Events.com Expands Presence in Growing $98 Billion Virtual Events Market with Remo Acquisition

Events.com Expands into the Virtual Events Market

In a significant move to bolster its position in the rapidly expanding market for virtual and hybrid events, Events.com has announced the acquisition of key assets from Remo. This strategic acquisition is poised to enhance Events.com’s platform, enabling the company to meet the increasing demand for innovative digital engagement solutions as part of a market projected to reach $98 billion.

A Transformative Acquisition

Events.com is an industry leader in event technology, and their successful acquisition of Remo—a company applauded for its immersive virtual environments—marks a pivotal shift in how they plan to cater to event organizers and attendees alike. Remo’s technology specializes in creating engaging online spaces for various events, including webinars, conferences, and perpetual meetings. By integrating these features, Events.com aims to add significant depth to its product offerings.

Hoyin Cheung, CEO and Founder of Remo, emphasized the importance of fostering genuine connections in virtual environments. He stated, "Remo was created to break down the limitations of traditional virtual interactions. By joining Events.com, we will scale our mission further, offering powerful, people-centered tools to engage audiences in meaningful ways."

Enhancing Engagement through Technology

With this acquisition, Events.com will be equipped to provide organizers with a cohesive platform for live, virtual, and hybrid events, leveraging Remo's customizable space technology. The seamless integration is expected to enhance user experience dramatically, with the potential to significantly increase engagement and connections among participants. Reaping benefits from Remo's experience, which included powering tens of thousands of events, Events.com is set to offer innovative solutions that connect users in authentic, impactful ways.

Stephen Partridge, President and Co-Founder of Events.com, expressed his enthusiasm about this transformative step, revealing that this expansion into the $98 billion virtual events market not only revolutionizes their service offerings but also promotes innovation in live event management software. He believes this integration strengthens Events.com’s ability to respond to the evolving needs of event creators while maximizing opportunities for revenue growth.

Riding the Wave of Market Growth

According to market analyses, the global experience economy, which encompasses sectors such as events, is expected to surge from $936 billion in 2024 to an astonishing $1.8 trillion by 2029. Within this context, the virtual events market is anticipated to grow at a compound annual growth rate (CAGR) of 20.0% from 2025 to 2030. Aligning its services with this trend, Events.com is poised to capture a competitive edge, combining digital ticketing and marketing automation with comprehensive sponsorship management and virtual technology.

By creating an integrated platform that encompasses all modes of event capabilities, Events.com is setting the stage for a future where live and virtual interactions blend seamlessly, meeting the demands of today's digitally inclined consumers.

Preparing for Strategic Expansion

As Events.com gears up for its anticipated public listing following its merger with Concord Acquisition Corp. II, the acquisition of Remo is perfectly timed to leverage significant capital for growth initiatives. Stephen Partridge remarked, "Going public will enable us to accelerate our acquisition strategy while continuing to invest in innovation." Critical to these strategies is the ongoing commitment to enhance the user experience and offer unparalleled value to event creators around the globe.

Events.com sees great potential on the horizon, not just as a player in the $98 billion virtual events market, but as a pioneer in creating the next generation of event experiences that seamlessly blend the digital and live worlds. The focus remains on driving innovation through strategic acquisitions, setting a solid path forward as the landscape of events continues to evolve.

For further insights on Events.com and their latest offerings, visit Events.com.

This acquisition represents a significant leap toward redefining how events are planned and experienced in today's fast-paced environment, as companies adapt to new norms in interaction and engagement.