Department of Justice Clears Sale of Cvent to Vista Equity Partners
18 11월 2016 - 9:00PM
Business Wire
Cvent Inc. ( NYSE: CVT) (“Cvent”), a leading cloud-based
enterprise event management company, and Vista Equity Partners
(“Vista”), a leading private equity firm focused on software, data
and technology-enabled businesses, today announced that they have
received notification from the U.S. Department of Justice that the
Department of Justice has concluded its investigation into the
proposed acquisition of Cvent by an affiliate of Vista.
Cvent and Vista have agreed that all conditions to the
completion of the merger have now been irrevocably satisfied and
that the merger will be closed on or before November 29, 2016.
About Cvent
Cvent, Inc. (NYSE: CVT) is a leading cloud-based enterprise
event management company, with approximately 16,000 customers and
2,000 employees 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 Cvent.com,
or connect with us on Facebook, Twitter or LinkedIn.
About Vista
Vista, a U.S.-based private equity firm with offices in Austin,
Chicago and San Francisco, with more than $20 billion in cumulative
capital commitments, currently invests in software, data and
technology-based organizations led by world-class management teams
with long-term perspective. Vista is a value-added investor,
contributing professional expertise and multi-level support towards
companies realizing their full potential. Vista’s investment
approach is anchored by a sizable long-term capital base,
experience in structuring technology-oriented transactions, and
proven management techniques that yield flexibility and opportunity
in private equity investing. For more information, please visit
www.vistaequitypartners.com.
Forward-Looking Statements
This press release, and the documents to which Cvent refers you
in this communication, contains not only historical information,
but also forward-looking statements made pursuant to the
safe-harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements represent Cvent’s
expectations or beliefs concerning future events, including the
timing of the transaction and other information relating to the
transaction. Forward-looking statements include information
concerning possible or assumed future results of operations of
Cvent, the expected completion and timing of the transaction and
other information relating to the transaction. Without limiting the
foregoing, the words “believes,” “anticipates,” “plans,” “expects,”
“intends,” “forecasts,” “should,” “estimates,” “contemplate,”
“future,” “goal,” “potential,” “predict,” “project,” “projection,”
“may,” “will,” “could,” “should,” “would,” “assuming” and similar
expressions are intended to identify forward-looking statements.
You should read statements that contain these words carefully. They
discuss Cvent’s future expectations or state other forward-looking
information and may involve known and unknown risks over which
Cvent has no control. Those risks include, (i) the risk that the
transaction may not be completed in a timely manner or at all,
which may adversely affect Cvent’s business and the price of the
common stock of Cvent, (ii) the failure to satisfy of the
conditions to the consummation of the transaction, (iii) the
occurrence of any event, change or other circumstance that could
give rise to the termination of the merger agreement, (iv) the
effect of the announcement or pendency of the transaction on
Cvent’s business relationships, operating results and business
generally, (v) risks that the proposed transaction disrupts current
plans and operations and the potential difficulties in employee
retention as a result of the transaction, (vi) risks related to
diverting management’s attention from Cvent’s ongoing business
operations and (vii) the outcome of any legal proceedings that may
be instituted against us related to the merger agreement or the
transaction. Forward-looking statements speak only as of the date
of this communication or the date of any document incorporated by
reference in this document. Except as required by applicable law or
regulation, Cvent does not undertake to update these
forward-looking statements to reflect future events or
circumstances.
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version on businesswire.com: http://www.businesswire.com/news/home/20161118005148/en/
Cvent, Inc.Nevin Reilly, 212-446-1893nreilly@sloanepr.com
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