Cvent on Track to Grow 40 Percent in 2012

Having made two major acquisitions earlier this summer, making it the world's largest provider of mobile event apps, meetings technology company Cvent is on track to increase its revenue by 40 percent in 2012, it announced last week.

So far this year, the company has launched 56,000 events and signed more than 1,400 new clients, including Toshiba, Deloitte & Touche, the United States Air Force Academy, The Milken Institute and Boston Scientific, to name just a few.

"Cvent continues to invest heavily in growing our business. Our sales growth will fuel hiring for client services and product development," said Cvent Co-Founder Chuck Ghoorah, executive vice president of sales and marketing. "We continue to look at developing new tools for meeting planners to take their meetings and events to the next level."

To handle its rapid growth while also retaining its focus on customer service and innovation, Cvent added 130 net new employees in the first two quarters of 2012 — not including employees hired via acquisitions — and now employs more than 1,000 people.

"The company's strong performance in an uncertain economic climate demonstrates the power of innovation and customer value delivery," reads a company press release.

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