{"id":165621,"date":"2021-11-10T14:00:00","date_gmt":"2021-11-10T14:00:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2950850"},"modified":"2021-11-10T14:00:00","modified_gmt":"2021-11-10T14:00:00","slug":"water-tower-research-publishes-initiation-of-coverage-report-on-dragoneer-growth-opportunities-corp-ii-nasdaqcm-dgns-titled-merging-with-cvent-saas-event-technology-leader-projecting-23","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/11\/10\/water-tower-research-publishes-initiation-of-coverage-report-on-dragoneer-growth-opportunities-corp-ii-nasdaqcm-dgns-titled-merging-with-cvent-saas-event-technology-leader-projecting-23\/","title":{"rendered":"Water Tower Research Publishes Initiation of Coverage Report on Dragoneer Growth Opportunities Corp. II. (NASDAQCM: DGNS) Titled \u201cMerging with Cvent, SaaS Event Technology Leader Projecting 23% CAGR Going Public at 8.5x Sales, a 59% Discount to Its Peers\u201d"},"content":{"rendered":"

\"Water<\/p>\n

November 10, 2021, CHICAGO, IL – Water Tower Research (www.watertowerresearch.com<\/a>) has published an Initiation of Coverage report on Dragoneer Growth II \/ Cvent<\/a> (NASDAQCM: DGNS) as Dragoneer Growth Opportunities Corp. II. is merging with Cvent, a leading meetings, events, and hospitality technology provider.\u00a0 The report centers around Cvent\u2019s suite of solutions that automates and simplifies the event-management process and delivers live engagement to maximize the impact of virtual, in-person, and hybrid events.<\/p>\n

\u201cWith the COVID-19 pandemic slowing and an events industry that has become increasingly digitized since March 2020, it appears to be an opportunistic time for Cvent to go public. The company\u2019s 92% recurring revenue and 22% core revenue growth from 2017-2019 give it sufficient confidence to call for 23% revenue growth in 2022 and again in 2023,\u201d said John M.A. Roy, Managing Director, Technology at Water Tower Research.\u00a0 \u201cCvent just announced 3Q results where it beat its guidance and raised its 4Q guidance, and it returned to double-digit revenue growth despite the Delta variant. With the rise of virtual and hybrid events combined with demand for in-person events, the total addressable market (TAM) for event-management technology is estimated to be $29.7 billion, and Cvent estimates it has $2.7 billion of opportunity within its installed base.\u201d<\/p>\n

We will be hosting Reggie Aggarwal, CEO and Founder of Cvent on Thursday, November 18, 2021 at 1 pm EST as part of our WTR Fireside Chat Series. Register for the event here. <\/a>\u00a0<\/strong><\/p>\n

About Water Tower Research<\/strong><\/p>\n

Water Tower Research<\/a>\u00a0is an investor engagement and stakeholder communication platform powered by Wall Street veterans with significant experience and credibility. We create, deliver, and maintain the information flow required to build and preserve relationships between companies and all their stakeholders and investors. \u201cResearch for the other 99%™\u201d opens the door for every investor to stay informed and ensures transparency, better engagement, and equal communication.<\/p>\n

\n

See Campaign: <\/strong>https:\/\/www.watertowerresearch.com\/<\/a>
Contact Information:<\/b>
Please direct inquiries to: info@watertowerresearch.com<\/a> (312) 283-7534<\/p>\n

Tags:<\/b>
Menafn<\/a>, IPS<\/a>, Reportedtimes<\/a>, Google News<\/a>, Financial Content<\/a>, PR-Wirein<\/a>, ReleaseLive<\/a>, Extended Distribution<\/a>, iCN Internal Distribution<\/a>, English<\/a><\/p>\n<\/div>\n

\n

Contact Information:<\/h3>\n

Please direct inquiries to:
info@watertowerresearch.com<\/a>
(312) 283-7534<\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

November 10, 2021, CHICAGO, IL – Water Tower Research (www.watertowerresearch.com) has published an Initiation of Coverage report on Dragoneer Growth II \/ Cvent (NASDAQCM: DGNS) as Dragoneer Growth Opportunities Corp. II. is merging with Cvent, a leading meetings, events, and hospitality technology provider.  The report centers around Cvent’s suite of solutions that automates and simplifies […] Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-165621","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nWater Tower Research Publishes Initiation of Coverage Report on Dragoneer Growth Opportunities Corp. II. 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