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Cvent Holding Corp. (CVT) has announced a definitive agreement for its acquisition by an affiliate of Blackstone in a transaction valued at approximately
Cvent has partnered with MeetingPackage to enable planners to instantly book small meetings at over 6,000 hotels worldwide. This integration will allow Cvent users to quickly secure meeting spaces without needing to contact sales representatives. The partnership aims to enhance efficiency for both planners and venue operators, improving the booking process through automation. With more than 90,000 planners utilizing Cvent for sourcing venues, this collaboration is expected to streamline the meeting planning process significantly. The integration is anticipated to launch later this year, further expanding Cvent's capabilities in the hospitality technology sector.
Cvent (NASDAQ: CVT) announced CEO Reggie Aggarwal's induction into the Washington Business Hall of Fame. As the third youngest inductee in its 35-year history, Aggarwal joins a prestigious class of honorees recognized for their contributions to the Greater Washington economy. Cvent has over 4,800 employees and 21,000 customers globally, providing a comprehensive event marketing and management platform. Aggarwal expressed pride in the company's role in building a diverse regional economy and inspiring future leaders.
Cvent (Nasdaq: CVT), a leader in meetings, events, and hospitality technology, announced that its CFO, Billy Newman, will present at the Credit Suisse Technology Conference on November 29, 2022, at 1:40 p.m. MT. A live webcast will be available at investors.cvent.com, with an archived replay also accessible. Cvent, headquartered in Tysons, Virginia, serves over 21,000 customers globally and employs more than 4,800 people. The company provides comprehensive solutions for event marketing and management, optimizing the event management lifecycle.
Cvent and Zoom Video Communications have announced a collaboration aimed at enhancing hybrid events. This integration allows organizations using Cvent for in-person events to seamlessly connect with Zoom Events, providing an engaging hybrid experience. Attendees can experience this collaboration at Zoomtopia 2022. The partnership signifies a strategic move to support organizations in managing complex event environments effectively, leveraging technology to boost attendee engagement.
Cvent Holding Corp. (Nasdaq: CVT) reported strong Q3 2022 results with total revenue of $161.3 million, up 20.3% year-over-year. This exceeded the high end of guidance by $2.3 million. Event Cloud revenue reached $112.9 million, a 22.1% increase, while Hospitality Cloud revenue grew 16.5% to $48.4 million. Adjusted EBITDA was $33.7 million, exceeding guidance by $5.1 million and reflecting a margin of 20.9%. Cvent also raised its full-year revenue guidance to $628.9 million to $629.9 million, indicating robust growth amidst market challenges.
American Express (NYSE: AXP) and Cvent (Nasdaq: CVT) announced enhanced features to the Cvent Event Marketing & Management platform, focusing on payment processing and budget management. Key upgrades include streamlining onboarding, simplifying expense allocation, expanding virtual funding options, and incorporating automated reconciliation to enhance budget visibility. A poll revealed 97% of corporate planners consider meetings more crucial now than pre-pandemic, with 74% expecting their budgets to increase. These improvements aim to meet growing corporate needs for efficient event management.
Cvent (Nasdaq: CVT) has announced its third quarter 2022 financial results will be released on November 3, 2022, after market close. Management will host a conference call and webcast at 5:00 p.m. ET on the same day to discuss the results. Investors can access the live call via this link or by phone. A replay will be available until November 10, 2022.
Cvent is a leading provider of technology for meetings, events, and hospitality, with over 4,700 employees and about 21,000 customers globally.
Cvent (Nasdaq: CVT), a leader in meetings and events technology, announced that its CEO, Reggie Aggarwal, and CFO, Billy Newman, will present at the Citi Global Technology Conference.
- Date: September 7, 2022
- Time: 4:00 p.m. ET
- Live webcast: investors.cvent.com
- Archived replay available on investors.cvent.com
Cvent supports over 21,000 customers globally, offering a comprehensive platform for event marketing and management.
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