TicketManager Gains $110 Million Investment

TicketManager, a global leader in event ticket and guest management solutions for corporate enterprises, has received a $110 million investment from Valeas Capital Partners to support the company's strategic growth plans.

The company:

• TicketManager was founded in 2007.

• As per its press release, it provides "software and services to manage end-to-end event ticket workflow and guest experiences."

• Citing the fact that companies spend $600 billion on corporate entertainment annually, yet 43% of corporate tickets go unused, it also states that fewer than 20% of organizations use modern software to optimize those investments.

• Utilizing "best practices in process and technology," TicketManager claims to eliminate "thousands of hours of manual work," boost "utilization of ticket assets," and provide real time analytics.

• The platform integrates with approximately 400 venues and teams worldwide.

The deal:

• The transaction is expected to close this month.

• TicketManager Co-Founder/Chief Executive Tony Knopp and Chief Operating Officer Ken Hanscom will retain a minority interest in the company.

What they said:

• Tony Knopp: "Valeas'... experience scaling high growth, tech-enabled business will be helpful as we execute our growth plan, build the category and scale our company."