Vista Equity Partners’ Cvent closes QuickMobile acquisition

Cvent, Inc., a portfolio company of Vista Equity Partners, has completed previously announced acquisition of QuickMobile. Financial terms were not disclosed.

QuickMobile is a pioneer of mobile event apps. QuickMobile helps its customers deliver personalized, productive and fully-integrated events and meetings–across the enterprise and beyond–that captivate and engage attendees.

QuickMobile was backed by BDC Capital, TIMIA Capital, Vancity, and angel investors.

Tysons Corner, Virginia based Cvent is a leading cloud-based enterprise event management company. Cvent (formerly NYSE: CVT) was taken private by Vista Equity Partners for US $1.65 billion in November 2016.

photo credit: Cvent

News Release

Cvent Closes Acquisition of QuickMobile
May 23, 2018 11:00 AM Eastern Daylight Time

TYSONS CORNER, Va.–(BUSINESS WIRE)–Cvent, Inc., a market leader in meetings, events, and hospitality technology, today announced that it has closed its previously announced acquisition of QuickMobile, a pioneer of mobile event apps, based in Vancouver, British Columbia. The close of the acquisition will broaden and deepen Cvent’s already world-class mobile event app and onsite solution capabilities and help the company extend its reach in the marketplace through QuickMobile’s extensive partner network.

“We are extremely excited to complete our acquisition of QuickMobile and officially welcome them to the Cvent family,” said Reggie Aggarwal, founder and CEO of Cvent. “The addition of QuickMobile’s platform ensures we continue to provide leading mobile event app technology to our clients worldwide, and QuickMobile’s 100-member team brings deep domain expertise in – and a passion for – the meetings and events space, something we both already share.”

“This is great news for our customers, as it is for all of us here at QuickMobile,” said David Smith, CEO of QuickMobile. “Like us, Cvent is a leader in mobile event apps, and is committed to helping organizations run successful live events through technology. It’s exciting to add our talent and capabilities to a market leader that shares our passion for the events world.”

Together, the combined entity:

Serves more than 25,500 customers, including 80% of the Fortune 100
Has delivered 16.7 million app downloads
Employs more than 3,100 people worldwide
Offers more than 950 product support professionals to ensure customer success

About Cvent

Cvent, Inc. is a leading cloud-based enterprise event management company with more than 25,000 customers, 300,000 users, and 3,000 employees worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, email marketing, and web surveys. Cvent provides hoteliers with an integrated platform, enabling properties to increase group business demand through targeted advertising and improve conversion through proprietary demand management and business intelligence solutions. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.

About QuickMobile

Designed for today’s mobile-savvy attendee, QuickMobile’s mobile app and analytics platform creates meaningful and lasting experiences. QuickMobile helps its customers deliver personalized, productive and fully-integrated events and meetings–across the enterprise and beyond–that captivate and engage attendees. QuickMobile has helped thousands of high-performance organizations around the world transform their meetings and events. QuickMobile’s head office is located in Vancouver, Canada.

Contacts

Cvent, Inc.
Erica Stoltenberg, 571-378-6240
estoltenberg@cvent.com


Ted Liu
Ted Liu, M.Sc. (Mining), MBA (Finance), is the Editor of Private Capital Journal, TechnologyMetals.ca, GoldSilverMetals.ca, and former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA). Ted was the architect of CVCA infobase, and is the architect of sophisticated and advanced CPE Media Private Capital Dealbase. Ted is President of CPE Media Inc., Canada's independent, trusted and unbiased data provider tracking Canadian VC/PE, private capital industry and public market.
Top