Cvent acquires Elite Meetings International
Cvent has acquired hospitality marketing company, Elite Meetings.
Terms were not disclosed, but, in a statement today, Cvent said it expects
“the financial impact of the transaction to be immaterial to revenue in 2015 and to be dilutive to 2015 adjusted EBITDA by approximately $3.5 million.
The acquisition boosts Cvent’s list of meeting planners who are sourcing events, plus greater inventory of hotels, resorts, and venues.