Ticketek Acquires NZ Ticketing Business Eventfinda

Ticketek Entertainment Group (TEG), Australasia’s leading integrated live entertainment business, has acquired New Zealand-founded ticketing and events discovery platform Eventfinda.

The details:

• Eventfinda began in 2006 as an online events calendar and has evolved into New Zealand’s largest independent ticketing provider.

• TEG, the parent company of Ticketek, says Eventfinda will expand its offering with fit for purpose ticketing functionality for small to mid-tier venues and events.

• As per the joint statement, the acquisition meets Eventfinda’s desire for geographic expansion and investment in its product, while TEG “becomes better equipped to enter a growing segment of the market that it has not focused on until now.”

• No financial details have been disclosed.

• There will be no changes to the Eventfinda brand, team and clients.

• The acquisition is subject to customary conditions, including satisfactory engagement with the New Zealand Commerce Commission.

What they said:

• Cameron Hoy, Ticketek Entertainment Group's COO & Head of Global Ticketing: “The acquisition is strategically important for TEG, whilst enabling Eventfinda to scale quickly – it’s a win-win for both companies and for the industry as a whole.”

• James McGlinn, Eventfinda Co-Founder and CEO: “We are incredibly excited about the path forward from here. This is a fantastic opportunity for Eventfinda to expand globally while still delivering the high level of service and functionality it has become known for through our homegrown technology platform.”