On July 22, Cvent's (NYSE:CVT) shareholders voted and agreed to an acquisition of the company by Vista Equity Partners in an all cash deal for $36 per share.
Cvent is a software company specializing in the event planning/management space within the "cloud." Headquartered in Tysons Corner, Virginia, Cvent also has corporate offices in India, Canada and England. It employs 1,900 workers and generated $187 million in revenue in fiscal 2015.
Acquiring Party
Vista Equity Partners is a US-based private equity firm focused on investing in software and technology-enabled companies. It has a proven track record of successful acquisitions. Some of the recently closed deals include insurance technology provider Solera Holdings Inc. (NYSE:SLH) ($3.8 billion) and engagement marketing software company Marketo Inc. (NASDAQ:MKTO) ($1.8 billion). A list of Vista's portfolio can be seen at Vista's website.
