Profile

The Cvent business idea came to light after Cvent CEO & Founder Reggie Aggarwal spent years painstakingly planning hundreds of events for the non-profit Indian CEO Network, of which he was president. During this time, he was working 60 hours a week as a lawyer and 30 hours a week organizing events. He was the secretary, meeting planner, and President, and his tools were Excel, Outlook, and yellow sticky notes. The painful event-planning process led him to believe there had to be a better way. In short, he found a paint point and set out to create the aspirin.

Driven by the desire to transform the meetings and events industry, Cvent has grown from a 2-person start-up to 5,000 employees and 22,000 customers worldwide. In 2013, Cvent’s IPO (NYSE: CVT) boasted a more than $1 billion market capitalization. In 2016, Cvent was taken private by Vista Equity Partners for $1.65 billion, providing a 70% premium for Cvent stockholders. In December 2021, Cvent returned to the public markets on the Nasdaq. In June 2023, Cvent was acquired for $4.6B, becoming a private company under Blackstone, one of the world’s largest private equity firms.

Cvent is now a leading meetings, events, and hospitality management technology provider. It offers the solutions organizations need to automate and simplify the entire event planning process and maximize the impact of their in-person, virtual, and hybrid events. Cvent’s platform powers millions of virtual, in-person, and hybrid events for thousands of organizations, including 50% of the Fortune 500. The Cvent Hospitality Cloud partners with hotels and venues to help them drive group and corporate travel business through our global marketplace and innovative technology.

Key Products

Event Management Platform

• Registration & Marketing: Build, promote, personalize and analyze event performance with a robust suite of registration and marketing solutions.


• Attendee Hub (Attendee Engagement): Connect your attendees to all the content, networking, and sponsors your event offers—anytime, from anywhere.


• Additional Event-Related Products

Supplier & Venue Solutions

• Hotel marketing solutions: Raise awareness of your brand/venue/destination, engage planners sourcing in your market, and promote your services to earn their group and corporate travel business.


• Hotel operations management: Collaborate with planners to build accurate, to-scale diagrams in minutes, and simplify room block management with custom event websites and upsell options that help you drive revenue.


• Additional Hotel/Venue-Related Products

Customer Insights

Cvent has an incredible library of customer success stories on their website here.

Statistics

• Number of employees: 4,800+


• Number of countries with offices: 11


• Number of customers: 22,000


• Revenue (Q1 23): $166.2 million


• Growth rate: 21% (Q1 2023)


• Net loss was $32.6 million for the first quarter of 2023 compared to $31.4 million in the comparable period in 2022.


• Cash, cash equivalents, and short-term investments as of March 31, 2023, totaled $156.1 million, compared to $140.0 million as of December 31, 2022.

Rating and Commentary

Cvent is a renowned leader in the event management and hospitality solutions industry. Through its comprehensive suite of software products, the company empowers event professionals by streamlining processes, enhancing attendee experiences, and driving overall success. Under the exceptional leadership and strategic direction of Reggie Aggarwal, Cvent has achieved significant milestones, including a successful initial public offering (IPO) in 2013 and subsequent growth in market capitalization.

Backed by prominent investors like Vista Equity Partners and Blackstone Group, Cvent continues to experience remarkable growth. With a workforce of over 4,800 employees and a customer base of 22,000, Cvent stands as one of the largest event technology companies globally. The company’s first-quarter revenue for 2023 reached $166.2 million, representing a remarkable 21.0% increase compared to the same period in 2022. Despite facing competition from companies like Bizzabo, Cvent’s dedication to innovation and staying ahead of the curve have propelled its growth. The impressive revenue growth and valuation of Cvent are a testament to its market dominance and ability to consistently deliver value to its customers. Cvent is well-positioned to continue its successful trajectory.

Cvent's Video

Key Executives

Reggie Aggarwal, CEO & Founder

Reggie Aggarwal is the CEO and Founder of Cvent, a market-leading meetings, events and hospitality technology provider. A lawyer by trade, Reggie founded Cvent in 1999, with the goal of making meeting planning easier for his peers in the business community.

Chuck Ghoorah, Co-Founder, President of Worldwide Sales & Marketing

Chuck Ghoorah is Co-founder and President of Worldwide Sales and Marketing at Cvent. Chuck has been instrumental in building Cvent from a startup to a 4,800-person company. In his role, Chuck is responsible for global go-to-market strategy and execution.

David Quattrone, Co-Founder, Chief Technology Office

David Quattrone has been with Cvent since the company’s founding, bringing a wealth of expertise in designing and developing large-scale Internet applications.

Organizational Insights

Cvent fosters a dynamic, inclusive organizational culture that values innovation, collaboration, and employee development. The company is committed to creating a supportive work environment where employees can thrive and contribute to the company’s success.

Cvent’s Glassdoor reviews provide insights into the company’s culture, with employees highlighting positive aspects such as a strong sense of teamwork, a passion for innovation, and a commitment to excellence. The company maintains an impressive overall rating on Glassdoor, reflecting the satisfaction of its employees.

Cvent also places significant emphasis on professional growth and development. The company provides employees with ample opportunities to expand their skills and knowledge through training programs, mentorship, and career advancement initiatives. Employees are encouraged to take ownership of their career paths and are supported in their professional aspirations.

Cvent’s culture promotes open communication and collaboration across teams and departments. The company values diverse perspectives and encourages employees to share ideas, provide feedback, and contribute to the organization’s overall success. Regular team-building activities, town hall meetings, and cross-functional projects foster a sense of camaraderie and collaboration among employees.

The company’s commitment to a positive work environment is further evident through its employee benefits and perks.

Board Members

Cvent’s Board of Directors comprises accomplished individuals with diverse backgrounds and expertise. The board plays a crucial role in guiding the strategic direction of the company. Here are three notable board members of Cvent:

Reggie Aggarwal: With over two decades of experience in the event management industry, Reggie has been instrumental in leading Cvent’s growth and innovation. Under his leadership, Cvent has become a global leader in event technology solutions.

David Quattrone: With a strong background in finance and technology, David brings valuable insights and strategic guidance to the company. He has played a pivotal role in shaping Cvent’s financial strategies and operational excellence.

Jim Frankola: From October 2012 to October 2021, Mr. Frankola was Cloudera’s CFO. Mr. Frankola oversaw finance, accounting, data, and IT. Since March 2021, Mr. Frankola has been a Director of multiphysics engineering simulation software company Ansys and a Strategic Advisor to Cloudera. Mr. Frankola earned a B.S. in accounting from Penn State University and an M.B.A. from NYU Stern.

Key Milestones

• Acquisition by Blackstone: Buyout firm Blackstone Inc agreed to purchase U.S. cloud-based event-software provider Cvent Holding Corp in a deal valued at $4.6 billion in 2023


• Jifflenow Announces Cvent Partnership To Connect Virtual Event & Meeting Metrics in 2023


• Cvent and MeetingPackage Announce Global Integration Partnershipin 2023


• Recognition and Awards: Cvent has received numerous accolades and industry recognition for its contributions to the event management space. This includes the Top 100 Software Product by G2 in 2023, 2022 Top Workplace by The Austin American-Statesman. 


• Virtual Event Platform Launch: In response to the COVID-19 pandemic, Cvent launched its virtual event platform in 2020. This platform enabled organizations to seamlessly transition their in-person events to virtual formats, ensuring business continuity and engagement with their audience during challenging times


• Acquisition of DoubleDutch: In 2019, Cvent acquired DoubleDutch, a mobile event app and registration platform. This strategic acquisition expanded Cvent’s capabilities in the mobile event technology space, allowing them to offer enhanced attendee engagement and personalized experiences.

News and Press Releases

• May 8, 2023: Cvent Announces First Quarter 2023 Financial Results (Read)


• May 8, 2023: Cvent Holding earnings missed by $0.10, revenue topped estimates (Read)


• March 14, 2023: Cvent Announces Fourth Quarter and Fiscal Year 2022 Financial Results (Read)


• Feb 17, 2023: How Cvent lowers carbon emissions and provides sustainable meeting options using AWS (Read)


• Aug 5, 2022: Cvent Continues Revenue Growth Momentum in Q2 (Read)

Competitors

• Candidly, their biggest competitor remains manual processes. Since 1999, they have made significant strides in pioneering a digital-first approach to meetings, events, and group business. However, the pace of digital transformation continues to be an area where organizations and hotels/venues need their support in navigating and transforming their businesses through technology like Cvent’s.

Corporate Responsibility

• As a global market leader, Cvent is committed to acting as a responsible corporate citizen, operating our business in an environmentally conscious manner, promoting diversity and inclusion, and acting ethically in our business transactions.


• Cvent’s 2022 ESG report can be found here. (Cvent’s 23/24 report is currently in progress)


• More about Cvent’s people, IDEAS (Inclusion, Diversity, Equity, Allyship and Storytelling) Council, and Employee Resource Groups can be found here.