Cvent's Acquisition by Vista Equity Partners Named Deal of the Year at the 2017 Corporate Growth Awards
TYSONS CORNER, Va. – Cvent's acquisition by Vista Equity Partners was presented with the 2017 Corporate Growth Award for Deal of the Year by ACG (Association for Corporate Growth) National Capital.
The acquisition of Cvent was identified as the most successful and impactful deal executed in the greater D.C. business community this year by the 2017 Corporate Growth Awards Committee. The award was presented at a black-tie gala on May 11, 2017.
"ACG National Capital Corporate Growth Award winners represent the very best in middle-market business management and innovation," said Shooter Starr, Client Advisor at Brown Advisory and the chair of the 2017 Corporate Growth Awards Committee. "The companies and business leaders selected for these prestigious awards are chosen specifically for their accomplishment and creativity in growing their businesses and in driving corporate growth."
The award recognizes the enterprises and individuals in the greater Washington, D.C. metro area's business community that have exhibited excellence in corporate growth and deal making over the past year.
"Cvent has had a unique opportunity to serve as a critical influencer and driver of the Washington, D.C. metro region's burgeoning tech-sector," said Reggie Aggarwal,, CEO and founder of Cvent. "We are proud to be headquartered in the Washington metro region as we continue to grow our headcount and our business in the area."
Vista Equity Partners' acquisition of Cvent closed in Q4 2016 and was valued at $1.65 billion.
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.
About ACG National Capital
ACG National Capital, a chapter of the international association, ACG (Association for Corporate Growth) that serves Washington, D.C., northern Virginia and southern Maryland, drives middle-market growth and increases deal flow. It provides unparalleled opportunities for networking, deal making and professional development for individuals involved in building corporate value through M&A, strategic partnerships, organic growth and capital funding.
ACG National Capital's veteran leadership and its membership have participated in nearly every M&A transaction completed recently in the D.C. metro region with over 400 members. For more information, visit www.acgcapital.org or the ACG online publication at www.acgcapitalblog.com.