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.

 

About Cvent, Inc.

Cvent, Inc. is a leading meetings, events, and hospitality management technology provider with more than 3,500 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.