Cvent Celebrates Record-Setting Sales in 2009

Despite the meetings industry downturn, Web-based meetings management software provider Cvent posted a record-setting 33 percent year-over-year sales increase in 2009, making it the company's highest-grossing year ever, it announced last week.

"Cvent went into 2009 cautiously, but confident in our mission: to grow sales in the face of the recession," Cvent Co-Founder and Executive Vice President of Sales and Marketing Chuck Ghoorah said in a statement. "Not only did we grow sales, but we had a record-setting year."

Last year, despite the economic downturn, Cvent signed more than 3,500 new clients, including companies such as the Prudential Insurance Company of America, Georgetown University, the United States Olympic Committee and JetBlue Airlines.

"While 2009 was a tough year economically, Cvent is no stranger to challenging times," Ghoorah continued. "We started from the lessons we learned during the ensuing dot com meltdown. No matter what the economic climate, we listen to customer wants and deliver a product with great value—something that is worth investing in even when budgets are extremely tight. Since learning these lessons in our formative years, we have exceeded our goals every year. We're thankful to all of our partners and clients who have helped us grow into the industry leader."