Events and hospitality technology provider Cvent has acquired mobile event app maker DoubleDutch, including its team. Existing customers will apparently see no disruption in their service with upcoming events.

DoubleDutch had to this point raised nearly $80 million in funding but laid off 25% of staff in 2016 when it struggled toward profitability and another 40% in 2017 including senior management. But in March 2018 it had become cashflow positive and acquired Eventgrid, an events platform used by Adobe, Dropbox, Sony and others.

Read more:

Tagged with →