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Cvent to move in former SAIC headquarters in Tysons, bringing 400 new jobs

Governor Bob McDonnell today announced that Cvent (NYSE: CVT), a leading cloud-based event management platform that recently went public, will move its headquarters to SAIC’s former headquarters building in Tysons Corner, the recently renamed “Greensboro Station.” Virginia successfully competed against Maryland for the project, which will create 400 new jobs in three years and retain 451 jobs.

According to a news release from the governor, the company benefits from the large, well-educated labor pool in the region that provides a qualified workforce, and the available site located on the new Silver Line Metro route is an ideal location that meets Cvent’s needs and allows room for future growth.

        “Cvent provides a unique event management platform that continues to grow in demand,” said Jim Cheng, Virginia Secretary of Commerce and Trade.

        Cvent is a cloud-based enterprise event management 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 event planners looking for suitable venues to host their events.

        The Virginia Economic Development Partnership worked with the Fairfax County Economic Development Authority 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. Cvent will lease about 130,000 square feet of space at 1710 Solutions Drive, and plans to invest $7 million to expand its headquarters operations. The company plans to move in the latter half of 2014.

Greensboro Station was recently acquired and will be repositioned by the Meridian Group, a D.C.-area based real estate private equity firm.

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