News for the Hospitality Executive
McLean, VA — February, 2011 — Cvent, the world’s largest provider of online event management, meeting site selection and web survey solutions, today announced it closed 2010 with Q4 year-over-year revenue growth of 50 percent. This strong performance concluded Cvent’s most successful year in its 11-year history, during which the company achieved annual revenue growth of 41 percent, added 200 net new employees to its team and acquired over 3,000 new customers globally.
“We performed exceptionally well on all fronts in 2010, as businesses called on Cvent to help them navigate a ‘new normal’ left by the recession. With a laser focus on cutting costs and boosting efficiency, organizations of all kinds turned to Cvent’s software to get the most out of their meetings programs and web survey initiatives. As a result, we brought on a record number of new customers and also saw a significant jump in existing customer program expansions and renewals,” said Thomas Kramer, Cvent’s Chief Financial Officer. “We continue to set the pace in the industry as we kick off 2011 and are poised to maintain our rapid growth.”
Cvent’s other 2010 key highlights include:
Founded in 1999, Cvent is the world’s largest meetings management technology company and has over 750 employees worldwide. Cvent offers web-based software for meeting site selection, online event registration, event management, e-mail marketing, and web surveys, and helps over 90,000 users in 40 countries manage hundreds of thousands of events, surveys and e-mail campaigns. The company has processed over $1.5 billion in online payments and has managed over 30 million event registrations and survey responses for its clients. A leading authority on Strategic Meetings Management (SMM), Cvent has implemented SMM programs for more than 40 corporations over the past year. For more information, please visit www.cvent.com.
Connect with Cvent:
to Drive $2.5 Billion in Unique Group Business to Hotels in 2010;
Expects to Grow to $4 Billion in 2011 / November 2010
Announces New Technology Relationship with Hyatt; Streamlined RFP
Technology Is Intended to Increase Efficiency for Hyatt and Cvent’s
Meeting Planners /April 2010
|Kimpton Hotels & Restaurants Featured on the Cvent Supplier Network to Target Group Meetings Business / February 2010|
|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 / February 2010|
|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|
To search Hotel Online data base of News and Trends Go to Hotel.OnlineSearch
Home | Welcome| Hospitality News | Industry Resources
Please contact Hotel.Online with your comments and suggestions.