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Cvent is Now the Largest Source of Meeting RFPS in North America

Cvent Supplier Network Accomplishes Hockey-Stick Growth in 2009 by
Sending 100,000 RFPs to Meeting Venues in Q4 2009



MCLEAN, VA – February 5, 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:
Founded in 1999, Cvent has over 500 employees worldwide. Cvent offers web-based software with features including meeting site selection, event sourcing, online event registration, event management, event website creation, and web surveys. Cvent helps over 35,000 users in 29 countries manage 200,000 events, surveys and email campaigns per year. Cvent has processed $1 billion in online payments and has managed over 10 million event registrations and survey responses for its clients. For more information on Cvent's web-based software, please visit www.cvent.com.

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Contact:

Kate Slonaker
Marketing Manager
kslonaker@cvent.com
703-226-3547
www.cvent.com
 

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Also See: Cvent Supplier Network Spans the Globe Profiling 100,000 Meeting Hotel and Event Venues; Expanded Worldwide Site Selection and eRFP Service to be Showcased at the 2009 EIBTM Exhibition / November 2009
ConferenceDirect Selects Cvent Supplier Network as Hotel RFP Platform / July 2009
Cvent Announces Strategic Partnership with Starwood Hotels; Hotels Leverage Online Advertising to Capture Meeting Planner Audience / June 2009
Cvent CEO Reggie Aggarwal Named Ernst & Young Entrepreneur Of The Year® 2009 Award Winner in Greater Washington; Award Recognizes Entrepreneurial Excellence in IT Services Category / June 2009
Hilton Selects Cvent Supplier Network as New Lead Channel For Group Business / June 2009
Cvent Partners with Hyatt to Increase Group Business to Hotels; Hyatt Promotes Complete Portfolio on Cvent Supplier Network / April 2009
Marriott Increases Group Business on Cvent Supplier Network; New Partnership to Promote Marriott Hotels with Meeting Planners / April 2009
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