PlanSoft Corporation

About PlanSoft Corporation

PlanSoft Corporation operated as a business-to-business solutions provider catering to the professional meeting planning sector. Founded in 1995 and based in Twinsburg, Ohio, the company developed an online platform, mpoint.com, designed to facilitate communication and transactions between organizations and suppliers throughout the meeting planning and procurement process.

The company's core offering was a Meeting Management Solution that provided organizations with direct control over costs and productivity. This was achieved through extensive information databases, planning solutions, and online tools available via its website. PlanSoft's client base included major hospitality brands such as Hilton Hotels, Hyatt Hotels & Resorts, Marriott International, and Starwood Hotels & Resorts. The business model centered on streamlining the complexities of event organization for professional planners.

Throughout its operation, PlanSoft Corporation secured significant financial backing, raising a total of $46 million over two funding rounds. A notable Series C round on January 24, 2000, raised $6 million and included investors like IDG Ventures and DCM Ventures. The company's trajectory culminated in a merger with seeUthere Technologies on August 31, 2004, to form a new entity, OnVantage Inc. This merger was a strategic move to combine the strengths of both companies, creating a more comprehensive marketplace for the meetings industry. Following these developments, PlanSoft is now considered a deadpooled company.