 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:
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