Welcome!

Open Source Cloud Authors: Liz McMillan, Elizabeth White, Zakia Bouachraoui, Pat Romanski, Yeshim Deniz

News Feed Item

EventBank Carves Out New Segment of Vibrant SaaS Industry -- Event SaaS

NEW YORK, Aug. 19, 2014 /PRNewswire/ -- The year 2014 marks an important milestone for EventBank, a fast-growing technology start-up founded in November 2012 by CEO Eric Schmidt, a veteran tech entrepreneur.  Recently, EventBank has made waves by pioneering the field of event SaaS, carving out a new segment of the vibrant $17 billion SaaS industry, which is enjoying growth of more than 20% per annum. Through cutting-edge cloud-based technology, EventBank is revolutionizing the event management software industry by providing hyper-intelligent business-centric software tools that captures big data to provide clients with tangible and monetizable opportunities.

Market research shows that half of today's organizations are seeking to deploy cloud-based business intelligence (BI) tools in 2014. EventBank is ready to fulfill the market's needs with its BI software tools and built-in analytics. Additionally, its unique, high return on investment (ROI) capabilities and early-mover advantage, positions EventBank well to capture a significant share of the $29.6 billion event management software market.

CEO Eric Schmidt said, "We offer more than what our competitors are able to because we're not just an event management software company. Our software tools provide customers with real-time business intelligence, which unlock valuable information hidden within big data. Every time a user or event attendee interacts with EventBank's platform, our seamless, one-stop solution set gathers valuable data normally ignored or lost in spreadsheets on individual desktop computers. The data not only offers invaluable information to event organizers but also to its attendees, forming a sustainable, self-sufficient ecosystem. This versatility is the driver of targeted marketing efforts and potential new sources of revenue for our customers."

In June, EventBank announced that it joined the Cloud Security Alliance (CSA), founded by BSI and Fortune 500 companies. CSA is a non-profit organization with a mission to promote best practices of providing security assurance within Cloud Computing, and to provide education on the uses of Cloud Computing to help secure all other forms of computing.

EventBank offers a Linux-based solution employing both schema-based SQL and cutting edge, non-schema-based NoSQL to fully utilize the advantages from both technologies to provide unprecedented SaaS agility. EventBank's web and mobile clients are coded with the latest html5+css3+ajax with the support of state-of the art technologies including SASS, Green Socks, Nodejs which displace unstable flash plug-ins for the ultimate user experience. Furthermore, both android and iOS clients are coded utilizing best practices standardized by Google and Apple.

"Every event, regardless of its size, creates opportunities that drive businesses. They create lasting impressions and provide a physical touch point between a brand and its audience," Eric Schmidt added. "Not only do events establish strong brand awareness, but they also generate potentially valuable data. However, companies lack the tools and techniques necessary to effectively mine, organize and analyze data that are generated by events. EventBank offers one user-friendly technology platform to better plan, organize and execute every event to optimize business returns."

EventBank is certainly one company to keep an eye on, being one of the first to create a public cloud across the US, China and Europe. The company has initially set its targets on the US and China markets and has turned heads lately with corporate and professional organizations that typically have been early adopters of leading-edge technology, interested in its solutions.  When asked what EventBank's greatest asset was, Eric Schmidt modestly replied, "Clearly, it's our vigorous team of professionals we recruited from 6 different countries. They are constantly challenging each other to provide the perfect solution for customers around the globe."

For further information, please contact:
RAINY BAI
Tel: +86-10-5729-7023
Email: [email protected]

SOURCE EventBank

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
There are many examples of disruption in consumer space – Uber disrupting the cab industry, Airbnb disrupting the hospitality industry and so on; but have you wondered who is disrupting support and operations? AISERA helps make businesses and customers successful by offering consumer-like user experience for support and operations. We have built the world’s first AI-driven IT / HR / Cloud / Customer Support and Operations solution.
Codete accelerates their clients growth through technological expertise and experience. Codite team works with organizations to meet the challenges that digitalization presents. Their clients include digital start-ups as well as established enterprises in the IT industry. To stay competitive in a highly innovative IT industry, strong R&D departments and bold spin-off initiatives is a must. Codete Data Science and Software Architects teams help corporate clients to stay up to date with the mod...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Druva is the global leader in Cloud Data Protection and Management, delivering the industry's first data management-as-a-service solution that aggregates data from endpoints, servers and cloud applications and leverages the public cloud to offer a single pane of glass to enable data protection, governance and intelligence-dramatically increasing the availability and visibility of business critical information, while reducing the risk, cost and complexity of managing and protecting it. Druva's...
BMC has unmatched experience in IT management, supporting 92 of the Forbes Global 100, and earning recognition as an ITSM Gartner Magic Quadrant Leader for five years running. Our solutions offer speed, agility, and efficiency to tackle business challenges in the areas of service management, automation, operations, and the mainframe.
The Jevons Paradox suggests that when technological advances increase efficiency of a resource, it results in an overall increase in consumption. Writing on the increased use of coal as a result of technological improvements, 19th-century economist William Stanley Jevons found that these improvements led to the development of new ways to utilize coal. In his session at 19th Cloud Expo, Mark Thiele, Chief Strategy Officer for Apcera, compared the Jevons Paradox to modern-day enterprise IT, examin...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
DSR is a supplier of project management, consultancy services and IT solutions that increase effectiveness of a company's operations in the production sector. The company combines in-depth knowledge of international companies with expert knowledge utilising IT tools that support manufacturing and distribution processes. DSR ensures optimization and integration of internal processes which is necessary for companies to grow rapidly. The rapid growth is possible thanks, to specialized services an...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Scala Hosting is trusted by 50 000 customers from 120 countries and hosting 700 000+ websites. The company has local presence in the United States and Europe and runs an internal R&D department which focuses on changing the status quo in the web hosting industry. Imagine every website owner running their online business on a fully managed cloud VPS platform at an affordable price that's very close to the price of shared hosting. The efforts of the R&D department in the last 3 years made that pos...