New York, 14th March: And finally, Cvent which is large meetings, events and hospitality technology provider announced this week that it agreed to be acquired by Blackstone, a private equity firm for approximately US$4.6 billion.

Cvent stockholders will receive $8.50 per share in cash. That represents a 52% premium over Cvent’s recent share price. Cvent has more than 22,000 clients primarily in the corporate, non-profit, higher education and hospitality sectors.