TicketManager Gains $110 Million Investment
Private equity firm Valeas Capital Partners acquires a majority stake
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."
👋 Disclosures & Transparency Block
This story was written with information sourced from TicketManager’s press release.
We covered it because of its relevance to the live events industry.
