Cvent Ranked 350th Fastest Growing Company in North America on Deloitte's 2012 Technology Fast 500™ List
Global leader in meetings and event management technology acknowledged for tremendous growth and significant success for second consecutive year
MCLEAN, Va., - Cvent , the world's largest cloud-based provider of event management, meeting site selection and web survey solutions, today announced it was ranked 350th on Deloitte's Technology Fast 500™ list, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This is the second consecutive year Cvent has earned a spot on this list.
"We are thrilled to be honored with this prestigious accolade alongside other leading technology companies like Salesforce.com, Eloqua, Jive Software, and Zillow," said Pete Childs, chief financial officer at Cvent. "Our growth is fueled by a combination of key factors including our industry-leading suite of products, significant employee growth over the past year and our award-winning client services team. As we grow, we continue to maintain our focus on providing solutions to meet our clients' diverse needs.
Overall, this year's Technology Fast 500™ companies achieved revenue growth ranging from 128 percent to 279,684 percent from 2007 to 2011, with an average growth of 2,774 percent. Additionally, 40 percent of the organizations recognized on this prominent list were software companies.
"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."
For more information about the Deloitte Technology Fast 500™ please visit http://www.deloitte.com/us/fast500/.
About Cvent, Inc.
Cvent, Inc. is a leading cloud-based enterprise event management company, with tens of thousands of customers and more than 2,700 employees worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, email marketing, and web surveys. Cvent provides hoteliers with an integrated platform, enabling properties to increase group business demand through targeted advertising and improve conversion through proprietary demand management and business intelligence solutions. 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.
About Deloitte's 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011. In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.