New Zealand based cinema software and analytics company, Vista Group International has acquired Ticketsoft. Founded in 2001 and based in Dallas, Texas, Ticketsoft’s cinema management software systems 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 supplies software to cinema exhibitors including installations in over 950 U.S. cinemas totaling 11,300 screens.
The companies believe that 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 Vista software and the support that Vista provides to customers in the U.S. and in more than 60 other countries around the world. Philip Wood, the founder and president of Ticketsoft, will continue working with Vista to ensure a seamless customer experience throughout the integration process.
Vista U.S. president, Derek Forbes said, “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.”
Wood said, “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.”
Vista Group International www.vistagroup.co