PCMA announces strong growth and record revenue
The PCMA (Professional Convention Management Association) announced strong financial growth and record revenue numbers at its annual Convening Leaders event.
Reporting on its membership the organisation confirmed numbers now total more than 7,000 globally. More than half of the PCMA membership body joined approximately 4,500 total attendees at this year’s Convening Leaders in Nashville.
Financially, PCMA’s revenues have also shown record increases to $19 million (£14.1m) with partnership activity contributing $6.5m (£4.8m) in 2017. Its revenue streams and brands now include Convening Leaders, ICESAP, the Digital Experience Institute and Convene magazine.
The growth of PCMA has been supported by the PCMA Education Foundation, which has also announced record numbers this week, raising $1.8m (£1.4m) from a range of activities during 2017 with $493k (£365k) being awarded in scholarships and grants during the same year.
This record success has grown under Deborah Sexton’s leadership as CEO, a position she has held since 2005. In a recently announced move, Sexton will hand over as president and CEO to Sherrif Karamat, the current COO. Karamat has worked with Sexton since 2005 and originally joined the organisation as vice president of sales in 2003. He became COO in 2008. He officially begins his new role as president and CEO on January 19.
Published Date: 11/01/2018