Cvent acquires online sourcing platform Reposite to boost vendor offerings

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Cvent has acquired AI-powered online vendor and supplier sourcing platform Reposite, in a deal that will extend Cvent’s sourcing offerings across 10 event-related categories.

The acquisition bolsters Cvent’s vendor sourcing database with more than 35,000 vendor offerings including transportation, restaurants, entertainment, staffing, gifting and more.

In addition, Reposite’s technology will help to grow and expand the Cvent Vendor Marketplace, which offers users a curated network of vendors to support in-person, virtual and hybrid event requirements.

“Cvent has been a driving force for the meetings and events industry and a long-time inspiration for our business,” said Alexa Berube, co-founder of Reposite.

“Since founding Reposite in 2020, our aim has always been to create a platform that fuels supplier discovery and seamlessly connects event and travel professionals to the critical vendors they need to deliver successful events.”

Reposite co-founder Heather Stupi said the acquisition marks an exciting new chapter for the Reposite team.

“We’re excited to join an industry leader who shares our passion for connecting the meetings and events ecosystem and powering the human connection through in-person events,” Stupi said.

Cvent CEO Reggie Aggarwal said Reposite is “a perfect complement” to its own hotel and venue sourcing platform.

“Alexa and Heather have built an impressive vendor sourcing solution in a very short amount of time, and we’re excited to bring their talented team and innovative technology to Cvent,” he said.