Cvent is a cloud-based enterprise event management platform. The Company offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, e-mail marketing, and web surveys. Cvent provides hotels with a targeted advertising platform designed to reach event planners looking for suitable venues. The Company's solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events.
Type
Subsidiary
Parent Company
Vista Equity Partners
HQ
Mc Lean, US
Founded
1999
Website
cvent.com
Cvent was founded in 1999 and is headquartered in McLean, US

Key People at Cvent

David Quattrone

David Quattrone

Co-Founder, Chief Technology Officer
Chuck Ghoorah

Chuck Ghoorah

Co-founder, President of Worldwide Sales and Marketing
Cynthia Russo

Cynthia Russo

Executive Vice President and Chief Financial Officer
Ed Benack

Ed Benack

Senior Vice President of Client Services
Bharet Malhotra

Bharet Malhotra

Senior Vice President of Sales
Brian Ludwig

Brian Ludwig

Senior Vice President of Sales
Larry Samuelson

Larry Samuelson

Senior Vice President, General Counsel and Corporate Secretary
Anil Punyapu

Anil Punyapu

Vice President of Enterprise Sales
Pete Floros

Pete Floros

Senior Vice President of Product Management
Michael Lu

Michael Lu

Vice President of Product Development
Daniel Lapus

Daniel Lapus

Senior Vice President, Product Management
Nitin Malhotra

Nitin Malhotra

Senior Vice President of Corporate Development
Reggie Aggarwal

Reggie Aggarwal

Founder, Chief Executive Officer and Chairman of Board of Directors
David Johnson

David Johnson

SVP, Engineering

Cvent Office Locations

Cvent has offices in McLean, Portland, Santa Barbara, Austin and in 13 other locations
Mc Lean, US (HQ)
1765 Greensboro Station Pl
Fredericton, CA
50 Crowther Ln
Dallas, US
Kpmg Centre 717 N Harwood St
London, GB
40 Melton St
Fredericton, CA
100 50 Crowther Ln
Chamblee, US
185 5256 Peachtree Rd
Austin, US
200 3601 S Congress Ave
Austin, US
8900 Shoal Creek Blvd
Santa Barbara, US
925 De La Vina St
Portland, US
200 308 Sw 2nd Ave

Cvent Data and Metrics

Cvent Summary

In total, Cvent had raised $824.9 m. Cvent is a subsidiary of Vista Equity Partners

Cvent Financial Metrics

Cvent's revenue was reported to be $56.7 m in Q3, 2016 which is a 5% decrease from the previous period.
USDFY, 2013FY, 2014FY, 2015

Revenue

111.1 m142.2 m187.7 m

Revenue growth, %

28%32%

Cost of goods sold

31.9 m42.1 m59.7 m

Gross profit

79.2 m100.2 m128 m

Gross profit Margin, %

71%70%68%

Sales and marketing expense

48.4 m61.8 m77.9 m

R&D expense

11.2 m14 m22 m

General and administrative expense

19.4 m23.1 m34.7 m

Operating expense total

81.2 m100.4 m144.5 m

EBITDA

15.1 m18 m27.5 m

EBITDA margin, %

14%13%15%

EBIT

(1.9 m)(231 k)(16.5 m)

EBIT margin, %

(2%)(0%)(9%)

Interest income

1 m1.6 m2.5 m

Pre tax profit

(924 k)930 k(14.5 m)

Income tax expense

2.3 m(864 k)4.4 m

Net Income

(3.2 m)1.8 m(18.8 m)
USDQ1, 2016Q2, 2016Q3, 2016

Revenue

52.3 m59.6 m56.7 m

Cost of goods sold

14.6 m17 m16.6 m

Gross profit

37.7 m42.7 m40.1 m

Gross profit Margin, %

72%72%71%

Sales and marketing expense

18.8 m25.8 m19.6 m

R&D expense

10.4 m11.8 m12.2 m

General and administrative expense

9.1 m9.6 m12.7 m

Operating expense total

38.7 m48 m45 m

EBITDA

8.9 m9 m11.7 m

EBITDA margin, %

17%15%21%

EBIT

(1 m)(5.1 m)(4.9 m)

EBIT margin, %

(2%)(9%)(9%)

Interest income

552 k406 k209 k

Pre tax profit

(462 k)(4.7 m)(4.7 m)

Income tax expense

736 k959 k879 k

Net Income

(1.2 m)(5.7 m)(5.6 m)
USDFY, 2013FY, 2014FY, 2015

Cash

146.4 m144.5 m118.7 m

Accounts Receivable

33.2 m45 m30.5 m

Current Assets

202.6 m229.8 m193.5 m

PP&E

7.9 m22.5 m24.4 m

Goodwill

12.7 m20.8 m38.9 m

Total Assets

235.8 m300.9 m301.6 m

Accounts Payable

5.4 m5.1 m1.7 m

Current Liabilities

89.1 m105.6 m108.5 m

Total Liabilities

93.8 m127.1 m127.3 m

Common Stock

40 k42 k43 k

Additional Paid-in Capital

168.9 m199.2 m218.5 m

Retained Earnings

(23 m)(21.2 m)(40 m)

Total Equity

142 m173.8 m174.3 m

Financial Leverage

1.7 x1.7 x1.7 x
USDQ1, 2016Q2, 2016Q3, 2016

Cash

157.8 m162.9 m169.1 m

Accounts Receivable

26.6 m24.5 m29.1 m

Current Assets

217.5 m212.9 m220.5 m

PP&E

24 m22.4 m21.4 m

Goodwill

38.9 m38.9 m38.9 m

Total Assets

326.7 m322.5 m329.7 m

Accounts Payable

3.3 m3.8 m2.9 m

Current Liabilities

130.3 m123.6 m129 m

Total Liabilities

149.7 m144.5 m151.1 m

Common Stock

43 k43 k43 k

Additional Paid-in Capital

224 m231 m237.3 m

Retained Earnings

(42.6 m)(48.3 m)(53.9 m)

Total Equity

177.1 m178.1 m178.6 m

Financial Leverage

1.8 x1.8 x1.8 x
USDFY, 2013FY, 2014FY, 2015

Net Income

(3.2 m)1.8 m(18.8 m)

Depreciation and Amortization

7.8 m10.6 m20.2 m

Accounts Receivable

(4.9 m)(11 m)13.3 m

Cash From Operating Activities

22.1 m28.4 m27.2 m

Purchases of PP&E

(4.2 m)(18.8 m)(8.4 m)

Cash From Investing Activities

(13.7 m)(55.6 m)(60.1 m)

Cash From Financing Activities

121.4 m25.6 m7.2 m

Income Taxes Paid

3.3 m1.7 m319 k
USDQ1, 2016Q2, 2016Q3, 2016

Net Income

(1.2 m)(6.9 m)(12.4 k)

Depreciation and Amortization

5.9 m12.3 m19.1 m

Accounts Receivable

3.8 m5.7 m1.1 m

Cash From Operating Activities

37.7 m43.7 m50.8 m

Purchases of PP&E

(1.2 m)(2.3 m)(3.2 m)

Cash From Investing Activities

1.3 m(1.1 m)(3.3 m)

Cash From Financing Activities

466 k2.6 m4.1 m

Income Taxes Paid

(3.6 m)(3.9 m)

Cvent Operating Metrics

FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015Nov, 2016

Event Registrations Processed

5.76 m7.33 m8.71 m10.95 m14.96 m

Events and Meetings Managed

108 k139 k206 k264 k344 k

Room Nights Requested

9.11 m13.85 m20.93 m27.4 m29.34 m

Requests for Proposal Submitted

825 k1.11 m1.2 m1.6 m1.8 m

Venues in Database

200 k218 k235 k240 k

Event and Meeting Planner Customers

6.2 k6.9 k7.7 k8.8 k

Customers

15.8 k28 k

Cvent Revenue Breakdown

Cvent Job Categories

Cvent Median Salaries

Source: 122 public H-1B filings from Cvent

Cvent Online and Social Media Presence

Cvent Company Life and Culture

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