Cvent

Cvent Holding Corp. is a Tysons Corner, Virginia–based company that provides software-as-a-service (SaaS) for meetings, events, and hospitality management.

Cvent Holding Corp.

Company type	Private
Traded as	Nasdaq: CVT (2021–2023)
Industry	Software
Founded	1999; 26 years ago (1999)
Founders	Reggie Aggarwal
Headquarters	Tysons Corner, Virginia , United States
Key people	Reggie Aggarwal (CEO)[1] David Quattrone (CTO)[2] Chuck Ghoorah (President of Worldwide Sales & Marketing)
Owners	Blackstone Inc. Abu Dhabi Investment Authority
Number of employees	5,000+ (2025)[3]

Cvent also provides software for hotels and venues to manage group bookings, including corporate travel, and source new group business.^[4] Previously a public company, Cvent was acquired by investment firm Blackstone Inc. for $4.6 billion in June 2023.^[3][5]

Operations

Cvent is headquartered in Tysons Corner, Virginia, a suburb of Washington D.C. International Cvent offices include Canada, the United Kingdom, India, Singapore and Melbourne.^[6][7]

Cvent traded on the New York Stock Exchange starting in 2013 under the symbol CVT until it was taken private in 2016 by Vista Equity Partners.^[8] After becoming a public company again, Cvent was traded on the Nasdaq Global Market under the stock symbol CVT starting in 2021, before being taken private by Blackstone.^[9][10]

History

Cvent was founded in September 1999 by Reggie Aggarwal.^[11] At its founding, Cvent had an initial staff of six individuals working in technology, business, and marketing.^[12] Prior to co-founding Cvent in 1999, Reggie served as the president of the Indian CEO Network.^[13]

In 1999, Cvent received US$17 million in venture capital and grew its staff to 125 employees.^[14]

In April 2001, Cvent had 300 customers, including MCO WorldCom, McDonald's, Princeton University, University of Virginia, Ernst & Young, and Hughes Network Systems.^[15]

Following the dot-com bubble burst and the September 11 attacks, Cvent faced near-bankruptcy and was forced to cut 80% of its staff. The company became profitable again in 2003.^[16]

In 2011, Cvent was growing by 50% a year and received $136 million of funding from New Enterprise Associates in July 2011, which, at the time, was the largest investment in a U.S. software company since 2007.^[14][17][18]

Cvent filed an S-1 with the U.S. Securities and Exchange Commission on July 8, 2013, proposing an initial public offering of 5.6 million shares.^[19] The company went public on the New York Stock Exchange on August 9, 2013, at an initial price of $21.^[19][20] Cvent raised $117.6 million and received a market capitalization of over $1 billion. The IPO was referenced in regard to its use of the JOBS Act, which enabled the company to quickly offer an IPO.^[20]

In 2016, the company was acquired by venture capital company Vista Equity Partners for $1.65 billion.^[21] Ashok Trivedi, the co-founder of Mastech Digital and iGate was an early investor in the company.^[22] After closing its acquisition of Cvent, Vista Equity Partners announced it would merge Cvent with Lanyon, another meetings-technology firm owned by Vista, branding them both under the Cvent name.^[23][24]

Following the close of a merger deal with Dragoneer Growth Opportunities Corp. II, a special purpose acquisition company (SPAC), Cvent went public on the Nasdaq Global Market. on December 9, 2021.^[25][26] In March 2023, Cvent agreed to be taken private again by Blackstone Inc. in a $4.6 billion deal that includes a significant minority investment from the Abu Dhabi Investment Authority.^[27]