Meetings technology platform Cvent has seen revenue exceed projections in the second quarter - thanks to a “quick” return of in-person meetings following the Covid-19 crisis. Cvent announced second-quarter revenue of $161 million, a quarterly record for the company and an increase of 31.1 per cent from the second quarter of 2021.
Meetings technology firm Cvent has closed a new US$500 million, five-year senior secured revolving credit facility that will help it "pursue strategic opportunities to expand its market leadership position and deepen its platform capabilities", the company announced Tuesday.
Cvent, a market-leading meetings, events and hospitality technology provider, closed a new $500 million, five-year senior secured revolving credit facility through a syndicate of banks led by PNC Bank, with Cvent, Inc., a wholly-owned subsidiary of the Company, as borrower. This new facility, entered into on May 27, 2022, replaces the Company’s.
Tysons events firm Cvent logs wider quarterly loss, expects more in-person gatherings bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.