Cvent sees revenue growth of 50 percent in fourth quarter
- February 15, 2011
Cvent, a provider of online event management, web surveys and event marketing, saw its fourth quarter year-over-year revenue grow by 50 percent.
For the full year, Cvent reported revenue growth of 41 percent, added 200 new employees and acquired over 3,000 new customers. It was the best year in the McLean-based company’s 11-year history, according to a company statement.
Cvent noted that much of its growth came from new customers, existing customer program expansions and the signing of a substantial number of enterprise and Fortune 500 clients that are using Cvent’s meeting management platform.