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July 5, 2016

Americas: CEO Assures that Cvent Acquisition Will Drive Future Growth

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Reggie Aggarwal, CEO and cofounder of Cvent Inc., addressed what he called “the elephant in the room” at the company’s annual client conference, CventConnect, being held this week in Las Vegas. “Most of you are aware that Cvent entered into a definitive agreement to be acquired by Vista Equity Partners in April. The first questions you think about are what’s the impact to me, what’s the impact to our company, and what’s the impact to the industry?”

cvent acquisitionAggarwal worked to assure the audience that Vista’s purchase of the company for $1.65 billion will have a positive effect in all those areas and confirmed that he will remain at the helm of the company’s continuing growth. “I’m going to tell you, at a person level, I’m committed to being here,” he said. “I’m going to be here for many years to come because I believe in this space and I believe in this company.”

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