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Cvent mergers with Lanyon Solution

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Cloud based event management firm Cvent has merged with Lanyon Solution in a US$1.65 billion deal.

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Billion dollar plus deal between Cvent and Lanyon

cventThe combined company will be privately held by Vista Equity Partners, owner of Lanyon, and operate under the Cvent brand.

Reggie Aggarwal, Cvent’s founder and CEO, has been named the CEO of the new combined company. David Bonnette, CEO of Lanyon, will work with the management team through the transition to a single company.

“We celebrate two new milestones today as we formally join the Vista family and merge with our highly-regarded peer, Lanyon,” said Aggarwal.

“Combined under the Cvent umbrella, and with Vista’s powerful backing, we will draw on our decades of experience to push the boundaries of event technology innovation and remain focused on delivering outstanding technology, capabilities and service to the events industry.”

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  • Published: 10 months ago on December 2, 2016
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  • Last Modified: December 2, 2016 @ 1:40 pm
  • Filed Under: International News

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