Freshly acquired Cvent has announced it is merging with fellow events platform and hotel IT provider Lanyon.
Cvent was acquired by Vista Equity Partners for $1.65 billion in April this year – a deal that closed this week.
US-based Lanyon and Cvent are effectively the same company under the Cvent brand with immediate effect, with operations gradually combining over the course of the next 12 months.
Cvent CEO Reggie Aggarwal will become CEO of the merged entity and Lanyon chief David Bonnette will continue for a period to oversee the transition.
Both companies will retain their existing headquarters in Texas and Virginia.
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