Inclusion highlights Cvent’s expanding leadership position in the event technology space
Cvent Holding Corp., a market-leading meetings, events and hospitality technology provider, announced today it has been selected to be added to the Russell 2000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the US market opens on June 27, 2022.
Cvent CEO and Founder Reggie Aggarwal commented, “We are proud of Cvent’s inclusion in the Russell 2000 Index. This recognition is a testament to Cvent’s strong fundamentals and business performance, and further underscores our role as a long-time leader in our space. We believe our successful pivot during the pandemic accelerated our leadership position as we developed the technology our customers needed to deliver more impactful digital event experiences across their Total Event Program. As we look ahead, we’re excited to build on the momentum we see in the return of in-person events, while creating more value for our customers and investors with an innovative and robust platform to power events of all types and formats.”
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.