Cvent Announces Record Sales and New Product Upgrades Completed in Second Quarter of 2005
Twenty-eight percent increase in sales and 30 consecutive months of positive cash flow. CVENT also released a major product upgrade during Q2 2005.
ARLINGTON, VA (PRWEB) August 15, 2005 -- Cvent, Inc., the leader in web-based event registration, eMarketing, and housing/travel solutions, announced another record quarter ending June 31, 2005, with sales increasing 28% over the second quarter of 2004 and cash-flow positive for the quarter. Cvent Inc. is a privately held company.
Cvent acquired 223 customer contracts for the quarter. New customers include DuPont, AC Nielsen, ScanSoft, National Geographic Society, Cars.com, Glasser Legal Works, Barcardi USA Inc.
Chuck Ghoorah, Executive Vice-President of Sales and Marketing said, The quality and diversity of our customer base continues to be broad based. We are not dependent on any one market segment. Demand for our web based software continues to be strong across all types of organizations -- corporations, associations and non-profits."
Cvent released a new version of its professional and enterprise event marketing product at the end of the second quarter that provides customers with enhanced travel planning functionality, improved user interface features such as event calendars, additional e-commerce functionality for collecting event registration fees, and the ability for clients to more closely track the performance of email marketing campaigns. Cvents Vice-President of Product Development David Quattrone noted We have listened closely to feedback from our clients and thousands of event planners in the industry and delivered a major upgrade that should greatly streamline the event planning challenges that organizers battle every day."
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. 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.
For questions Contact
Eric Eden
Director of Marketing
703-226-3558
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