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Cvent's Future Headquarters (logo Placement Is A Rendering) (Photo: Business Wire)

Stocks in this article: CVT

Cvent (NYSE:CVT), a leading cloud-based enterprise event management platform, today announced plans to relocate the company’s headquarters to SAIC’s former global headquarters — the newly renamed “Greensboro Station” — in Tysons Corner, Virginia. The company will benefit from a $1 million grant from the state to support job creation and investment in the property, and plans to add more than 400 additional employees in three years, almost doubling the company’s Virginia-based headcount.

Cvent's future headquarters (logo placement is a rendering) (Photo: Business Wire)

Cvent's future headquarters (logo placement is a rendering) (Photo: Business Wire)

“This move reflects the growth we have experienced in recent years and represents the continued expansion we are driving toward,” said Reggie Aggarwal, Chief Executive Officer of Cvent. “We are increasing our footprint and headcount because we see an incredible opportunity to deliver positive change and innovation in the meetings and events industry.”

“It’s been a pleasure to watch Cvent grow from a two-person startup to a publicly traded company with more than 1,300 employees worldwide,” said Virginia Governor Bob McDonnell. “Virginia is pleased to support Cvent and other companies like it because they are pivotal in bringing growth, prosperity and new jobs to the state.”

The company’s new headquarters will be located at the Greensboro stop of the new Washington Metro Silver Line connecting Tysons Corner directly with downtown Washington, D.C. and Dulles Airport. The building is slated to undergo significant renovation that will add new retail and office space as it becomes a critical transit hub. Cvent worked closely with the Virginia Economic Development Partnership and the Fairfax County Economic Development Authority in developing the lease.

“We’re proud that Cvent is a significant job creator here in Virginia and the greater D.C. metro area,” Aggarwal continued. “Hiring and maintaining top talent are a significant focus for our company. At Cvent we are committed to maintaining an exciting, high-growth organization, with an entrepreneurial, customer-focused culture, that’s a great place to work and build a career.”

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