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Cvent Acquires Seed Labs for 42 Million

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first_imgThe app for the X Games, for instance, provides attendees with real-time scores, while the Kentucky Derby app gives attendees background information on each horse and jockey. Seed Labs’ mobile apps work on all major mobile devices, including iPhone, iPad, Android and BlackBerry.“We would never be able to build custom apps like the ones Seed Labs provide this quickly,” Aggarwal tells EXPO. “We also wanted their DNA. As a company grows, oftentimes it can lose its start-up mentality. Cvent has done a pretty amazing job keeping its culture, but by reinforcing it with the Seed Labs team—we can continue to innovate and succeed.”Seed Labs CEO Todd Rogers says the partnership will afford his clients “a complete spectrum of coordinated services under one roof to increase the appeal, excitement and value of their events.” Cvent, an event management software firm, has acquired Seed Labs, a consumer and social event mobile application developer, the companies announced Wednesday. The purchase price of $4.2 million is being drawn from $136 million that Cvent has raised from private equity investors led by New Enterprise Associates and Insight Venture Partners, and marks Cvent’s first acquisition since its founding 13 years ago.While Cvent itself is a technology company, it did not have the in-house expertise to develop mobile applications, Reggie Aggarwal, Cvent’s founder and CEO, tells Folio:’s sister publication EXPO. “We selected Seed Labs after reviewing at least 20 solutions and hearing their name continuously come up in conversations with our clients and prospects,” Aggarwal says.Cvent became particularly interested in Seed Labs as it became apparent that the acquisition would expand its customer base into the consumer market, Aggarwal says. Cvent clients include Meeting Professionals International, Marriott and Yahoo!, while Seed Labs has developed information-intensive apps for such high-profile clients as ESPN’s X Games, the Kentucky Derby and the County Music Association’s CMA Music Festival.last_img read more

Mark Zuckerbergs personal security chief accused of sexual harassment

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first_img Tags 0 Tech Industry Internet Services Share your voice 5:10 Mark Zuckerberg Facebook Facebook co-founder: Time to break up the social network Mark Zuckerberg’s personal security chief has been accused of making racist comments abut Priscilla Chan, the Facebook CEO’s Asian-American wife. Lachlan Cunningham/Getty Images for Breakthrough Prize Mark Zuckerberg’s personal security chief has been accused of sexual harassment and making racist statements about Priscilla Chan, the Facebook CEO’s Asian-American wife, Business Insider reported Thursday.One of the accusers is a former employee of Zuckerberg’s household staff, while the other is a former executive assistant to the security chief, Liam Booth, BI reported. Lawyers representing the pair have sent letters regarding the allegations to the law firm representing the companies that provide security and support for the Zuckerberg family, BI reported.The letters accuse Booth, a former Secret Service agent, with “pervasive discriminatory conduct,” “horrific levels of sexual harassment and battery” and fostering an environment in which staff were repeatedly subjected to racist, homophobic and transphobic diatribes, BI reported.The report didn’t identify the accusers because they’re alleged victims of sexual harassment.One of the letters, sent by the law firm The Bloom Firm, alleges Booth made racist remarks about Chan’s driving ability in front of the household staffer, saying, “She’s a woman and Asian, and Asians have no peripheral vision,” while using his fingers to pull the skin near his eyes to the side, BI reported.Booth also made racist comments to the security staffer, according to the letter, saying that he “didn’t trust black people” and “white lives matter more than black lives,” BI reported. A spokesman for Zuckerberg’s family office said an investigation is underway and that Booth is on administrative leave pending the outcome of the investigation.”The family office takes complaints of workplace misconduct very seriously and our human resources team promptly investigates all such matters. The allegations against Liam Booth were brought to the office’s attention for the first time by The Bloom Firm after both former employees had left employment by the family office and engaged legal counsel,” the spokesman said. “As soon as The Bloom Firm presented these allegations, the family office engaged Munger, Tolles & Olson, an outside law firm, to conduct an investigation of all allegations made by The Bloom Firm to determine whether the claims have merit.”Also named in the letter is Brian Mosteller, the managing director of Zuckerberg’s private office, who’s accused of failing to take action after being informed of the former staffers’ allegations, BI reported. There’s no allegation in the letters that Zuckerberg was aware of the alleged harassment.A representative for The Bloom Firm confirmed it’s representing the former employees but didn’t immediately have a comment to offer.Neither Booth nor Mosteller could immediately be reached for comment.The Zuckerberg family has properties in Palo Alto and Lake Tahoe, California; San Francisco and the Hawaiian island of Kauai. Facebook spent $20 million on personal security for Zuckerberg and his family last year, the social media giant revealed last month in an SEC filing. Post a comment Now playing: Watch this:last_img read more