NEW YORK, April 19, 2016 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cvent Inc. ("CVT" or the "Company") in connection with the proposed acquisition of the Company by private equity firm Vista Equity Partners ("Vista"). On April 18, 2016, the Company announced it had reached a definitive agreement for Vista to acquire all outstanding shares of CVT in a transaction valued at approximately $1.65 billion. Under the terms of the agreement, CVT shareholders will receive $36.00 in cash for each CVT share they own.

WeissLaw is investigating whether CVT's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $43.00 per share, or $7.00 above the offer price. Additionally, the Company's shares traded above the offer price as recently as December 8, 2015 when CVT shares sold for $37.25. Further, CVT recently announced positive financial results for fiscal year 2015. It reported revenue of $187.7 million, representing an increase of 32% year-over-year. Finally, in its forward looking statements, the Company reported that it expected revenue in the first quarter of 2016 to be in the range of $51- $51.5 million, representing growth of 24%- 25% year-over-year.

Given these facts, WeissLaw is investigating whether CVT's Board acted in the best interests of CVT's public shareholders to maximize shareholder value prior to entering into the agreement. If you own CVT shares and would like more information about your right or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP