M&A Deal Summary

Cvent Acquires Lanyon

On November 29, 2016, Cvent acquired software company Lanyon from Vista Equity Partners

Acquisition Highlights
  • This is Cvent’s 3rd transaction in the Software sector.
  • This is Cvent’s 6th transaction in the United States.
  • This is Cvent’s 2nd transaction in Texas.

M&A Deal Summary

Date 2016-11-29
Target Lanyon
Sector Software
Buyer(s) Cvent
Sellers(s) Vista Equity Partners
Deal Type Merger

Target

Lanyon

Irving, Texas, United States
Lanyon is a provider of content and spend management solutions to the travel, transportation and hospitality industries.

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Buyer(S) 1

Buyer

Cvent

Tysons, Virginia, United States

Category Company
Founded 1999
Sector Internet Software and Services
Revenue 519M USD (2021)
DESCRIPTION
Cvent's corporate headquarters in Tysons, Virginia.
Cvent's corporate headquarters in Tysons, Virginia.

Cvent is a meeting, events, and hospitality technology provider that delivers a comprehensive event marketing and management platform and offers a global marketplace where event professionals collaborate with venues to create engaging impactful experiences. The Company's suite of products automates and simplifies the event management lifecycle and maximizes the impact of in-person, virtual, and hybrid events. Hotels and venues use Cvent’s supplier and venue solutions to win more group and corporate travel business through Cvent’s sourcing platforms. Its solutions optimize the event management value chain and have enabled clients around the world to manage millions of meetings and events. Cvent was formed in 1999 and is based in Tysons, Virginia.


DEAL STATS #
Overall 6 of 15
Sector (Software) 3 of 4
Type (Merger) 1 of 1
State (Texas) 2 of 2
Country (United States) 6 of 14
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 CrowdTorch

Austin, Texas, United States

CrowdTorch is a mobile applications primarily for consumer events, such as festivals, concerts and sporting events.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Kapow Events

Chicago, Illinois, United States

Kapow Events, Inc. is an online platform that allows companies to find and instantly book unique venues and curated experiences via a credit card. Kapow offers more than 10,000 special event venues and experiences that can be booked directly through Kapow’s website.

Buy -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 29 of 70
Sector (Software) 13 of 28
Type (Merger) 1 of 4
State (Texas) 5 of 13
Country (United States) 26 of 65
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Infoblox

Santa Clara, California, United States

Infoblox is a provider of critical network services that protect the Domain Name System (DNS) infrastructure, automate cloud deployments, and increase the reliability of enterprise and service provider networks around the world. Infoblox was founded in 1999 and is based in Santa Clara, California.

Buy $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-07 CentralSquare

Lake Mary, Florida, United States

CentralSquare is a provider of technology platform solutions for public safety, including 911, computer-aided dispatch, records management, mobile, citations, evidence management, and corrections. For public administration agencies, CentralSquare provides software for finance, human capital management, payroll, utility billing, citizen engagement, asset management, regulatory compliance, and community development. CentralSquare is based in Lake Mary, Florida.

Buy -