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Revealed Oct 09, 2024 • 3 minute learn
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BOCA RATON, Fla. & ATLANTA — Logitix (or the “Firm”) introduced right this moment that it has accomplished the sale of the Firm to Victory Stay, a ticketing expertise platform. Logitix was beforehand owned by non-public fairness agency ZMC.
Logitix offers complete ticket stock administration options to assist sports activities properties, performing arts operators, venues, promoters, different rightsholders, and resellers optimize ticket gross sales and income by way of dynamic pricing and distribution providers. Victory Stay is a expertise platform centered on sports activities and leisure, occasion administration, knowledge and ticketing software program.
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“We’re very pleased with what now we have constructed over the previous a number of years with ZMC’s help,” mentioned Stu Halberg, Chief Govt Officer of Logitix. “We see immense advantages and vital development alternatives by way of this new partnership. The mixture of Victory Stay’s spectacular crew, blue-chip companions, and investments in expertise will play a precious function in increasing the alternatives now we have developed at Logitix, offering us with the dimensions and world footprint we have to obtain our imaginative and prescient and guarantee long-term development.”
“We’re thrilled to welcome Logitix to the Victory Stay platform and consider that the acquisition represents a chance to speed up development and drive worth for reside occasions rightsholders, skilled ticket resellers and affiliate companions,” mentioned Curtis Cheng, President of Victory Stay. “We’ve got loved a long-standing business relationship with Logitix over time, and we look ahead to bringing the Firm into the fold as a part of our unified and built-in group.”
ZMC’s partnership with Logitix started in 2018 following a focused seek for companies poised to profit from the rising sophistication of the ticketing ecosystem. Logitix has achieved vital growth underneath ZMC’s possession, executing strategic acquisitions and institutionalizing operations to satisfy buyer demand. ZMC helped information Logitix by way of the pandemic after the reside occasion business was delivered to a standstill in 2020.
“We take nice satisfaction in how Logitix persevered by way of the pandemic and emerged as a number one participant, pushed by an impressive administration crew and a gifted group of workers,” mentioned Jordan Turkewitz, ZMC’s Co-Chief Funding Officer and Managing Companion. “Once we started our partnership, Logitix was a founder-owned enterprise with a novel expertise round ticket pricing. At present, it’s a world thought chief throughout the ticketing ecosystem, addressing your complete lifecycle of a ticket from rightsholder to shopper. We really feel lucky that we had the chance to work with the Firm throughout this section of its development and stay enthusiastic about Logitix’s prospects.”
Logitix provides quite a lot of reside occasion ticketing services and products. Along with stock administration by way of its Logitix One platform, Logitix additionally was the primary to market with an Open Distribution product, integrating major ticketing platforms with different marketplaces permitting for simultaneous major and secondary stock listings. Logitix additionally provides automation instruments for skilled resellers, a set of APIs bringing ticket stock to new distribution channels within the journey, hospitality, and loyalty business, and an information product delivering reside occasion ticketing insights to quite a few buyer segments.
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Evercore served as monetary advisor and Lowenstein Sandler served as authorized advisor to Logitix. BofA Securities and Moelis & Firm LLC acted as monetary advisors and Sidley Austin acted as authorized advisor to Victory Stay.
About ZMC
ZMC is a number one non-public fairness agency comprised of skilled traders and executives who put money into and handle a various group of media, leisure, communications and expertise enterprises.
Based in 2001, ZMC’s funding philosophy facilities on operational worth creation pushed by focused funding themes, deep sector experience, and robust partnerships with business and working executives. ZMC approaches its investments in collaboration with administration groups and has a profitable observe report of actively including worth to portfolio firms. For extra info, go to www.zmclp.com.
About Logitix
Logitix is the preeminent monetization engine and ticketing platform for the reside occasion business, combining optimized pricing, distribution, and stock administration with real-time insights to assist sellers and patrons reply to a quickly altering market setting. The Logitix imaginative and prescient is to automate your complete ticket life cycle and supply data-driven insights to serve the various wants of its purchasers. For extra details about Logitix, go to Logitix.com or discover them on LinkedIn.
About Victory Stay
Based in 2021 and primarily based in Atlanta, GA, Victory Stay is a expertise platform centered on sports activities and leisure, occasion administration, knowledge and ticketing software program that gives an end-to-end platform for the ticketing business, managing hundreds of sports activities and occasions tickets on behalf of each reside occasions rightsholders {and professional} ticket resellers. Extra info is obtainable at www.victorylive.com.
View supply model on businesswire.com: https://www.businesswire.com/information/residence/20241009861330/en/
Contacts
Logitix
Eric Nemeth
602-502-2793
nemeth@ericpr.com
ZMC
Sheila Dharmarajan
dharmarajan@zmclp.com
Victory Stay
Jennifer Hurson
845-507-0571
jhurson@lambert.com
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