Company Recognized as a Pioneer in Cloud Computing

NEW YORK and MCLEAN, VA – Cvent, the world's largest provider of web survey, online event management, and meeting site selection solutions, today announced it was selected as a 2011 OnDemand Top 100 Private Company by AlwaysOn. The OnDemand 100, chosen from nearly 1,000 applicants, represent the top private on-demand and software-as-a-service (SaaS) companies that are shaking up the industry with game-changing cloud computing solutions.

The AlwaysOn editorial team, along with partners at Morgan Stanley, SAP, KPMG, Hewlett-Packard, Silicon Valley Bank and other industry experts around the world, scoured entrepreneurial companies to identify the top players disrupting the status quo with pioneering cloud computing and SaaS solutions. Cvent was selected as a winner in the business management applications category following an in-depth evaluation based on five criteria: innovation, market potential, commercialization, stakeholder value and media buzz.

"Cvent's inclusion on the OnDemand 100 list is a direct reflection of our sharp focus on innovation and commitment to fostering a forward-thinking culture," said Chuck Ghoorah, Cvent Co-Founder and Executive Vice President of Sales and Marketing. "We are honored to be recognized as a leader in the cloud computing market, and continue to invest where it matters most: in our people and our technology, so we can deliver the advanced solutions our customers need to effectively manage their meetings, events and web survey programs."

Built from the ground-up by a dedicated team of entrepreneurs and technologists, Cvent's web-based software has 150,000 users worldwide. Cvent's technology brings all elements of event management and web surveys under one roof, so users can rein in spending and focus valuable time on strategic initiatives rather than logistics and administrative tasks.

"As the digital information created by businesses continues to explode at astronomical rates, the need to store, manage, socialize, and share this information is becoming extremely challenging," says Tony Perkins, founder and editor of AlwaysOn. "By providing innovative technologies that help enterprises better compete in this new era of information complexity and move their data out into the cloud, the OnDemand 100 represent some of the highest-growth opportunities in the private company marketplace."

Cvent and the other OnDemand Top 100 winners will be honored at the OnDemand 2011 event, set to take place March 28-30, 2011, at HP Worldwide Headquarters in Palo Alto, Calif.