August 8, 2018, FREDERICTON (GNB) – Cvent, a meetings, events and hospitality management technology provider, will expand its operations in Fredericton and create up to 25 new jobs within the next three years with support from the provincial government.
“Strategic investments in cutting-edge companies like Cvent are driving economic growth in New Brunswick,” said deputy premier Stephen Horsman. “Cvent is offering the types of jobs that young New Brunswickers are going to want to pursue. This is more evidence that our economic growth plan is working and that we are getting things done on behalf of this province’s working families.”
“Cvent has continued to steadily grow from a small startup in 1999, to a globally recognized software leader with more than 3,200 employees across 17 offices worldwide,” said founder and CEO Reggie Aggarwal. “While our growth has been rapid, our winning culture – and our unwavering focus on our employees – has remained core to what we do. We continue to invest heavily in our regional offices like Fredericton to ensure we remain competitive in the marketplace. We encourage everyone who wants to be part of an incredibly dynamic, fast-growing technology company to apply and join our team.”
Cvent uses integrated technology solutions to help event professionals and marketers organize their events, engage audiences and measure and analyze results. The company also offers digital marketing tools and software solutions to help people in the hospitality industry.
To support its expansion, the company will move its Fredericton operations to a new 1,400-square metre office downtown this November.
Cvent is eligible for an investment of $385,000 from Opportunities NB, which is a Crown corporation that seeks to attract and support opportunities to grow the economy and create jobs. It provides support services for businesses across the province.
The investment comes in the form of payroll rebates, which are performance-based and only given to a company once it has created and maintained the jobs for at least one year and provided proof of salary levels and employment.
It is estimated that creating up to 25 jobs would contribute $6.75 million to the province’s GDP over three years and generate $507,500 in provincial taxes over that same period.
Cvent employs more than 90 New Brunswickers, most of whom work at the company’s offices in Fredericton’s Knowledge Park.