Bizzabo’s Event Success Platform Exceeds $100 Million in Paid Registrations
June 2, 2018
Bizzabo, an events cloud, revealed that the company hit processing more than $100 million in gross paid registrations for its customers.
Further, $47 million of the total ticket sales occurred in the past six months alone.
This major growth milestone also coincides with recent news that Bizzabo had exceeded annual recurring revenue by more than 200 percent in size during the past year, illustrating growth both in the company and the market demand for its holistic events cloud that manages professional events from end-to-end.
Eran Ben-Shushan, Co-founder and CEO of Bizzabo, said: “Marketing leaders continue to recognize that professional events hold tremendous value for engaging prospective and current customers, establishing thought leadership, as well as driving revenue.”
He added, “More marketing dollars are going into professional events than ever before, across a wide range of industries and on a global scale. Running successful events is complex and stressful. Modern cloud-based software makes it dramatically easier to run, measure, and optimize events.”
Bizzabo enables B2B professional events globally. The top markets contributing to its $100 million in total ticket sales are United States, United Kingdom, Australia and Canada.
The types of events that currently represent the most revenue driving events include Conferences & Conventions at 36 percent, followed by Meeting & Networking Events at 24 percent, and Classes & Workshops at 18 percent.
Since launching in 2012, Bizzabo has enabled thousands of events attended by a million event goers, spanning a wide variety of industry verticals.
Technology organizations are processing the most event registration revenue at 26 percent, followed by Services, Education and Media, each at 12 percent, and then Financial/Banking at 9 percent, Events at 9 percent and Non-Profits at 5 percent.
Bizzabo identified that the majority of event attendees are company leaders, including C-Suite executives at 66 percent, VPs at 10 percent, Directors at 8 percent, and Managers at 7 percent.
Bizzabo’s award-winning event success platform offers marketers the means to create rewarding in-person experiences through a streamlined set of tools for event marketing, analytics, automation and personalization.
These critical features enable organizations to orchestrate, measure, and above all - improve their events.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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