Cvent to move headquarters to former SAIC building in Tysons Corner
Cvent, an expanding event management solutions company, is shifting its headquarters to a bigger space in Fairfax County.
The move means the county will retain 451 local jobs and gain another 400 during the next three years.
Cvent, which has operated in Virginia since 1999, will move into SAIC’s former headquarters building in Tysons Corner. Cvent’s current headquarters is in the same area, 8180 Greensboro Drive in McLean.
Virginia competed against Maryland for the project, which was secured with the help of a $1 million grant from the Governor’s Opportunity Fund.
“As a growth-oriented tech company it is critical to be located in an area that offers access to a highly qualified talent pool and aligns with our entrepreneurial culture,” Reggie Aggarwal, the CEO and founder of Cvent, said in a statement. “Virginia offered a very competitive package that is supportive of our expansion and gives us the ability to continue to grow.”
Cvent will lease about 130,000 square feet of space in the former SAIC building, now called Greensboro Station, at 1710 Solutions Drive in Tysons Corner. The company plans to invest $7 million to expand its headquarters operations.
The move is planned for the latter half of 2014.
Cvent offers software solutions to event planners for online registration, venue selection, event management, mobile apps for events, email marketing, and Web surveys.
The company also helps hotels with targeted advertising to event planners.
Greensboro Station is near the new Silver Line Metro route. It was sold by SAIC to the Meridian Group, a Washington, D.C., area real estate private equity firm.
SAIC recently divided its operations into two companies with one, called Leidos, moving to new quarters in Reston.