{"id":563764,"date":"2021-07-15T04:00:51","date_gmt":"2021-07-15T04:00:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/egyptian-events-startup-eventtus-acquired-by-us-bevy\/"},"modified":"2021-07-15T04:00:51","modified_gmt":"2021-07-15T04:00:51","slug":"egyptian-events-startup-eventtus-acquired-by-us-bevy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/egyptian-events-startup-eventtus-acquired-by-us-bevy\/","title":{"rendered":"Egyptian events startup Eventtus acquired by US\u2019 Bevy"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>US event management platform <\/strong><strong><a href=\"https:\/\/www.bevy.com\/\">Bevy<\/a><\/strong><strong> has <\/strong><strong>acquired Egyptian startup <\/strong><strong><a href=\"https:\/\/eventtus.com\/\">Eventtus<\/a><\/strong>, the company announced in <a href=\"https:\/\/ent.news\/2021\/7\/Bevy-Eventtus-Press-Release_July-7-2021.pdf\">a statement (pdf)<\/a> yesterday. Bevy, which provides an end-to-end conferencing and virtual events platform, will integrate Eventtus\u2019 technology into its services and bring its 20 staff members, including founders Mai Medhat and Nihal Fares, onto the Bevy team. The value of the transaction was not disclosed.<\/p>\n<p><strong>What will each company bring to the table?<\/strong> Eventtus\u2019 mobile in-person conference app and its other engagement tools will be integrated into Bevy\u2019s tech stack, helping it to offer a more comprehensive service covering virtual, in-person and hybrid events. Bevy will provide scale, in terms of its global offering and customer base, which includes Facebook, Google and Salesforce.<\/p>\n<p><strong>And what will the company structure look like? <\/strong>Medhat will be appointed VP of innovation and will lead growth and development across all departments, while co-founder Fares will be director of product management, responsible for product integration and everything around in-person, hybrid and virtual events. All this will take place under Bevy\u2019s name. \u201cWe will leverage the Eventtus brand as well, but how exactly that will happen we\u2019ll figure out in the coming months,\u201d Medhat adds. The company\u2019s official HQ will be in Palo Alto, California.<\/p>\n<p><strong>Bevy was one of Eventtus\u2019 customers,<\/strong> according to founder of Eventtus Mai Medhat, who tells us that they had known Bevy\u2019s CEO and co-founder Derek Andersen for the past four years and had worked together on several events around the world. The discussions about an acquisition came along after Bevy raised <a href=\"https:\/\/techcrunch.com\/2021\/03\/24\/bevy-raises-40m-series-c-with-20-coming-from-black-investors\/\">USD 40 mn in a series C funding round<\/a> in March.<\/p>\n<p><strong>The main ingredient that led to this moment was Eventtus\u2019 investment in its product and user experience from day one<\/strong>, Medhat explains.<strong> \u201c<\/strong>We never compromised on the technical aspect and user experience, and we hired accordingly,\u201d she adds. \u201cThis was the best investment we ever put in our company.\u201d Additionally, the company had always tried to reach out to international clients to broaden its scope beyond the region - and that is how Bevy came along.<\/p>\n<p><strong>About Eventtus:<\/strong> Eventtus is an event tech company that empowers conferences and exhibitions in 35 countries to create virtual, in-person and hybrid event experiences using tech solutions. The different solutions it offers event planners include a mobile event app, virtual events platform, ticketing and registration, lead retrieval app and business intelligence reports.<\/p>\n<p><strong>It has attracted some of the biggest regional and global tech investors<\/strong> since its inception in 2012, including Algebra Ventures and 500 Startups.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US event management platform Bevy has acquired Egyptian startup Eventtus, the company announced in a statement (pdf) yesterday. Bevy, which provides an end-to-end conferencing and virtual events platform, will integrate Eventtus\u2019 technology into its services and bring its 20 staff members, including founders Mai Medhat and Nihal Fares, onto the Bevy team. The value of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":563765,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,7128,95,123],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-ma-watch","tag-startup-watch","tag-startups","wpautop","entry"],"acf":{"mongo_id":"5519e922-35ea-47ab-bb02-f88a9d42efe7","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/7\/210.jpg","photo_position":"above","related_issue":[563758],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian events startup Eventtus acquired by US\u2019 Bevy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/egyptian-events-startup-eventtus-acquired-by-us-bevy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian events startup Eventtus acquired by US\u2019 Bevy\" \/>\n<meta property=\"og:description\" content=\"US event management platform Bevy has acquired Egyptian startup Eventtus, the company announced in a statement (pdf) yesterday. Bevy, which provides an end-to-end conferencing and virtual events platform, will integrate Eventtus\u2019 technology into its services and bring its 20 staff members, including founders Mai Medhat and Nihal Fares, onto the Bevy team. 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While the big story of the afternoon is word that the private sector will be handed a significant role operating and upgrading the nation\u2019s rail networks, it\u2019s difficult not to be more excited about what\u2019s happening on Planet\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566824,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/tonight-imf-thinks-egyptian-economy-will-rebound-are-traditional-banks-going-extinct-also-save-maadi\/","url_meta":{"origin":563764,"position":1},"title":"TONIGHT: IMF thinks Egyptian economy will rebound. + Are traditional banks going extinct? ALSO: Save Maadi.","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"Good afternoon, wonderful people \u2014 we hope you\u2019re all looking forward to a week off as much as we are. It literally could not have come a moment too soon.REMINDER- Sunday is technically a workday (good luck finding anyone at their desks), but banks and the stock exchange are closed\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563760,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/15\/this-morning-egx-election-results-announced-powell-settles-fears-on-inflation-stimulus\/","url_meta":{"origin":563764,"position":2},"title":"THIS MORNING: EGX election results announced; Powell settles fears on inflation, stimulus.","author":"enterpriseam admin","date":"15 July 2021","format":false,"excerpt":"Good morning, ladies and gentlemen \u2014 and that\u2019s a wrap on EnterpriseAM until we return from the Eid break, when we\u2019ll be back in your inboxes on Sunday, 25 July. Stay tuned this afternoon for the final EnterprisePM issue before the holiday.We have two big M&A stories for you this\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":554282,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/28\/b2b-healthtech-platform-aumet-acquires-egyptian-startup-platform-one\/","url_meta":{"origin":563764,"position":3},"title":"B2B healthtech platform Aumet acquires Egyptian startup Platform One","author":"enterpriseam admin","date":"28 December 2021","format":false,"excerpt":"Jordanian B2B healthcare marketplace Aumet has acquired 100% of Egypt-based digital pharmacy supplier Platform One, according to a press release. The Jordan-founded, US-based company acquired the Egyptian startup through a share swap worth a USD seven-figure sum, Platform One co-founder Abd Elhady Araby told Enterprise. Next steps: Platform One customers\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/513.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553605,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/minly-acquires-emirati-competitor-oulo\/","url_meta":{"origin":563764,"position":4},"title":"Minly acquires Emirati competitor Oulo","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"Minly taps into the Gulf: Egypt-based customized celeb video platform Minly acquired Emirati celebrity shout-out platform Oulo for an undisclosed amount, according to a company statement. This comes six months after Minly closed a USD 3.6 mn seed round co-led by 4DX Ventures, B&Y Venture Partners, and Global Ventures. Minly\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/274.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578016,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/13\/pts-projects-invests-in-local-healthcare-network-edam\/","url_meta":{"origin":563764,"position":5},"title":"PTS Projects invests in local healthcare network EDAM","author":"enterpriseam admin","date":"13 December 2022","format":false,"excerpt":"Local healthcare company EDAM has new shareholders: PTS Investments Holdings\u2019 Egyptian arm PTS Projects has acquired a minority stake in local healthcare startup EDAM in a USD six-figure transaction, marking its first transaction in our local market, PTS Investments Managing Director Maha Mandour told Enterprise.Going digital: EDAM will use the\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/12\/255.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=563764"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563764\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563758"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/563765"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563764"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563764"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}