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Cvent Was Just Bought Out By Vista Equity For A 69% Premium

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Cvent Inc CVT 65.49% announced on Monday it has entered into an agreement in which it will be acquired by affiliates of Vista Equity Partners, a private equity firm that focuses on investments in software, data and technology-enabled businesses.

As part of the agreement, Vista will acquire 100 percent of the outstanding shares of Cvent at a price of $36.00 per share, marking a premium of...