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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:
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