Cvent Inc. (NYSE:CVT) is a Tysons Corner, Virginia-based software company. Cvent specializes in enterprise event management through its use of cloud-based software. Vista Equity Partners made a $36 per share bid for the company on April 18, 2016. This valued CVT at $1.65 billion and was subject to customary regulatory and shareholder approvals. The deal closed on November 28, 2016 and the Fund earned a 4.53% annualized return.
From Mario Gabelli (Trades, Portfolio)'s ABC Fund fourth quarter 2016 commentary.
