WTR Fireside Chat with Cvent CEO and Founder Reggie Aggarwal on November 18, 2021 at 1 pm EST



KEY POINTS

We are pleased to host Reggie Aggarwal, CEO and Founder of Cvent on Thursday, November 18, 2021 at 1 pm EST as part of our WTR Fireside Chat Series. We will take a deep dive into Cvent and the events software business. The event is open to all investors.

Register for the event here.

Dragoneer Growth Opportunities Corp. II. is merging with Cvent, a leading meetings, events, and hospitality technology provider.

With 92% of revenue recurring and 79% from subscriptions, Cvent believes it will grow adjusted revenue ~23% in each of the next two years, while keeping the EBITDA margin in the 16.5% to 17.8% range.

Frost & Sullivan estimates the total global spend for meetings and events software will be $29.7 billion this year. Cvent expects 2021 revenue at ~$500 million, implying significant runway to grow.

With 51% of the Fortune 500 companies as customers, enterprises choose Cvent’s offerings for scalability, security, and stability. It sees the integrability of its offerings—such as with marketing technology, customer relationship management (CRM), and associations management software (AMS) from the likes of Salesforce, HubSpot, and Oracle—as a material value proposition and one of the barriers to entry.

Nine of the original eleven members of the management team are still with the company. The team has experience as a public company. For all the 11 quarters the company was public, it beat consensus and raised guidance while growing revenue YoY. Most SPAC targets do not have this level of experience, which allows Cvent to stand out among other deSPAC opportunities. Investors should not underestimate this facet of the Cvent story.

Read our initiation and other reports on Cvent on our website.

COMPANY OVERVIEW

Cvent offers cloud-based, enterprise event marketing and management, and hospitality solutions through its Event Cloud and Hospitality Cloud businesses.

Event Cloud consists of tools that enable event organizers to manage the entire event lifecycle and deliver engagement across multiple events and formats such as in-person, virtual, and hybrid. Event Cloud serves as a system of record for events and engagement data collected across an organization’s Total Event Program, which comprises every internal and external event that an organization hosts or attends. By using Cvent’s platform, organizations can aggregate and analyze attendee engagement across all events they are part of building a clear picture of buyer interest.

Hospitality Cloud offers a marketplace that connects event organizers looking for appropriate event space for their in-person and hybrid events with hoteliers and venue operators through a vertical search engine built on a proprietary database of detailed event space information. In addition, Hospitality Cloud provides marketing and software solutions that hotels and venues leverage to manage and measure their event business to attract valuable leads and grow their businesses and to manage and measure their events business from lead to sale.

The combination of Event Cloud and Hospitality Cloud results in a cohesive platform that generates network effects and attracts more event organizers, and hotels and venues.

ABOUT THE EXECUTIVE
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April Scee

CEO and Founder

Cvent Holding Corp

Reggie Aggarwal is the CEO and Founder of Cvent, a market-leading meetings and event software company. Reggie founded Cvent in 1999 and today the company has more than 4,000 employees and 200,000 users worldwide. Cvent’s event marketing and management platform has powered millions of virtual, in-person, and hybrid events for more than 21,000 organizations, including 80% of the Fortune 100. In the midst of the global pandemic, Cvent has continued to lead the industry forward with its innovative virtual and hybrid event solutions, market insights, and deep commitment to customer success. Cvent was publicly traded on the New York Stock Exchange until going private in 2016.

Early on, Reggie was named a rising star by Forbes Magazine. Since then, he has been named the #1 Business Software CEO by The SaaS Report in their 2019 Top 50 CEO list, Ernst & Young’s Entrepreneur of the Year, and one of the 100 Most Intriguing Entrepreneurs by Goldman Sachs. He was also named the most admired CEO by the Washington Business Journal.

Reggie has been featured in The Wall Street Journal, Forbes, and Business Week, and has been interviewed on CNN, the BBC and several other popular news shows for his insight and expertise on the meetings industry.

Reggie was also recently inducted into the Business Travel Hall of Fame and has consistently been recognized as one of the most influential people in the meetings and events industry.

DISCLOSURES

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