Hong Kong – Event SaaS company EventX has announced plans to acquire meeting platform Toasty to enhance its company growth in Asia with a focus on hybrid event management solutions.
Through this strategic acquisition, EventX will continue to broaden the product range and maximise the capabilities in hybrid event solutions that enable their clients to grow by delivering next generation event technology solutions.
This will also help accelerate the company’s strong growth across its hybrid event management solution, and its recently launched metaverse-enablement solution to strengthen the value proposition to both Asian clients and partners.
Founded in 2020, Toasty was designed to bring interactive workshops online and has since become the video meeting platform that is intentionally interactive to incorporate various social capabilities. The platform is used by over 16.5K participants and available in over 25 countries.
Sum Wong, CEO of EventX, said, “The acquisition partnership further cements our position as the leading hybrid event management solutions provider in the industry. We are very excited to enter into this partnership with Toasty to drive further growth and value creation to strengthen our operation in Asia.”
Meanwhile, a spokesperson from Toasty commented, “We believe that we will be in an even better position for the next phase of our growth with our new partner EventX. Together we will bring in next-gen event technology to the industry and better serve our clients in Asia.”