corporate Controller, and ultimately to CFO, which she served as for the last five years until MICROS' acquisition by Oracle in September, 2014. In these roles, she supported MICROS' growth to over $1.4 billion in revenue and over 6,800 employees operating in over 50 countries. She was instrumental in scaling the businessâpushing top-line growth and improving processes to increase the company's efficiency and profitability.
Ms. Russo will lead Cvent's financial operations, reporting, planning and analysis, and report directly to Reggie Aggarwal, Cvent's founder and Chief Executive Officer.
"We are excited to have Cindy join our management team," said Mr. Aggarwal."Her experience as a financial leader and business executive will be a valuable asset for Cvent. We believe Cindy's demonstrated ability to lead a finance team and support a growing, global company will contribute to our success as we capitalize on our position as a leading provider of technology for the meetings and events industries."
"Cvent's rapid growth, global footprint and expanding leadership position in the meetings and events market make this a compelling time to join the company as its next CFO," said Cindy Russo. "I look forward to working with Cvent's talented executive team and leveraging my prior experience to help the company scale to the next level and realize its full potential."
Ms. Russo holds a Bachelor of Business Administration from James Madison University. She is a Certified Public Accountant and a Certified Internal Auditor.
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 Facebook, Twitter or LinkedIn.
"Safe harbor" statement under the Private Securities Litigation Reform Act of 1995:
This press release contains forward-looking statements, including statements relating to the expected volume of sourcing through the Cvent Hospitality Cloud in 2015, the rollout of the Hospitality Cloud to all Cvent users, and the expected functionality and impact of the Hospitality Cloud. The achievement or success of the matters covered by such forward-looking statements involves risks, uncertainties and assumptions. If any such risks or uncertainties materialize, or if any of the assumptions prove incorrect, the company's results could differ materially from the results expressed or implied by the forward-looking statements we make. For a detailed discussion of these and other risk factors, please refer to the risks detailed in our filings with the Securities and Exchange Commission, including, without limitation, our Annual Report on Form 10-K filed on March 16, 2015, Form 10-Q filed on May 11, 2015 and other reports and filings with the Securities and Exchange Commission.