Cvent Recent Developments
Divested consumer ticketing assets in December 2015 and consumer mobile assets in January 2016 as Cvent focuses on corporate event management solutions and group business platform for the hospitality industry.
Cvent M&A Activities
On November 29, 2016, Cvent announced that it had been acquired by Vista Equity Partners. In addition, Cvent and Lanyon Solutions also announced the merger of their two companies, creating a global meeting, event and travel technology leader.
Cvent Overview
Ownership: Public - CVT : NYSE
Employees: 1910
Functional Market: Collaboration, Procurement,
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction and Real Estate, Consumer Packaged Goods, Education, Government, Healthcare, Insurance, Leisure & Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil and Gas, Professional Services, Retail, Transportation, Utility,
Cvent Key Enterprise & Cloud Applications
CrowdCompass by Cvent, Cvent Conference Management, Cvent Hospitality Cloud , Cvent Meetings Management Software , Event Cloud Management Platform , Inquisium (Cvent Web Surveys )
SCORES Analysis
Cvent Strengths
Cvent is a leading cloud-based event management platform, with more than 1,910 employees, 15,600 customers and more than 100,000 active users worldwide.
The company’s mission is to transform the way its customers manage meetings/events and become the defacto standard.
Cvent has developed easy-to-use, intuitive technology solutions that serve distinct, yet interdependent needs, including: professional events and conferences, internal business meetings, consumer and lifestyle events, and the venues and suppliers these organizations depend on to execute world-class events.
As a company with a $1 billion+ market capitalization, Cvent is also positioned to invest in product vision, development and support, where others cannot.
Cvent’s technology team, comprised of 580 engineers/developers (the largest in the industry), is committed to seizing the opportunity to transform the meetings and events industry, as evidenced by an aggressive new product enhancement release cycle across all solutions that are a part of the platform.
Cvent also provides good customer support.
Over 350 employees strong, Cvent’s Client Services Department is focused solely on the client, and the company’s industry leading 95% Client Services CSAT Rating, numerous Stevie awards, and International Service Excellence Award, speak to that commitment.
Cvent sourced approximately $10 billion in group business through its marketplace in 2015.
Cvent offer six principal product categories on two integrated clouds, the Event Cloud and the Hospitality Cloud.
The Event Cloud includes the following five product categories: event and conference management software, enterprise solutions software, mobile event apps, pre- and post-event feedback management software, and onsite event solutions.
The Hospitality Cloud includes three product categories: group marketing solutions (primarily through CSN, which is a marketplace that connects approximately 240,000 venues with highquality, ready-to-transact event and meeting planners), group demand management and group business intelligence for hotels and venues.
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- Key differentiators
- Domain Expertise
- Product portfolio
- Solution scope
Cvent Revenues, $M:
| Type/Year | 2015 | 2016 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Cvent Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Cvent Enterprise Applications Revenues By Functional Markets, $M:
Cvent Enterprise Applications Revenues By Verticals, $M:
Cvent Revenues By Region, $M
| Region | % of Total Revenues | 2016 Total Revenues, $M | 2016 Enterprise Applications Revenues, $M | 2016 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Cvent Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Cvent Customers
No. of Customers: Subscribe
No. of Enterprise Applications Customers: Subscribe
No. of Cloud Customers: Subscribe
No. of Cloud Subscribers: Subscribe
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- Reference wins across regions
- Customer Size segments
- Customer wins momentum
Cvent Opportunities
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- Market Opportunities at the vertical and subvertical levels
- Mergers and Acquisitions (M&A), Funding
- Geo Expansions
Cvent Risks
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- Ability to handle internal and external risk and challenges
Cvent Ecosystem
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- Health of ecosystem
- Network Effects of BPO, ISV, SI
- VAR Partners
- Direct vs Indirect sales
Cvent Cloud Infrastructure Insights
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- Cloud Infrastructure (IaaS)
- Cloud Platform (PaaS)
- Cloud Application delivery (SaaS)
- Data Center (Hosting)
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/https://www.appsruntheworld.com/offerings
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