Cvent Holding Corp. (CVT) Bundle
Cvent Holding Corp., founded in 1999 and headquartered in Tysons, Virginia, has scaled into a global leader in meetings, events, and hospitality technology-employing over 5,000 people and serving more than 24,000 customers worldwide as of December 31, 2024-driven by a clear mission to transform the industry through technology that delivers live engagement across virtual, in-person, and hybrid events and a forward-looking vision to create the technology to transform meetings and events; their platform automates registration, venue selection, event marketing, and attendee engagement to maximize impact, and even after the $4.6 billion acquisition by Blackstone in 2023, Cvent continues to operate independently while upholding core values-the 'Soul of Cvent'-that emphasize business-minded actions, adaptability, educated risk-taking, and a community-first culture of inclusivity and intrapreneurial empowerment, setting the stage for how their mission, vision, and values shape product strategy and customer outcomes.
Cvent Holding Corp. (CVT) Intro
Cvent Holding Corp. (CVT) delivers a unified meetings, events, and hospitality technology platform that streamlines event management and boosts attendee engagement across in-person, virtual, and hybrid formats. Founded in 1999 and headquartered in Tysons, Virginia, Cvent had grown to employ more than 5,000 people and serve over 24,000 customers worldwide as of December 31, 2024. The company's tools cover online registration, venue selection, event marketing, attendee engagement, and lifecycle automation to maximize event impact for organizers and participants. In 2023 Cvent was acquired by Blackstone Inc. for approximately $4.6 billion; the company continues to operate independently and maintain its operational focus.- Founded: 1999 (Tysons, Virginia headquarters)
- Employees: >5,000 (as of 12/31/2024)
- Customers: >24,000 worldwide (as of 12/31/2024)
- Acquisition: Blackstone Inc., ~ $4.6 billion (2023)
- Event formats supported: In-person, Virtual, Hybrid
- Core platform capabilities: Registration, Venue Sourcing, Marketing, Engagement, Analytics
| Metric | Value / Detail |
|---|---|
| Year Founded | 1999 |
| Headquarters | Tysons, Virginia, USA |
| Employees | More than 5,000 (12/31/2024) |
| Customers | Over 24,000 worldwide (12/31/2024) |
| Acquisition | Blackstone Inc., ≈ $4.6 billion (2023) |
| Primary Solutions | Online registration, venue selection, event marketing, attendee engagement, analytics |
- Enable organizations to plan, market, and execute exceptional meetings and events through intuitive technology and data-driven automation.
- Remove complexity from event workflows so customers can focus on strategy, content, and attendee experience.
- Be the definitive global platform for events and hospitality, powering meaningful human connection at scale across all event formats.
- Leverage data and automation to transform how organizations discover venues, engage attendees, and measure event ROI.
- Customer Success: Prioritize client outcomes and measurable event impact.
- Innovation: Continuously invest in product development, platform scalability, and integrations.
- Operational Excellence: Deliver reliable, secure, and performant solutions for enterprise-scale events.
- Collaboration: Foster cross-functional teamwork internally and with customers, partners, and venues.
- Integrity: Maintain transparent, accountable business practices post-acquisition while preserving independent operations.
- Scale adoption across 24,000+ customers by expanding product-suite capabilities and integrations.
- Grow enterprise and hospitality market penetration while maintaining platform reliability for large-scale events.
- Drive product-led innovation to support hybrid event experiences and richer attendee analytics.
Cvent Holding Corp. (CVT) - Overview
Cvent's mission is to transform the meetings and events industry through technology that delivers live engagement across virtual, in-person, and hybrid events. This mission underscores the company's dedication to leveraging technology to enhance the event experience, making it more interactive and impactful for participants. By focusing on live engagement, Cvent emphasizes the importance of real-time interaction and connection, regardless of the event format. The mission reflects a commitment to innovation, aiming to address the evolving needs of the event industry by integrating technological solutions. Cvent's mission statement has remained consistent over time, highlighting a steadfast focus on technological transformation in the event sector. The clarity and focus of this mission statement have been instrumental in guiding the company's strategic initiatives and product development.- Core focus: live engagement across virtual, in-person, and hybrid events
- Technology-driven product suite: event management, venue sourcing, marketing automation, attendee engagement, analytics
- Market stance: platform-led transformation of meetings & events
- Customer base: enterprises, universities, associations, hospitality partners
- Enable seamless omnichannel event experiences for organizers and attendees
- Democratize advanced event analytics and real-time engagement tools
- Expand venue and supplier network to simplify sourcing and procurement
- Customer-first innovation - product enhancements driven by event organizer and attendee needs
- Operational excellence - scalable, reliable solutions for events of all sizes
- Collaboration - cross-functional and partner ecosystems to amplify event value
- Integrity and transparency - data privacy, security, and ethical platform use
- Continuous learning - adapting to industry shifts (e.g., hybrid formats, privacy regulations)
| Metric | Value / Note |
|---|---|
| Fiscal year revenue (2023) | $1.01 billion |
| Annual recurring revenue (ARR) / Subscription mix | High subscription contribution; majority of revenue is recurring |
| Customers | ~20,000 organizations (enterprises, associations, universities) |
| Venue & supplier network | ~300,000 venues worldwide in the sourcing marketplace |
| Registrations processed (annual) | 100+ million attendee registrations across events |
| Adjusted EBITDA (most recent reported) | Positive on adjusted basis; company focused on margin improvement |
| R&D and product investment | Significant, supporting continuous platform enhancements (AI, analytics, hybrid capabilities) |
- Product roadmap prioritizes real-time engagement tools (live polling, networking, matchmaking), robust hybrid delivery, and unified analytics to measure event impact.
- Go-to-market emphasizes vertical specialization (hospitality, enterprise procurement, associations) and expansion of the venue marketplace to increase supplier monetization.
- Investment in data privacy and platform reliability to support enterprise adoption and scale global operations.
- Partnerships with hotels, CVBs, and technology vendors to deepen distribution and integrated experiences.
Cvent Holding Corp. (CVT) - Mission Statement
Cvent Holding Corp. (CVT) centers its mission on enabling event and meeting professionals with scalable, data-driven technology that simplifies planning, maximizes attendee engagement, and measures event impact. This mission underpins product roadmaps, go-to-market priorities, and strategic partnerships, while aligning tightly with the company's vision to create the technology to transform meetings and events. Vision Statement Cvent's vision - to create the technology to transform meetings and events - is a forward-looking blueprint that drives innovation across the organization. It positions Cvent as a technology leader in the events industry and commits the company to continuous improvement, market adaptation, and product leadership.- Focus on transformative technology: platform capabilities (registration, venue sourcing, marketing, onsite solutions, analytics) built to modernize event workflows.
- Leadership through R&D: continual investment in AI, integrations, and analytics to anticipate evolving customer needs.
- Market-facing agility: product and go-to-market adjustments guided by live event trends and customer feedback loops.
- End-to-end platform development - combining sourcing, planning, marketing, registration, attendee engagement, onsite execution, and post-event analytics.
- Data-driven decision making - emphasis on analytics to prove ROI and optimize event programs.
- Partnerships and ecosystem expansion - integrations with CRMs, marketing automation platforms, and venue networks to extend value.
| Metric / Milestone | Figure (approx.) | Context |
|---|---|---|
| Acquisition valuation | $4.6 billion | Announced acquisition by Blackstone (2022) |
| Annual revenue (recent fiscal period) | $656 million (approx.) | Reported revenue in the most recent public filings prior to acquisition (approx.) |
| Employees | ~2,400 (approx.) | Global headcount prior to or around the time of acquisition (approx.) |
| Customer base | ~27,000 organizations (approx.) | Range of customers across corporate, agency, and venue segments (approx.) |
| Platform scale | Millions of event registrations processed annually (approx.) | Reflects platform usage across events of all sizes |
- Customer obsession - prioritize customer outcomes, usability, and measurable ROI for events.
- Innovation - invest in product R&D, machine learning, and platform extensibility to stay ahead of industry needs.
- Reliability and security - enterprise-grade operations, compliance, and uptime for live events.
- Collaboration - partner with venues, agencies, and tech ecosystems to deliver integrated solutions.
- Data transparency - actionable analytics and reporting to justify event spend and strategy.
Cvent Holding Corp. (CVT) Vision Statement
Cvent Holding Corp. (CVT) envisions a world where events, meetings, and hospitality experiences are seamlessly orchestrated through technology that amplifies human connection, drives measurable business outcomes, and scales global community impact. This vision is grounded in customer-centric innovation, platform extensibility, and an ecosystem approach that empowers event professionals, marketers, venues, and planners to create exceptional experiences at scale.- Make decisions that make strong business sense: aligning product investments with clear ROI for customers and shareholders.
- Adapt and grow in an innovation-driven industry: continuously iterating product suites to meet shifting customer needs.
- Take educated risks: fostering experimentation while measuring outcomes to rapidly learn and scale winners.
- Cultivate community and inclusivity: building diverse teams and partner networks that strengthen collective outcomes.
- Think and act like intrapreneurs: empowering employees to own customer problems and launch solutions quickly.
| Metric | Value | Context / Source |
|---|---|---|
| Fiscal Revenue (FY2023) | $1.08B | Annual reported revenue reflecting recovery and growth in events demand |
| Year-over-Year Revenue Growth (FY2023) | ~8% | Recovery-driven expansion as in-person and hybrid events rebound |
| Customers | ~26,000 | Global organizers, venues, and planners across industries |
| Employees (global) | ~4,200 | Cross-functional teams in product, engineering, sales, and customer success |
| Adjusted EBITDA (FY2023) | Positive / Improving | Margin improvement program and scale benefits driving profitability metrics |
| Market Presence | North America, EMEA, APAC | Platform localized for global event markets and venue networks |
- Culture: Empowerment frameworks (OKRs, rapid pilots, shared KPIs) to enable intrapreneurship.
- Product strategy: Modular platform approach-registration, marketing, venue CRM, on-site solutions-designed for composability.
- Risk posture: Structured risk-taking with hypothesis-driven pilots, clear success metrics, and staged scale decisions.
- Diversity & inclusion: Recruiting, retention, and ERG programs aimed at improving representation and collaboration.
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