Articles tagged “cvent”

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Cvent to Be Acquired by Blackstone in $4.6 Billion Deal

The world's largest event technology company is going private again. Blackstone will soon own Cvent and is bullish on the recovery of events and travel. After an initial offer was rejected, the deal is worth approximately $4.6 billion.
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Cvent Said to Be Exploring a Sale

Cvent, a leading meetings, events, and hospitality technology provider, is reportedly looking into selling with private-equity firm Blackstone interested.
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Cvent Bets on Return of In-Person Events to Offset Doubling of Losses

Cvent's first quarter losses nearly doubled to $31.4 million in the first quarter. CEO Reggie Aggarwal didn't flinch, expressing confidence that tailwinds spurred by increasing in-person attendance will offset inflation and other market worries for the rest of 2022.

Why 2021 Is the Year of the Travel IPO

So far this year, a dozen travel companies went public or made plans to do so. A couple of them may shine. But the odds are stacked against this year's IPOs, on average, over the long term. Find out why.