By Rachel Hatzipanagos and Jason Spencer
Gov. Bob McDonnell on Wednesday announced that software company Cvent will move its headquarters into the former SAIC building in Tysons Corner, an expansion that will add 400 new jobs and retain 451 jobs in Fairfax County.
“As a corporate citizen that has called Virginia home since 1999, it is tremendous news that Cvent will continue to grow in Fairfax County with this headquarters expansion," McDonnell said in a statement. "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. We welcome 400 new jobs and celebrate the company’s Fairfax employee base of more than 450 that will continue to thrive in Virginia.”
McDonnell approved a $1 million economic development grant that helped Fairfax County incentivize the company, according to the Governor's Office. Virginia successfully competed against Maryland to hold on to Cvent, McDonnell stated.
“As a growth-oriented tech company it is critical to be located in an area that offers access to a highly qualified talent pool and aligns with our entrepreneurial culture,” Reggie Aggarwal, CEO and founder of Cvent, said in a statement. “Virginia offered a very competitive package that is supportive of our expansion and gives us the ability to continue to grow.”
Cvent distributes cloud-based event management software. Its new headquarters will be at Greensboro Station, 1710 Solutions Drive, where the company will lease about 130,000 square feet of office space, according to the Fairfax County Economic Development Authority.
Cvent plans to invest $7 million to expand its headquarters. Its future home is located next to the Greensboro Metro Station on the Silver Line, which is scheduled to open in 2014.
Cvet is currently located on 8180 Greensboro Drive in Tysons Corner. The company plans to move to its new building in next year.