Cvent Attributes 32 Percent Higher Earnings in 2015 to Larger Clients & Deeper Adoption

Cloud-based enterprise event management technology firm Cvent announced $50.9 million in fourth-quarter revenue, a 29.5 percent increase over the same period last year. Full-year revenue reached $187.7 million, a 32 percent rise over 2014. CEO Reggie Aggarwal said the firm’s continuing technology investments enabled “larger new deals” and deeper integration with existing customers. Cvent will add to its sales team in 2016 to expand relationships with enterprise customers.