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Cvent
Continues Tremendous Growth, Increasing Revenue 37 Percent in Q3 2010
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Strong
Industry Demand Drives Addition of Over 750 New Clients During Strongest
Quarter Yet
Cvent
Continues Tremendous Growth, Increasing Revenue 37 Percent in Q3 2010
McLean,
VA � October 2010 � Cvent, the world�s
largest provider of online event
management, meeting
site selection and web
survey solutions, today announced that Q3 2010 was the company�s most
successful quarter to date. Driven by new and expanded event management
contracts with global Fortune 500 companies, new venue and destination
marketing agreements on the Cvent Supplier Network, and unprecedented adoption
of its web survey tool, Cvent experienced year-over-year Q3 revenue growth
of 37 percent. Cvent�s year-to-date revenue has grown a consistent 37 percent
over the same period in 2009.
Among
the more than 750 new customers Cvent brought on board in Q3 are almost
300 event management clients, including The Coca-Cola Company, Reed Elsevier,
ADT Security Services, and RE/MAX. Cvent�s web survey product line also
experienced exceptional growth in Q3, with sales up 60 percent over the
same period in 2009. Cvent�s new survey customers include Sam�s Club, Harvard
Medical School, Medtronic and The Nielsen Company, among others. In addition,
more than 330 venues and destinations signed on for Cvent Supplier Network
marketing packages in Q3.
�Q3
was a marquee quarter for Cvent,� said Chuck Ghoorah, Cvent�s Co-Founder
and Executive Vice President of Sales and Marketing. �More meeting professionals
than ever are looking to online technology solutions to conduct business,
and as Cvent has become the market leader in event management software,
adoption of our solutions has picked up tremendously. We are on track to
surpass the aggressive growth goals we set for 2010.�
About
Cvent
Founded
in 1999, Cvent is the world�s largest meetings management technology company
and has over 670 employees worldwide. Cvent offers web-based software with
features including meeting site selection, online event registration, event
management, e-mail marketing, and web surveys. Cvent helps over 80,000
users in 35 countries manage hundreds of thousands of events, surveys and
e-mail campaigns. Cvent has processed over $1.5 billion in online payments
and has managed over 30 million event registrations and survey responses
for its clients. For more information, please visit www.cvent.com.
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Contact:
Jamie
Rismiller
Public
Relations Specialist
Cvent
571-830-2466
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