Vista Equity Partners announced Tuesday it had completed its $1.65 billion acquisition of online event management company Cvent.
As part of the acquisition, which was first announced in April, Cvent’s business operations will merge with Lanyon Solutions Inc., which is owned by Vista Equity Partners.
Reggie Agarwal, Cvent’s founder and CEO, will be CEO of the new company, which will retain the name Cvent. The combined company’s headquarters will be in Tysons with a significant presence in Lanyon’s former headquarters in Dallas. David Bonnette, CEO of Lanyon, will work with the management team through the transition.
