Bevy acquires community-focused networking company CMX
Bevy announced today that it has acquired CMX, which it describes as “the world’s largest community for community professionals.”
In other words, CMX is trying to connect and support the people whose job is to build communities around their companies. To do that, it organizes the CMX Summit and also offers membership to a private network called CMX Pro.
Bevy, meanwhile, has built software for companies to manage community events. In fact, the company was created by the organizers of Startup Grind, who said they initially built Bevy because of the challenge involved in managing all the different Startup Grind events.
The company now says it works with customers including Slack, Atlassian, Asana, Gainsight and Duolingo — in fact, Duolingo uses it to host 1,000 monthly events.
In an email, Bevy CEO Derek Andersen told me, “I’ve been a CMX community speaker, sponsor, and member for many years, and there is no better way to get educated and networked in the community industry than CMX.”
The financial terms of the acquisition were not disclosed. CMX’s co-founder and CEO David Spinks will continue to lead CMX initiatives within Bevy, and he will become the company’s vice president of community.
“People are in desperate need of meaningful community,” Spinks said in the acquisition announcement. “They’re craving more depth, and that often comes through in-person, real world connection. Derek and the Bevy team have built a great platform to help teams scale their IRL community programs. We’re thrilled to join forces and work toward a more meaningfully connected world.”
Startup Grind founders raise $6.4M for community event platform Bevy