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April 18, 2016

Vista Equity Partners to Acquire Cvent




Cloud-based enterprise event management company Cvent, Inc., has announced that it has entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners, a private equity firm focused on investments in software, data and technology-enabled businesses.

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Photo by Freeimages.com/Mike Johnson

Under the terms of the all-cash deal, Vista will acquire 100 percent of the outstanding shares of Cvent common stock for a total value of approximately $1.65 billion. 

Cvent will become a privately held company. Cvent’s Board of Directors unanimously approved the deal and recommended that stockholders vote their shares in favor of the transaction. Cvent’s headquarters will remain in Tysons Corner, VA. Closing of the deal is subject to customary closing conditions, including the approval of Cvent stockholders and required regulatory approvals. The transaction is expected to close in the third calendar quarter of 2016.

Visit www.cvent.com


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