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Cvent completes acquisition of Reposite to enhance global vendor and supplier sourcing

Jun 10, 2024•over 1 year ago

Acquiring Company

Cvent

Acquired Company

Reposite

Tysons CornerNew YorkEvent ManagementEvents

Description

Cvent, a prominent meetings, events, and hospitality technology provider, has successfully acquired Reposite, a global vendor and supplier sourcing marketplace. This acquisition strengthens Cvent's position in the industry, enhancing its ability to provide comprehensive event planning solutions and offer a broader range of services to its customers.

Company Information

Company

Cvent

Location

Tysons Corner, Virginia, United States

About

Cvent is a leading meetings, events, and hospitality technology provider with a comprehensive event marketing and management platform. It has 4,800+ employees and ~22,000 customers worldwide as of December 31, 2023, and offers a global marketplace where event professionals collaborate with venues to create engaging, impactful experiences. Cvent's suite of products automate and simplify the event management lifecycle and maximize the impact of in-person, virtual, and hybrid events.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed