Reggie started off with just one other co-founder in 1999, and the company took five years to become profitable. Cvent has grown to over 4,300 employees and has acquired several other companies along the way including, …

The company became profitable again by 2003. As a West Coast company leader meeting with Reggie, from the East Coast, there was a lot for both parties to learn from each other.Reggie, 49 years old, gets 6 to seven hours of sleep each night, and he’s married with three children. In the past year, they’ve opened offices in Dubai and Germany, which naturally comes with a higher CAC.Reggie is happy to be patient, though. He started with one main product offering, which was driven mostly by organic growth, and didn't focus on growing too fast too soon.Only after 12 years—when the company had built a solid product and customer base and was ready to expand—did Cvent make its first acquisitions.

In recent years, technology has supported a growing meeting and events industry and has helped bolster event ROI.For companies currently operating in the eventtech space, investment in R&D is essential. This is a niche that many casual enthusiasts in the SaaS space may not have given a lot of thought to.If that’s you, you may be unaware that the meetings and events market is worth one.And for the last twenty years, founder and CEO Reggie Aggarwal has made it his mission to transform the way meetings and corporate events have been held.By all accounts, he’s succeeded. That same year it received $17 million in,The company became profitable again by 2003. That same year it received $17 million in venture capital and grew its staff to 125 employees. As Cvent prepares to turn 21 this year, CEO Reggie Aggarwal assesses the events software company he has spent decades building and its future potential in … It took him public in 2013, then private again in 2016 with a $1.65 billion dollar deal from Vista. But it’s not going to be a too good-to-be true tale full of Bollywood masala. In 2011, Cvent was growing by 50% a year and received $136 million of funding from,On June 13, 2012, Cvent announced the acquisition of.In 2016, the company was acquired by venture capital company Vista Equity Partners for $USD 1.65 billion.On June 5, 2018, Cvent announced that it had acquired Kapow, an online booking platform for venues and experiences.On October 16, 2018, Cvent announced that it had acquired.On May 22, 2019, Cvent announced that it had acquired Wedding Spot, a wedding venue sourcing platform that allows users to find venues based on budget, location, style and guest count.On June 10, 2019, Cvent announced that it had acquired mobile event technology provider DoubleDutch.An app development tool, CrowdTorch, was launched in 2009. Cvent CEO Reggie Aggarwal is a certified phoenix who has brilliantly risen from the ashes of failure. This year marks 20 years since Cvent CEO Reggie Aggarwal founded his startup with a mission to transform the meeting and events industry. The event also allows customers to talk to other customers about how they're using Cvent and eventtech in general, which helps spread awareness about available tools and tips on how to use them for different types of companies and event needs.Cvent CONNECT highlights the importance of live events and is a prime example of how Cvent leverages them to promote event technology—not just their own platform—and to show firsthand how it's changing the event industry.The eventtech industry is still young, and Aggarwal is enthusiastic about its future and the opportunities available for aspiring entrepreneurs and even "intrapreneurs" looking to drive innovation within their existing companies.One of the most important pieces of advice he shared for anyone looking to get into eventtech was to make sure new products are built to be part of an open ecosystem. That’s measured against the 1 billion check they originally wrote, coming up with a 4.5x return on investment with just under 3x return on the figure of $1.65 billion.One thing Aggarwal wants you to take away from this is: learn the power of debt. How was that funded?