Cvent, Inc. experiences, forty percent increase in sales and 33 consecutive months of positive cash flow.
ARLINGTON, VA (PRWEB) December 7, 2005 -- Cvent, Inc., the leader in web-based event registration, eMarketing, and housing/travel solutions, announced another record quarter ending September 30, 2005, with sales increasing 40% over the third quarter of 2004. Cvent Inc., a privately held company, is one of the only software providers in the event registration space that is profitable and has 50% growth year over year.
Cvent signed contracts with over 300 customers during the quarter. New customers include YMCA of the USA, Juniper Networks, American Airlines, Baltimore Symphony Orchestra, International Paper Company, Houston Rockets, and Pulte Homes,.
During the quarter Cvent doubled the size of its customer care staff and account management team.
Cvent signed a lease to relocate its corporate headquarters during Q1 2006 to Class A office space in McLean, Virginia, doubling the size of its current office space.
Chuck Ghoorah, Executive Vice-President of Sales and Marketing said, “Cvent has managed to maintain a very profitable business model for 11 quarters in a row. As our business continues to grow, we are making sure that our infrastructure scales alongside our success. I am especially pleased that the doubling of our customer facing staff will ensure that our users receive the best-in-class service that the industry has to offer.”
About Cvent – Cvent is the leading web-based event registration and eMarketing software company that increases attendance, improves satisfaction and reduce expenses for meeting planners and marketers nationwide. Cvent’s event registration and e-markeitng solutions are used by over 5,000 corporate and association event planners Revolutionizing the $50 billion event planning industry with its powerful suite of online event registration, eMarketing and reporting tools, Cvent is fast becoming a relationship gatekeeper in the information economy, managing the communication between professional organizations and their members and customers. For additional information, visit www.cvent.com.
Media Inquiries Contact:
Eric Eden, Director of Marketing
703-226-3558
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