event technology
Cvent To Be Acquired By Blackstone in $4.6 Billion Transaction
Cvent | March 14, 2023
Purchase Price of $8.50 Per Share Represents a 52% Premium Over 90-day VWAP of Unaffected Share Price Tysons, Va. – March 14, 2023 – Cvent Holding Corp. (“Cvent”) (Nasdaq: CVT), an industry-leading meetings, events and hospitality technology provider, today announced that it has entered into a definitive agreement to be acquired by an affiliate of private equity funds managed by Blackstone (“Blackstone”) in a transaction valued at an enterprise value of approximately $4.6 billion. Under the terms of the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52 percent to the volume weigh...
Mills James Provides Hospitality AV Services to 22 Full-Service Resorts in Mexico
Mills James | July 5, 2022
Properties across Cancun, Riviera Maya, Los Cabos, Puerto Vallarta, and Mexico City are leveraging the award-winning audiovisual provider for live conventions and destination weddings. COLUMBUS, OHIO — July 5, 2022 — Since 1995, Mills James has been delivering on-site AV services for boutique conference centers and high-end hotels across the United States. Today, its Hospitality Audiovisual Services Department is providing the same services to 22 resorts in Mexico. Salvador Bernal, Mills James Vice President of Hospitality, Mexico, will lead the operation from the company’s office in Cancun. “Mexico’s meeting industry is seein...
Le Meridien Hotel Boosting Its Bottom Line and Personalizing Service With AVaStar
AVaStar | November 12, 2019
By self-operating its audiovisual/event technology services via the AVaStar program, this Chicago hotel is seeing an almost 40% year-over-year improvement in profitability in less than six months [Gaithersburg, Md.—November 12, 2019]— AVaStar, the hospitality industry’s first subscription support program for audiovisual/event technology services, is driving profitability for Le Meridien Chicago Oakbrook Center. The contemporary hotel, featuring approximately 4,000 square feet of event space, has taken control of its destiny and relationship with customers. A few months ago, management began looking for a solution that would increase re...
You’ve Chosen to Self-Manage AV: Now What Happens If You Don’t Own ALL the Equipment Meeting Planners Are Asking For?
Eric Bracht | March 28, 2019
20 questions to ask when negotiating with an outside AV services provider – or there's AVaStar By Eric Bracht You've got a newly built or recently remodeled hotel, and you've made the decision to self-manage the AV services process. Bill, your hotel's banquet manager, was chosen to be responsible for the hotel's built-in and portable AV equipment. To help Bill, you've invested in AVaStar, a managed-services solution that provides step-by-step guidance to manage every aspect of the AV services process. Bill plans and details all meeting technology needs, including ensuring that portable and built in equipment is working and ready f...
How Hoteliers Can Be Responsible With the Owners’ AV Technology Investment
Eric Bracht | February 14, 2019
10 steps to maximizing ROI from an owners' investment in audio/visual equipment, sound systems and amplification, background music systems, lighting and dimming systems, digital signage and more By Eric Bracht It's been a decade since the hospitality industry emerged from the depths of the economic recession. It took some time, but today hoteliers are experiencing a strong U.S. economy coupled with one of the lowest unemployment rates in history. According to the Deloitte 2019 US Travel and Hospitality Outlook, "unprecedented growth, driven by a robust economy, rising global consumer purchasing power, and digital innovation, however, co...
CEO of iVvy Lauren Hall Talks Groups and Event Technology and Making the RFP a Thing of the Past
iVvy | October 16, 2018
The events and meeting segment of the hospitality industry has come a long way in the last few years. With the rapid progression and disruption of mobile and consumer-centric technology changing the way in which hotels approach their business, the rise of group booking technology appears to be the last piece of the puzzle to fall into place. And if there is anyone who knows a thing (or many) about the long-awaited revolution of the events booking process, it's Lauren Hall, the CEO of iVvy. Hall began her journey into entrepreneurship with a background in programming, accounting, marketing and business management with expertise spanning ...
While ‘Celebrating the Past and Charting the Future’ Don’t Overlook Event Technologies as a CapEx Investment
Jeff Loether | October 10, 2018
By Jeff Loether This week in Miami, the International Society of Hospitality Consultants is celebrating its 30th Anniversary. Three decades ago, this association was founded by 19 members; today it's a society of 229 members in 29 countries. The theme of the 30th Anniversary event is is "Celebrating the Past, Charting the Future." As someone who has worked in the event technology field for nearly 40 years (from concept through design, to construction, commissioning, and operations), I have spent my career consulting with hoteliers and conference center operators to better manage their AV technologies. This year's Annual Conference theme...
Electro-Media Design Unveils AVaStar at HITEC
AVaStar | June 19, 2018
Designed to complement the services delivered by outsourced third-party providers, AVaStar enhances and improves self-managed AV processes and makes the IT department profitable again Visit Booth #1019 at HITEC, June 18 to 21, at the George R. Brown Convention Center in Houston [Houston—June 19, 2018]—Today at HITEC, Electro-Media Design is introducing a new solution for venue operators that will make the self-managing of AV Technologies an asset, rather than a liability. Called AVaStar, the patent-pending solution is designed for in-house hotel staff who find themselves tasked with managing event technology processes and co...
