Cvent Founder and CEO Reggie Aggarwal at Cvent Connect 2016
Today, two leaders in event technology have become one. Cvent and Lanyon, two of the most trusted and widely used providers of cloud-based event management technology, have announced a merger effective today. Lanyon’s owner, Vista Equity Partners, recently completed a previously announced $1.65 billion acquisition of Cvent, which paved the way for this merger. Prior to the acquisition, Cvent had been a publicly traded company.
“We are thrilled to welcome Cvent to our portfolio of high-performing software companies,” said Brian Sheth, co-founder and President of Vista. “With the leadership of Cvent’s highly-successful management team, working with our experienced Lanyon team, we are bullish on our ability to seize the green field opportunity ahead and remain the market leader in this segment.”
Cvent and Lanyon will now operate as a privately held company under the Cvent brand, with Cvent Founder and CEO Reggie Aggarwal as CEO of the newly combined company. Lanyon CEO David Bonnette will assist with the transition process. The new company will be based in Cvent’s headquarters of Tyson’s Corner, Virginia. However, the company will continue to maintain a significant presence in Dallas, Texas, where Lanyon was previously headquartered.
“We celebrate two new milestones today as we formally join the Vista family and merge with our highly-regarded peer, Lanyon,” said Reggie Aggarwal, founder and CEO of Cvent. “Combined under the Cvent umbrella, and with Vista’s powerful backing, we will draw on our decades of experience to push the boundaries of event technology innovation and remain focused on delivering outstanding technology, capabilities and service to the events industry.”
Together, Cvent and Lanyon have an estimated 28,000 customers across 100 countries. Over two decades, their cloud-based software solutions have been the backbone of more than 2 million events. With services ranging from mobile event apps, online event check-in and registration, venue sourcing, email marketing and more, Cvent and Lanyon offer powerful, all-encompassing solutions for meeting planners.
