Last week was momentous for Cvent, Inc. and Lanyon Solutions, Inc., two industry leading cloud-based enterprise event management technology solutions, as they announced the completion of their merger. While the companies have met an important milestone in legally and financially merging under Vista Equity Partners, the work of combining their business operations and respective products appears to be just beginning. The announcement cited Cvent’s founder and CEO Reggie Aggarwal has been named the CEO of the new combined company that will operate under the Cvent brand.
“As an early adopter and long-time Cvent customer, we are optimistic the resulting Cvent will continue to be an innovator of cutting-edge event management technology solutions that propel our industry forward,” said Tina Madden, CFO and Partner of Meetings & Incentives Worldwide. M&IW has supported our clients with expertise in both Cvent and Lanyon platforms throughout the entire event lifecycle. We are proud to be two-time winners of the Cvent Planner Awards for Savvy Sourcing and Power of the Platform as well as a 2016 finalist. Additionally, we have employees that are Cvent Certified that will leverage their knowledge to take advantage of new functionality and enhancements.
Over the past two decades, Lanyon and Cvent have delivered some of the most innovative and successful technology solutions including event management, strategic meetings management, sourcing solutions, room block management, and mobile and onsite solutions. Combined, the companies have more than 800 technology professionals and 700 customer-facing support staff. “Our employees have been the DNA of our success and we’re excited to add the talent, experience, and the products of the Lanyon team,” said Reggie Aggarwal. As the undisputed market leader with approximately 28,000 customers in 100 countries, the new Cvent will continue to drive technology innovation while providing customers with world-class levels of support for all Cvent and Lanyon solutions.
At the same time, we also recognize that this news may be met with initial apprehension or uncertainty about the impacts of the merger on your business, whether you are a Cvent or Lanyon customer. At our annual M&IW Client Summit in September, Lisa Palmeri, Vice President of Global Enterprise Solutions, announced our plan to offer more comprehensive Strategic Meetings Management (SMM) and Cvent Technology consulting services beginning the first quarter of 2017. The current offering is being expanded with additional resources and expertise to provide a wide array of support. If you are considering a new Cvent implementation, a transition from Lanyon or another product to Cvent, or you want to optimize your use of meeting management technology solutions, sign up to receive a complimentary one-hour SMMart Action project assessment.
“M&IW is committed to embracing the latest industry technology solutions and remaining at the forefront of thought leadership in this exciting area of our business. As we learn more about the details of the Cvent/Lanyon merger, we will share our observations and perspectives with you,” said Lisa Palmeri.