The Blackstone Group, an American alternative investment management company, completed the acquisition of Cvent, a meetings, events and hospitality technology provider, from Vista Equity, a private equity firm, for $4.6bn. "We are excited to share this announcement and look forward to our next chapter alongside the Blackstone team. As one of the world’s largest private equity firms, Blackstone brings deep expertise in the event and hospitality industry, and with their backing, we plan to continue to invest in our business and deliver the innovative solutions that meet our customers’ needs and power the meetings and events ecosystem," Reggie Aggarwal, Cvent Founder and CEO.