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# Cvent acquires Reposite
- URL: https://capitolcommunicator.com/cvent-acquires-reposite/
- Published: 2024-06-11T21:43:58.000Z
- Updated: 2024-06-11T21:43:58.000Z
- Author: Capitol Communicator
- Tags: Acquisitions, #Import 2026-10-08 18:54

[Cvent](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Futm.io%2Fug1y9&esheet=54040780&newsitemid=20240610546564&lan=en-US&anchor=Cvent&index=1&md5=f489623db83ca46f46aa52f825c178e7&ref=capitolcommunicator.com), a meetings, events and hospitality technology provider based in Tysons, VA, acquired [Reposite](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.reposite.io%2F&esheet=54040780&newsitemid=20240610546564&lan=en-US&anchor=Reposite&index=2&md5=d00294b6531c325ba67a9e87f9340043&ref=capitolcommunicator.com), an AI-powered online vendor and supplier sourcing platform based in NYC. Reposite, states a release, streamlines the meetings and event planning process with its curated database of more than 35,000 group-friendly offerings, robust request for proposal (RFP) creation tools, and AI-powered quote matching solutions. Thousands of event professionals and leading third-party planners rely on Reposite for their vendor sourcing needs.

According to the release: “As a long-time leader in hotel and venue sourcing, Cvent – through its acquisition of Reposite – further enhances its vendor and supplier sourcing offerings, enabling event professionals and third-party planners with:

- **Broadened Supplier Discovery and Coordination:** More than $16B was sourced through Cvent’s hotel and venue sourcing solutions in 2023\. Building on this multi-billion-dollar marketplace, Reposite will extend Cvent’s sourcing offerings with a diverse inventory of vendors across ten unique event-related categories including transportation, restaurants, entertainment, staffing, gifting, and more. In addition, Reposite’s technology will help to grow and expand the [Cvent Vendor Marketplace](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Futm.io%2Fug1za&esheet=54040780&newsitemid=20240610546564&lan=en-US&anchor=Cvent+Vendor+Marketplace&index=3&md5=9949e8b4ace0d54a86be53b40502e833&ref=capitolcommunicator.com), which offers users a curated network of vendors to support in-person, virtual and hybrid event requirements.
- **AI-Powered Supplier and Vendor Matching:** Reposite’s AI Matching technology pairs planner RFPs with the best-fit suppliers based on geography, group size, event dates, target audience, and other user preferences. This innovative matching solution removes the manual effort typically required to source and finetune a curated vendor list.
- **Streamlined End-to-End Group and Event Planning:** Reposite is purpose-built to power the entire vendor sourcing process – from searching suppliers and generating RFPs, to quote management, customized proposal creation and payments – all within a centralized, easy-to-use workspace. This platform approach streamlines communication and improves efficiency for both event professionals and vendors, ultimately helping deliver greater ROI.”