BlackStone acquires Cvent’s share of Vista in a $ 1.3 billion deal

Blackstone acquired the remaining CVET category from Vista Equity Partners for $ 1.3 billion, as reported BloombergQuoted from sources.

The complete Vista exit from Cvent, a Virginia -based software company.

Vista kept this share after BlackStone acquired $ 4.6 billion in CVET in 2023.

Representatives of both Vista and Bactestone refused to comment on the deal.

The CVENT platform provides software tools designed for events and marketers, enabling online registration, place sources, marketing and managing events, virtual and imposed events solutions, and attendance interaction.

Founded in 1999, CVENT had more than 5,000 employees and more than 24,000 clients all over the world from December 31, 2024.

Vista initially invested in Cvent in 2016, and the company’s purchase for about $ 1.7 billion.

Throughout its ownership, Cvent moved to the challenges of the epidemic, which strongly affected the events and hospitality sector.

The company has since recovered, with an increase in events and the adoption of hybrid, personal and virtual conferences.

Vista had previously entered part of its ownership to Clats from Blackstone by investing in non -fair stocks.

This acquisition is the last second event to clarify Vista, which recently raised $ 5.6 billion to maintain its ownership of the Cloud Software Group.

Investors in the VISTA fifth acquisition fund received complications on the investor capital if they choose the money.

In May, Vista He agreed to acquire Acumatica, provider of cloud resources planning solutions (ERP) for small and medium -sized companies.

The deal is estimated at about $ 2 billion, including debt.

Acumatica supports mid -market organizations by automating important operations such as financial management, salary statements, and customer relationship management.

The original cloud platform provides an artificial intelligence vision across companies, with special functions in the industry designed for sectors such as manufacturing, distribution, construction, retail and professional services.

“BlackStone gets a CVent share of Vista in a $ 1.3 billion deal” originally created and published by RulingThe brand owned by Globaldata.

Information on this site was included in good faith for public media purposes only. It is not intended to reach the advice that you should depend on, and we do not provide any representation, guarantee or guarantee, whether it is explicit or implicit in relation to accurately or completing it. You must have a professional or specialized advice before taking any action based on the content on our website.