Cvent, a Tyson, VA-based conferences, occasions, and hospitality expertise supplier, acquired Reposite, a NYC-based AI-powered on-line vendor and provider sourcing platform.
The quantity of the deal was not disclosed.
With the acquisition, Cvent will additional improve its vendor and provider sourcing choices, enabling occasion professionals and third-party planners with:
- Broadened provider discovery and coordination
- AI-powered provider and vendor matching
- Streamlined end-to-end group and occasion planning
Co-founded by Alexa Berube and Heather Stupi, Reposite is a web-based sourcing platform designed to simplify the seller and provider sourcing course of for conferences, occasions and journey professionals. It gives a complete suite of options to streamline the sourcing, reserving and administration of distributors throughout ten distinctive classes together with eating places, transportation, leisure, staffing, actions, and extra. The corporate replaces handbook on-line searches with a curated provider database and AI matching expertise, and enhances productiveness with a centralized workspace to handle and set up vendor communications, quotes, proposals, and funds.
Led by CEO and Founder Reggie Aggarwal, Cvent is a conferences, occasions, and hospitality expertise supplier with 4,800+ staff and ~22,000 prospects worldwide as of December 31, 2023. Based in 1999, the corporate delivers a complete occasion advertising and administration platform and gives a world market the place occasion professionals collaborate with venues to create partaking experiences. The platform gives software program options to occasion organizers and entrepreneurs for on-line occasion registration, venue choice, occasion advertising and administration, digital and onsite options, and attendee engagement. Its suite of merchandise automate and simplify the occasion administration lifecycle and optimize the influence of in-person, digital, and hybrid occasions.
Inns and venues use its provider and venue options to win extra group and company journey enterprise via Cvent’s sourcing platforms.
FinSMEs
10/06/2024
