FAIRFAX COUNTY, Va.--(BUSINESS WIRE)--Governor Bob McDonnell today announced that Cvent (NYSE: CVT), a leading event management software firm, will relocate and expand its headquarters operation in Fairfax County. The company will move to “Greensboro Station,” named after the building’s location next to the Greensboro Metro Station on the Silver Line in Tysons Corner. Virginia successfully competed against Maryland for the project, which will create 400 new jobs and retain 451 jobs.
Cvent will lease about 130,000 square feet of office space at 1710 Solutions Drive, once part of the SAIC headquarters campus. Greensboro Station was recently purchased by The Meridian Group, a Washington-area based real estate private equity firm. Cvent also plans to invest $7 million to expand its headquarters.
The Greensboro Metro Station and four other stops on the Silver Line are due to open in the first quarter of 2014. The Cvent move will happen later in 2014.
“We are excited to remain a Tysons-based company as we relocate to a new headquarters that can support our growth,” said Reggie Aggarwal, CEO and founder of Cvent. “We have called this town home for more than a decade because it offers a central location conducive to continued expansion, including access to the right talent, proximity to the region’s expanding tech sector, convenient transportation for our employees, and recreation and entertainment opportunities that make Fairfax County a great place to live and work.”
Cvent is a leading cloud-based event management software platform that offers software solutions to event planners for online event registration, venue selection, event management, mobile apps for events, e-mail marketing and web surveys; and to hotels for targeted advertising to planners looking for suitable venues to host events.
“Cvent is a great example of the kind of entrepreneurial company we want to help stay and grow in Fairfax County,” said Gerald L. Gordon, Ph.D., president and CEO of the Fairfax County Economic Development Authority (FCEDA). “We know there are other location options in the region and elsewhere. We are proud that the company’s leadership has chosen Fairfax County, and confident that the company will continue to benefit from the high-quality workforce at its disposal and the quality of life that the county offers.”
The FCEDA worked with the Virginia Economic Development Partnership to secure the project for Virginia. Governor McDonnell approved a $1 million grant from the Governor’s Opportunity Fund to assist Fairfax County with the project. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s recruitment and training activities.
Time magazine called Fairfax County “one of the great economic success stories of our time.” Business growth and innovation helps Fairfax County fund the nation’s top-rated school system and other public services that contribute to the quality of life of residents. Fairfax County offers businesses a state-of-the-art telecommunications infrastructure, access to global markets through Washington Dulles International Airport, a vibrant investment capital community and a highly skilled, well-educated workforce.
The award-winning Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA offers site location and business development assistance, and connections with county and state government agencies, to help companies locate and expand in Fairfax County. In addition to its headquarters in Tysons Corner, Fairfax County’s largest business district, the FCEDA maintains marketing offices in seven important global business centers: Bangalore, Boston, Munich, London, Los Angeles, Seoul and Tel Aviv. Follow @FairfaxEBird for FCEDA and Fairfax County business news.