Egyptian event mgt. software startup Eventtus gets acquired by Bevy

Although the financial details of the acquisition was not disclosed, Eventtus stated that that it was a ‘good deal’ for everyone involved – including their investors

By: Business Today Egypt

Wed, Jul. 14, 2021

Egyptian event management software startup Eventtus has been scooped up by Bevy, a global enterprise software startup for virtual conferences and community events.

The acquisition will enable Bevy to expand its event tech stack with a mobile in-person conference app, and several other engagement tools for attendees.

Although the financial details of the acquisition was not disclosed, Eventtus stated to Menabytes that that it was a ‘good deal’ for everyone involved – including their investors.

“Enterprises have invested in creating connected communities for their customers, employees, and partners. Events are not only an extension of these communities but also provide an important channel for driving ongoing engagement” said Derek Andersen, CEO, and co-founder of Bevy.

 “With this acquisition, we can now further advance our leadership role in enterprise events by delivering an end-to-end white-labeled event system of record that helps enterprise leaders build even stronger and more engaged communities,” the CEO added.

This acquisition adds more than 20 engineers to the Bevy team, including Eventtus founders Mai Medhat and Nihal Fares.

Eventtus cofounder Mai Medhat highlighted the potential of the acquisition, stating “What’s unique about Bevy is how they thread events together. They’ve built a powerful community event engine that helps enterprise teams create a sense of community among their customers, prospects, partners, and employees. This is what all other event platforms are missing, and it’s the key to unlocking global scale and growth.”

Startup Grind, a global community that organizes startup events with Andersen as CEO, has used Eventtus to host events for years, Medhat pointed out.

“I have known Bevy and Derek Andersen, for a few years. Bevy has been using Eventtus for its global conferences for many years. It’s one of these stories when a customer turns to love the product, finds a fit and it turns into a successful acquisition. Bevy is focused on enabling business to build community and the acquisition allows for us to meet attendees where they are at and how they prefer to experience events.”

Started a little over four years ago, Bevy has raised over $60 million to date from Accel and some other top investors.