Cvent Inc has agreed to acquire QuickMobile Inc, a Vancouver-based developer of mobile event apps. No financial terms were released for the deal, which is expected to close this month. Cvent, a U.S. cloud-based enterprise event management company, said the buy will broaden and deepen its mobile app and onsite solution capabilities and expand its reach. Founded in 2006, QuickMobile has been backed by BDC Capital, TIMIA Capital Corp, VA Angels and Vancity Capital Corp. Tysons Corner, Virginia-based Cvent was taken private in 2016 by U.S. private equity firm Vista Equity Partners for US$1.65 billion.
Cvent to Acquire QuickMobile to Broaden Its Mobile Event App Capabilities
Acquisition will expand Cvent’s industry leading portfolio of mobile event technologies to enhance the attendee experience, generate meaningful sponsorship opportunities, and drive increased event ROI.
May 01, 2018
TYSONS CORNER, Va.–(BUSINESS WIRE)–Cvent, Inc., a market leader in meetings, events, and hospitality technology, today announced its intent to acquire QuickMobile, a pioneer of mobile event apps, based in Vancouver, British Columbia. The acquisition of QuickMobile, with its 100 employees, will broaden and deepen Cvent’s already world-class mobile event app and onsite solution capabilities and help the company extend its reach in the marketplace through QuickMobile’s extensive partner network. The acquisition is expected to close before the end of May 2018.
Mobile event apps are an integral part of the live event experience, facilitating – and capturing – engagement that leads to higher event ROI. By acquiring QuickMobile, Cvent is deepening its commitment to the critically important attendee onsite experience and further broadening its market-leading capabilities.
QuickMobile and Cvent will support the mobile app needs of events of all sizes – including the most complex events hosted by the largest brands in the world.
Together, the combined entity:
Serves more than 25,500 customers, including 80% of the Fortune 100
Has delivered 16.7 million app downloads
Is committed to driving innovation in mobile event apps and event technology with nearly 1,100 research and development resources
Offers over 950 product support professionals to ensure customer success
“Cvent and QuickMobile are innovators in the mobile event apps space and share a passion for enhancing our customers’ live events through mobile apps that deliver engaging experiences,” said David Smith, CEO of QuickMobile. “We couldn’t envision a better fit for QuickMobile than joining the team at Cvent, a market leader with global reach and scale. We have a shared commitment to develop employees, drive innovation, and deliver exceptional value for our customers.”
“We are extremely excited to add QuickMobile to the Cvent family,” said Reggie Aggarwal, founder and CEO of Cvent. “QuickMobile’s track record of innovation, strong customer relationships, and winning culture fit perfectly with Cvent. We will be laser-focused on continuing to deliver value for QuickMobile customers and look forward to adding the best of QuickMobile’s capabilities and expertise to the Cvent Event Cloud platform. We are also thrilled to welcome the talented QuickMobile team to our 3,000+ Cventers worldwide. Together, we will execute on the mission of delivering cutting-edge mobile event applications that transform live events.”
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Cvent, Inc. is a leading cloud-based enterprise event management company with more than 25,000 customers, 300,000 users, and 3,000 employees worldwide. Cvent offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, email marketing, and web surveys. Cvent provides hoteliers with an integrated platform, enabling properties to increase group business demand through targeted advertising and improve conversion through proprietary demand management and business intelligence solutions. Cvent solutions optimize the entire event management value chain and have enabled clients around the world to manage hundreds of thousands of meetings and events. For more information, please visit Cvent.com, or connect with us on Facebook, Twitter or LinkedIn.
Designed for today’s mobile-savvy attendee, QuickMobile’s mobile app and analytics platform creates meaningful and lasting experiences. QuickMobile helps its customers deliver personalized, productive and fully-integrated events and meetings–across the enterprise and beyond–that captivate and engage attendees. QuickMobile has helped thousands of high-performance organizations around the world transform their meetings and events. QuickMobile’s head office is located in Vancouver, Canada.
Erica Stoltenberg, 703-226-3500 x43229
Photo courtesy of QuickMobile Inc