Market Overview

Cvent Fredericton Announces Accelerated Expansion Plans with Support from Opportunities New Brunswick

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Cvent,
Inc.
, a market leader in meetings, events, and hospitality
technology, today announced plans to expand their Fredericton office and
accelerate their headcount growth with support from Opportunities New
Brunswick (ONB). The $385,000 investment, in the form of payroll
support, will help to create 25 full-time positions in the region over
the course of 3 years and highlights Cvent's dedication to growing its
presence in this region. The two parties made the announcement at a
joint press conference this morning in Fredericton.

"When we first opened our Fredericton location in 2014, there were five
people in the office. Now, less than four years later, we have nearly
100. This immense expansion is due in large part to the incredible local
talent that the New Brunswick area offers," said Pradeep Mannakkara,
Senior Vice President and Chief Information Officer at Cvent, who was on
hand to make the announcement. "With the generous support from
Opportunities New Brunswick, we are able to accelerate this growth even
further and continue to attract and retain top talent. As a global
leader in the industry, we are dedicated to creating innovative products
that help us transform the meeting and events industry – and we are
looking forward to leveraging our resources in New Brunswick as we
continue to innovate globally."

"Strategic investments in cutting-edge companies like Cvent are driving
economic growth in New Brunswick," said deputy premier Stephen Horsman.
"Cvent is offering the types of jobs that young New Brunswickers are
going to want to pursue. This is more evidence that our economic growth
plan is working and that we are getting things done on behalf of this
province's working families."

To support the expanded headcount, Cvent will move the Fredericton team
to a state-of-the-art 15,000 sq. ft. fully renovated office this
November, located in the heart of downtown.

"Cvent has continued to steadily grow from a small startup in 1999, to a
globally recognized software leader with more than 3,200 employees
across 17 offices worldwide," said Founder and CEO Reggie Aggarwal.
"While our growth has been rapid, our winning culture – and our
unwavering focus on our employees – has remained core to what we do. We
continue to invest heavily in our regional offices like Fredericton to
ensure we can innovate at a rapid pace. We encourage everyone who wants
to be part of an incredibly dynamic, fast-growing technology company to
apply and join our team."

For more information and a list of open positions, visit www.cvent.com/careers.
Follow the hashtag #CventNation on Twitter and Instagram for an
insider's look into the employee experience.

About Cvent

Cvent, Inc. is a leading meetings, events, and hospitality management
technology provider with more than 3,200 employees, 25,000 customers,
and 300,000 users worldwide. The Cvent Event Cloud offers software
solutions to event planners for online event registration, venue
selection, event management, mobile apps for events, email marketing,
and web surveys. The Cvent Hospitality Cloud partners with hotels and
venues to help them drive group and corporate travel business. Hotels
use the Cvent Hospitality Cloud's digital marketing tools and software
solutions to win business through Cvent's sourcing platforms and to
service their customers directly, efficiently and profitably – helping
them grow and own their business. Cvent solutions optimize the entire
event management value chain and have enabled clients around the world
to manage hundreds of thousands of meetings and events. For more
information, please visit Cvent.com, or
connect with us on FacebookTwitter or LinkedIn.

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