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Virtual Edge Institute receives strategic investment from PCMA

In the last few years, event professionals and marketers have come to recognize the full value of virtual extensions for their face-to-face meetings and events. Digital solutions are a larger component of event strategies, while leading corporations and associations view virtual events as a vital part of achieving key business objectives.

The virtual and hybrid events industry reached another milestone with the Virtual Edge Institute (VEI) receiving a strategic investment from the Professional Convention Management Association (PCMA). PCMA is an association whose 6,300 members manage some of the nation’s largest meetings and events, while VEI is an organization solely dedicated to educating people on the uses and best practices for deploying digital event, meeting, community and learning solutions. With this funding, VEI will accelerate the development of standards for the digital events industry and the establishment of best practices and education. The organization will also continue its vision to expand the adoption of virtual and hybrid events as a vital component of a marketing and events strategy.

“Virtual and hybrid events are playing a critical role in expanding our audience and increasing business opportunities,” said Deborah Sexton, president and CEO of PCMA. “PCMA recognizes the fundamental changes that are taking place, and we see the tremendous opportunity to be a leader in the discussion on behalf of our members as they shape the future of the meetings industry. Furthermore, there is a tremendous need for educating the industry on how to best plan, deploy and manage these digital programs, and VEI is the source for this specialized education. Our investment in VEI enables this education to reach our members, and the industry as a whole, much faster and on a global basis.”

Since its inception in 2008, VEI has done more than any organization to spark the conversation, adoption, growth and learning around digital solutions for meetings, events, learning and community. With a membership community of 1,500 event, marketing and learning professionals, VEI launched the Virtual Edge Summit in 2008, the industry’s only conference dedicated to hybrid and virtual events and has continued to stay on the edge as technology changes and becomes even more critical to business by developing the curriculum that has led to the introduction of the first certification program for Digital Event Strategists (DES).

“The PCMA Board of Directors has identified digital extensions of events, be they perpetual environments or simple hybrid programs, as critical to the continued growth of events and meetings for collaboration, marketing, selling, and relationship building,” said Susan Katz, chairman of the board of directors, PCMA, and director of Corporate Events and Travel, True Value Company. “Face-to-face and digital extensions are now part of the same tool kit. Event producers, venues and technology providers are all going to need to come together to drive the next wave of innovation in our industry.”

Posted in Associations
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