Market Overview

Cvent Announces Global Strategic Alliance with Citi Commercial Cards


Innovative Integration Earns Treasury Today Adam Smith Award

, a market leader in meetings, events and hospitality
technology, today announced a strategic alliance with Citi®, the largest
global issuer of self-owned and managed corporate cards, servicing more
than 100 countries. By leveraging Citi's global network and leadership
in Commercial Cards, this alliance offers Cvent users and Citi clients a
simplified payment path to quickly and easily settle any Meetings &
Events (M&E) expense – with a Citi payment product – all without ever
leaving the Cvent event management platform.

Through this global alliance, Cvent's event management software will
also integrate with Citi's Virtual Card Account functionality to allow
joint clients the ability to request a Citi Virtual Card Number for
payment directly through Cvent's platform. When meetings-related
expenses can be made from the same tool where the expense is sourced,
budgeted, and invoiced, the end-to-end meetings payment process will be
more accurate, ultimately resulting in less time and labor spent
consolidating M&E expenses.

"We are pleased to join forces with a global provider that is equally
committed to delivering a best-in-class solution for their customers,"
said Gonca Latif-Schmitt, Global Head of Citi® Commercial Cards. "We
believe this integration between Citi and Cvent will make the payments
process more efficient for our clients and, will facilitate the use of
our Citi Meeting Card and Virtual Card Accounts as the payment of choice
for all Meetings and Events spend."

The Cvent and Citi integration was recognized with a 2018 Treasury Today
Adam Smith Award. The awards highlight achievement in corporate treasury
and are well-known across the industry.

"By joining our technologies together, we are able to provide both Cvent
and Citi customers a more streamlined approach to online payments," said
Patrick Smith, Chief Marketing Officer at Cvent. "This alliance enables
organizations to manage all of their meetings and events activities,
from planning to payment, in one place. Earning the Adam Smith award
reinforces the strength of our combined solution and validates our
mission to work with enterprises as true strategic business partners."

Citi Treasury and Trade Solutions (TTS) enables our clients' success by
providing an integrated suite of innovative and tailored cash management
and trade finance services to multinational corporations, financial
institutions and public sector organizations across the globe. Based on
the foundation of the industry's largest proprietary network with
banking licenses in over 90 countries and globally integrated technology
platforms, TTS continues to lead the way in offering the industry's most
comprehensive range of digitally enabled treasury, trade and liquidity
management solutions.

About Cvent

Cvent, Inc. is a leading cloud-based enterprise event management company
with more than 3,200 employees, 25,000 customers, and 300,000 users
worldwide. Cvent offers software solutions to event planners for online
event registration, venue selection, event management, mobile apps for
events, email marketing, and web surveys. Cvent provides hoteliers with
an integrated platform, enabling properties to increase group business
demand through targeted advertising and improve conversion through
proprietary demand management and business intelligence solutions. 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, or
connect with us on Facebook,
or LinkedIn.

About Citi

Citi, the leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management. Additional
information may be found at
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