Weeks earlier than Cvent introduced its new Studio answer, the conferences administration firm acquired an occasion manufacturing software program firm referred to as Shoflo to assist develop the video and manufacturing providing, unveiled finally week’s Cvent Join convention in Las Vegas, BTN has realized.
The corporate acquired Shoflo in late April or early Could and introduced its founder and CEO, Stephen Bowles on board, together with a “comparatively small workforce of lower than 20 contractors and staff,” in response to an individual aware of the transaction.
Each firms had been constructing a device for customers to simply create broadcast-quality productions for occasions and determined to work collectively, mentioned the supply.
Cvent would not touch upon the acquisition, and no particulars had been obtainable in regards to the monetary phrases of the deal. Shoflo was privately held. Cvent presently is privately held however plans to go public later this yr through a merger with a particular function acquisition firm.
Cvent Launches Video and Manufacturing Resolution for Digital Occasions
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