Photo Credit: Adobe Stock/Malambo/Peopleimages - AI (AI generated)
Events.com – a multipurpose platform that offers a public-event search, as well as online tools for ticket sales, promotion, sponsorship sales and more – has acquired the key assets of the virtual-event platform Remo, including the team and technology behind the company's virtual events, webinar offerings and perpetual online meeting spaces.
Remo gained popularity during the pandemic with its uniquely immersive online environments that combined one-on-one audience-interaction capabilities with small-group discussions and keynote sessions. (Northstar Meetings Group was a customer, operating some online implementations of our traditional hosted-buyer event format on their platform.)
Hoyin Cheung, who founded Remo six years ago, achieved success with the approach, powering more than 16,000 events on the platform and hosting some 900,000 attendees. As in-person events surged again post-pandemic, Cheung began looking to partner with an events company with strong leadership, a clear vision, and a desire to keep Remo's technology and team in place. According to a post on LinkedIn, he found all of that with Events.com founders Mitch Thrower and Stephen Partridge.
"The vision they have is expansive and ambitious, something that will fundamentally change the way events are experienced and how they are organized," Cheung wrote. "This is not the ending chapter for Remo. It is a new chapter that doubles down on the great product we created. The Remo brand is staying, and so is our product."
To this point, Events.com appears to have targeted a wide range of entertainment, social events and festivals with its DIY toolset, growing in the past two years via strategic acquisitions across ticketing, sponsorship management, marketing automation and events discovery. Their client list ranges from a 100,000-attendee Renaissance Festival in Florida to movie experiences at the Mayfair Theatre in Ottawa, as well as powering the event calendar at NewYork.com.
"Our growth strategy is rooted in identifying opportunities where we can add value for event organizers and attendees alike," Events.com president Partridge noted. "Each acquisition strengthens our ability to deliver innovative solutions that drive revenue growth while enhancing the attendee experience."
Going public
In August, Events.com announced its intention to go public on the New York Stock Exchange through a business combination with Concord Acquisition Group II, a special purpose acquisition company. That deal is expected to close in the first quarter of this year, and to provide significant capital for growth.
Source: Northstar Meetings Group