meeting planning founded 1999 founder reggie aggarwal headquarters tysons corner virginia united states key people reggie aggarwal chief executive officer 1 products event management cvent supplier network strategic meetings management web surveys number of employees 1 750 website www.cvent.com cvent inc. is a publicly held software as a service saas company that specializes in meetings management technology . the company offers web based software for meeting site selection online event registration event management email marketing and web surveys . 2 cvent enters into definitive agreement to be acquired by vista equity partners for 1.65 billion . contents 1 history 2 software and services 3 external links 4 references history edit cvent was founded in september 1999 by reggie aggarwal . that same year it received 17 million in venture capital and grew its staff to 125 employees . following the dot com bubble burst and the september 11 attacks cvent faced near bankruptcy and was forced to cut 80 % of its staff . 3 the company became profitable again by 2003 . 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 . 3 4 5 in 2012 cvent entered the mobile market with the acquisition of two event application developers . on june 13 cvent announced its acquisition of austin based startup seed labs recently rebranded as crowdtorch for 4.2 million . 6 seven days later the company announced its acquisition of portland based application developer crowdcompass for 10 million . 7 crowdtorch develops mobile applications for consumer oriented events and crowdcompass develops mobile applications for business related events . 6 cvent filed an s 1 with the u.s. securities and exchange commission on july 8 2013 proposing an initial public offering of an estimated 5.6 million in shares . 8 it went public on the new york stock exchange on august 9 2013 8 at an initial price of 21 . 9 the company raised 117.6 million and received a market capitalization of more than a billion dollars . the ipo was referenced in regards to its use of the jobs act which enabled the company to offer an ipo much more quickly . 9 software and services edit in july 2000 cvent introduced its first saas product a web based tool for event planners to manage invitations and collect registration fees . 10 11 in 2006 it introduced a product for conducting online surveys citation needed which was followed by the introduction of the cvent supplier network two years later . the supplier network is a free online marketing place that connects meeting planners with venues and services . 12 in 2009 the company began offering professional services . citation needed an app development tool crowdtorch was launched in 2009 . citation needed cvent also produces a destination guide a free online 8 000 page travel guide designed for meeting planners with information about 800 different destinations . 13 a strategic meetings management helps users manage budgets . 14 15 external links edit official website references edit cvent leadership . cvent . retrieved august 5 2013 . event management giant cvent scoops up seed labs to help it go mobile . techcrunch . june 13 2012 . a b there and back again how cvent s founder stood by his company for better or bankruptcy . techcrunch . july 20 2011 . the daily start up nea insight lead mega round for cvent . wall street journal . july 21 2011 . venture investments grow in 3q from last year . the washington times . october 19 2011 . a b with a pair of acquisitions cvent expands into mobile . the washington post . june 24 2012 . after seed labs cvent snags crowdcompass for 10m to double down on mobile event apps . tech crunch . june 19 2012 . a b cvent unveils estimated terms of planned ipo of 5.6 million shares . wall street journal . july 29 2013 . a b cvent stock drifts back to earth . washington business journal . august 14 2013 . for cvent recent months a mix of ups and downs . washington business journal . april 30 2001 . how reggie aggarwal turned cvent into a success . the washington post . november 7 2010 . cvent launches event venue directory and rfp management system . hospitality world network . october 23 2008 . cvent launches new edition of destination guide . conference news . february 2 2012 2008 . check date values in date help cvent targets strategic meetings management . successful meetings . june 3 2009 . creative group selects cvent as strategic meetings management technology partner . travel daily news . june 13 2011 . retrieved from https en.wikipedia.org w index.php title cvent & oldid 731889851 categories companies based in mclean virginiacloud applicationshidden categories cs1 errors datesall articles with unsourced statementsarticles with unsourced statements from november 2013articles created via the article wizard navigation menu personal 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