Cvent, a renowned provider of technology solutions for meetings, events, and hospitality, has officially acquired Reposite, an online vendor and supplier sourcing platform powered by AI. Reposite simplifies the process of planning meetings and events through its extensive database of over 35,000 group-friendly options, advanced request for proposal (RFP) tools, and AI-driven quote matching capabilities. Trusted by numerous event professionals and prominent third-party planners, Reposite enhances Cvent’s existing leadership in hotel and venue sourcing by:
Expanding Supplier Discovery and Management: With over $16 billion sourced through Cvent’s solutions in 2023 alone, Reposite broadens Cvent’s offerings by introducing a diverse array of vendors spanning ten event-related categories such as transportation, dining, entertainment, staffing, and gifts. This addition enriches the Cvent Vendor Marketplace, offering users a curated network of vendors tailored to their in-person, virtual, and hybrid event needs.
Utilizing AI for Supplier Matching: Reposite’s AI Matching technology intelligently matches planner RFPs with the most suitable suppliers based on factors like location, group size, event dates, target audience, and user preferences. This cutting-edge matching system eliminates the manual effort typically associated with sourcing and refining a vendor list.
Streamlining End-to-End Event Planning: Reposite is designed to facilitate every aspect of the vendor sourcing process, from supplier search and RFP generation to quote management, customized proposal creation, and payments, all within a user-friendly interface. This comprehensive platform enhances communication and efficiency for event professionals and vendors alike, ultimately driving greater return on investment.
Alexa Berube, Co-Founder of Reposite, expressed enthusiasm about the acquisition, highlighting Reposite’s commitment to connecting event and travel professionals with essential vendors for successful events since its inception in 2020. Heather Stupi, Co-Founder of Reposite, echoed this sentiment, emphasizing the alignment of Reposite’s mission with Cvent’s vision of fostering connections within the meetings and events industry.
Reggie Aggarwal, CEO & Founder of Cvent, praised Reposite’s rapid growth and innovative technology, emphasizing the strategic fit between Reposite’s platform and Cvent’s existing hotel and venue sourcing solutions. Aggarwal affirmed Cvent’s dedication to creating a global marketplace that unites the meetings and events ecosystem to deliver outstanding experiences.
