Vista Confirms US Acquisition of Competitor Ticketsoft
March 23 2015 - 3:56PM
Business Wire
New Zealand based cinema software and analytics company, Vista
Group International (Vista), has completed an agreement to acquire
the leading-edge software company, Ticketsoft.
Founded in 2001 and based in Dallas, Texas, Ticketsoft’s cinema
management software solutions are used by more than 200 cinemas
across North America, representing more than 2,000 cinema
screens.
Both large chain and independent cinema exhibitors use
Ticketsoft’s software for their point of sale, ticketing, loyalty,
management and analysis, and corporate office systems.
Murray Holdaway, Chief Executive of Vista Group, said, “We are
delighted to have reached agreement with a company that has
demonstrated consistent innovation and dedication to their
customers over a long period of time.”
Providing a wider portfolio of similar products, Vista
Entertainment Solutions (VES), a Vista Group company, is the
world’s leading supplier of software to cinema exhibitors including
installations in over 950 USA cinemas totaling 11,300 screens.
The integration of the two companies will progressively allow
for the provision of VES software to the Ticketsoft customer base,
delivering a number of immediate benefits to customers, including
support for recently mandated EMV credit card processing. Longer
term, benefits include access to the ongoing development of VES
software and the support that VES provides to customers in the USA
and in more than 60 other countries around the world. Philip Wood,
the founder and President of Ticketsoft, will continue working with
VES to ensure a seamless customer experience throughout the
integration process.
Vista USA President, Derek Forbes, comments, “I am excited to
welcome Ticketsoft’s team and customers to Vista. Philip and
his team have built a strong product for American cinemas. We
are looking forward to expanding on this offering with our own
innovation, and working with Ticketsoft’s exhibitor customers to
help them achieve even greater success at the box office and
throughout their businesses.”
Mr. Wood adds, “This transaction provides Ticketsoft customers
with an excellent outcome in terms of their ability to access the
latest technology and solutions available to cinema exhibitors. It
also provides an exciting future for our staff with an
international market leader.”
About Vista Group International:
Vista Group International (Vista Group) is a public company,
listed on both the New Zealand and Australian stock exchanges (NZX:
VGL; ASX: VGI). Vista Group provides cinema management, film
distribution and customer analytics software to companies across
the global film industry. Cinema management software provided by
Vista Entertainment Solutions is the core business of the Group.
Veezi, MACCS, Movio and Numero products leverage the success of
this platform into other parts of the film industry; from
production and distribution, to cinema exhibition and through to
the movie-goer experience. It is estimated that in excess of a
billion cinema tickets are processed every year through Vista
products. Vista Group has over 250 staff across six offices in New
Zealand (Auckland headquarters), Australia, the USA, the UK, the
Netherlands and China.
About Vista Entertainment Solutions (VES):
Vista Entertainment Solutions is the world leader in cinema
management software solutions with installations in more than 60
countries across all continents and an estimated 38% global market
share in the large cinema circuit market. The Vista cinema
management product line is both integrated & scalable, suited
to cinema exhibitor’s operating 20+ screens and up to 100's of
cinemas. Vista software comprises multiple software modules
required to deliver optimal Box Office returns, total cinema
management and both internal and external analysis and
reporting.
For further information:
www.vistagroup.cowww.vista.cowww.ticketsoft.com
MBCMaggie Begley, 310-390-0101Maggie@mbcprinc.com
VGI Partners (ASX:VGI)
Historical Stock Chart
From Jul 2024 to Aug 2024
VGI Partners (ASX:VGI)
Historical Stock Chart
From Aug 2023 to Aug 2024