Events.com Acquires Key Assets of Remo, Expanding into $98 Billion Virtual Events and Meetings Market

Strategic Acquisition Adds Virtual and Hybrid Capabilities to Events.com Platform, Broadens Geographic Reach, Expands Target Market into Meetings and More

LA JOLLA, Calif., Jan. 8, 2025 /PRNewswire/ -- Events.com ("the Company"), an industry-leading event technology platform, today announced the acquisition of key assets from Remo, a virtual technology product recognized for its immersive and interactive digital environments for events, webinars, conferences and perpetual online meeting spaces. This strategic move brings Remo's technology and team into the Events.com ecosystem, significantly expanding its product suite and customer offerings, delivering enhanced options for digital engagement and broadening the Events.com platform's reach to new regions, while further expanding its markets into hybrid events, online webinars, hybrid conferences, and even perpetual online meeting spaces. The acquisition marks a major milestone in Events.com's growth strategy, enabling the company to expand into the rapidly growing virtual and hybrid events market.

The acquisition positions Events.com to offer event organizers an all-in-one platform for live, virtual, and hybrid experiences. Remo's innovative technology creates customizable virtual spaces that foster authentic connections and engagement. With tens of thousands of events powered by Remo and with attendees worldwide, the product's immersive environment fosters deeper connections, generating around 3.5 million meaningful interactions to date.

"Remo was created to break down the limitations of traditional virtual interactions, fostering genuine connections and a sense of community, no matter where participants are located," said Hoyin Cheung, Founder and CEO of Remo. "By joining Events.com and integrating our technology into its robust event management platform and industry-leading capabilities, we will be able to scale this mission further, offering event organizers powerful, people-centered tools to engage audiences in meaningful ways."

By integrating Remo's capabilities into its platform, Events.com will empower event organizers to deliver seamless and engaging experiences across all event formats.

"This acquisition is a transformative step for Events.com," said Stephen Partridge, President and Co-Founder of Events.com. "By uniting Remo's interactive and customizable capabilities within the Events.com platform, we are expanding our reach into the $98 billion virtual events market while continuing to power innovation in live event management software. This positions us to provide unparalleled value to event creators seeking innovative solutions that save time and maximize revenue."

A History of Strategic Growth Through Acquisitions

The acquisition of Remo builds on Events.com's proven track record of strategic acquisitions designed to enhance its product offerings and expand its market reach. Since 2022, the company has acquired multiple complementary technologies across ticketing, sponsorship management, marketing automation, and event discovery. These acquisitions have allowed Events.com to create a unified platform that addresses multiple stages of the event lifecycle—from planning and promotion to execution and analysis.

"Our growth strategy is rooted in identifying opportunities where we can add value for event organizers and attendees alike," Partridge added. "Each acquisition strengthens our ability to deliver innovative solutions that drive revenue growth while enhancing the attendee experience."

Competing in a Rapidly Expanding Market

The global experience economy is projected to grow from $936 billion in 2024 to $1.8 trillion by 2029. Within this landscape, the virtual events market alone is expected to grow at a CAGR of 20.0% from 2025 to 2030. The global virtual meeting software market size was valued at USD 19.04 billion in 2023. It is expected to reach USD 157.96 billion by 2032, growing at a CAGR of 26.5% during the forecast period (2024–2032).

Events.com's expansion into this space positions it as a key player in both live and digital events—a unique advantage in an increasingly hybrid world. Unlike competitors focused solely on video conferencing or ticketing solutions, Events.com offers an integrated platform that combines:

• Digital Ticketing: Fully branded ticketing pages with advanced inventory management.
• Marketing Automation: Tools to launch campaigns across multiple channels in minutes.
• Sponsorship Management: Streamlined sponsor outreach and activation tools.
• Virtual Event Technology: Immersive environments for networking and engagement.

"By uniting live and virtual event capabilities under one roof," Partridge said, "we are creating a platform that not only meets today's demands but also anticipates how people will connect through events in the future."

Momentum Ahead of Public Listing

This acquisition also comes at a critical juncture for Events.com as it prepares for its public debut following its announced business combination with Concord Acquisition Corp. II (OTCQX: CNDA), a publicly traded special purpose acquisition company. Expected to close in Q1 2025, this transaction will provide significant capital to fuel the company's growth initiatives.

"Going public will enable us to accelerate our acquisition strategy while continuing to invest in innovation," said Stephen Partridge, President of Events.com. "We see tremendous opportunities ahead as we expand into new markets and deliver value to our customers."

Looking Ahead

As part of its commitment to innovation and growth through strategic acquisitions, Events.com plans to continue exploring opportunities that align with its vision of becoming the go-to platform for all event needs. The company remains focused on delivering exceptional value for event creators while enhancing the attendee experience through technology-driven solutions.

For more information about Events.com or its latest offerings, visit Events.com

For more information about Events.com, please visit https://events.com.

About Remo
Remo is a pioneering virtual event platform designed to create immersive, human-centered digital experiences that foster authentic connections and meaningful engagement. Known for its customizable and visually stunning virtual environments, Remo empowers event organizers to host a wide range of gatherings—from global conferences and networking sessions to remote work meetings and training workshops. With its innovative "walk-around" functionality, participants can move freely between virtual tables and spaces, facilitating organic conversations and dynamic interactions that replicate the feel of in-person events. Trusted by industry leaders, Remo has powered tens of thousands of events worldwide, connecting attendees and driving millions of meaningful interactions.

About Events.com
Events.com powers a two-sided marketplace and platform that helps passionate individuals create, promote, discover, and enjoy events. Events.com's platform helps event organizers seamlessly execute their events and allows event goers to discover, interact, and transact with the events they love. The Company offers a robust ecosystem that supports millions of event creators worldwide, catering to various interests. From the prestigious All-In Summit, the world's leading podcast for business, technology, and investing, to the vibrant 100,000-person Renaissance Festival in Florida, the exclusive Club Getaway featured on Bravo, the event calendar on NewYork.com, the transformative Archangel Summit, and movie experiences at the iconic Mayfair Theatre in Ottawa—Events.com technology is the driving force behind unforgettable moments worldwide.

For additional information, please visit events.com.

Videos:

• Events.com: The most meaningful moments in our lives, powered by Events.com
• Remo: Humanize your Online Event Experience

Art and Logos
You may download the logos from Events.com here.

¹Grand View Research. (n.d.). Virtual events market size, share & trends analysis report by event type (internal, external), by service (communication, recruitment), by establishment size (large, small & medium enterprises), by end use, by region, and segment forecasts, 2023-2030. Retrieved January 7, 2025, from https://www.grandviewresearch.com/industry-analysis/virtual-events-market

²"Virtual Meeting Software Market Size, Share, Growth Analysis, and Forecast to 2032." Straits Research, https://straitsresearch.com/report/virtual-meeting-software-market.

Important Information for Investors and Shareholders
In connection with the Proposed Business Combination, CNDA intends to file with the SEC the Registration Statement, which will include a prospectus with respect to the combined company ("PubCo")'s securities to be issued in connection with the Proposed Business Combination and a proxy statement to be distributed to holders of CNDA's common stock in connection with CNDA's solicitation of proxies for the vote by CNDA's stockholders with respect to the Proposed Business Combination and other matters to be described in the Registration Statement (the "Proxy Statement"). After the SEC declares the Registration Statement effective, CNDA plans to file the definitive Proxy Statement with the SEC and to mail copies to stockholders of CNDA as of a record date to be established for voting on the Proposed Business Combination. This press release does not contain all the information that should be considered concerning the Proposed Business Combination and is not a substitute for the Registration Statement, Proxy Statement or for any other document that PubCo or CNDA may file with the SEC. Before making any investment or voting decision, investors and security holders of CNDA and Events.com are urged to read the Registration Statement and the Proxy Statement, and any amendments or supplements thereto, as well as all other relevant materials filed or that will be filed with the SEC in connection with the Proposed Business Combination as they become available because they will contain important information about, Events.com, CNDA, PubCo and the Proposed Business Combination.

Investors and security holders will be able to obtain free copies of the Registration Statement, the Proxy Statement and all other relevant documents filed or that will be filed with the SEC by PubCo and CNDA through the website maintained by the SEC at www.sec.gov. In addition, the documents filed by PubCo and CNDA may be obtained free of charge from CNDA's website at cnda.concordacquisitioncorp.com or by directing a request to Jeff Tuder, Chief Executive Office, 477 Madison Avenue New York, New York 10022; Tel: (212) 883-4330. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation
Events.com, CNDA, PubCo and their respective directors, executive officers and other members of management and employees may, under the rules of the SEC, be deemed to be participants in the solicitations of proxies from CNDA's stockholders in connection with the Proposed Business Combination. For more information about the names, affiliations and interests of CNDA's directors and executive officers, please refer to CNDA's annual report on Form 10-K filed with the SEC on March 1, 2024, and Registration Statement, Proxy Statement and other relevant materials filed with the SEC in connection with the Proposed Business Combination when they become available. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, which may, in some cases, be different than those of CNDA's stockholders generally, will be included in the Registration Statement and the Proxy Statement, when they become available. Stockholders, potential investors and other interested persons should read the Registration Statement and the Proxy Statement carefully, when they become available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation
This document shall not constitute a "solicitation" as defined in Section 14 of the Securities Exchange Act of 1934, as amended. This document shall not constitute an offer to sell or exchange, the solicitation of an offer to buy or a recommendation to purchase, any securities, or a solicitation of any vote, consent or approval, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, solicitation or sale may be unlawful under the laws of such jurisdiction. No offering of securities in the Proposed Business Combination shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

SOURCE Events.com