Today, Cvent announced it was named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing companies in North America. Cvent grew by 276 percent from 2006–2010. Cvent’s five-year compound annual growth rate is 42 percent.
Executive Vice President of Sales and Marketing at Cvent Chuck Ghoorah said, “We set the bar high for ourselves with aggressive growth goals over the past few years, and are honored to be recognized as a Deloitte Fast 500 company. “Companies are increasingly turning to web-based software to help employees do their jobs faster, easier and more cost-efficiently, and adoption of Cvent’s solutions has been steadily on the rise. We will continue to invest in product enhancements, our award-winning client service initiatives and our employees to ensure we maintain our tremendous growth trajectory.”
In the first three quarters of this year, Cvent increased revenue by almost 40 percent and signed with over 2,100 new customers. Cvent now has over 850 employees worldwide.