---
title: 'Charting a new direction: CrowdCompass acquired for $10 million'
date: '2012-06-19T10:00:48-07:00'
type: post
word_count: 359
char_count: 2358
tokens: 467
categories:
  - '#featured'
  - Acquisitions
  - Oregon
  - Portland
  - Startups
tags:
  - acquired
  - crowdcompass
  - cvent
---

# Charting a new direction: CrowdCompass acquired for $10 million

Investing time and money in Portland mobile development continues to become a better and better proposition. Especially with today’s news. Portland’s CrowdCompass—a company which makes mobile apps for events—has [been acquired for $10 million by Cvent](http://www.crowdcompass.com/blog/cvent-acquires-crowdcompass/ "Event Management Giant Cvent Acquires CrowdCompass").

> Here’s where we merge our powers. Their industry-leading event management tools combined with our native mobile apps means innovative answers to the challenges that arise when planning events and conferences. Becoming a part of Cvent will allow us to operate on a greater and much faster scale than we ever have before. In turn, we’ll help accelerate the popularity of their events and meetings by staying in front of developing technologies. We’ll focus on creating conversations and enhancing communication between attendees. Making events a more interactive and engaging experience will be possible through social media tools and games within the app. Together, we’re taking the mobile experience to the next level.

That’s [not a bad return for investors in the 3 year old company](http://www.oregonlive.com/silicon-forest/index.ssf/2012/06/cvent_pays_10_million_for_port.html "Cvent pays $10 million for Portland mobile startup CrowdCompass") which includes folks like the Oregon Angel Fund.

> CrowdCompass raised $1.3 million last fall, led by a $600,000 investment by the Oregon Angel Fund. That’s a coalition of wealthy investors and the Oregon Growth Account, which invests state lottery proceeds.

This also [marks another win for Nitin Khanna and MergerTech](http://www.oregonlive.com/silicon-forest/index.ssf/2012/06/crowdcompass_sale_was_mergerte.html "CrowdCompass' sale was MergerTech's third Portland deal this year"), who handled the deal.

> “We did more deals in the first four months this year for more value than all of last year,” Khanna said. “And we are going to be announcing some north of $50MM deals later this year as well so we’re growing not only in terms of number of deals but also size of deals.”

For more information on the acquisition, read the [CrowdCompass post](http://www.crowdcompass.com/blog/cvent-acquires-crowdcompass/ "Event Management Giant Cvent Acquires CrowdCompass").