VGL
21/12/2015 14:53
ASSET
NOT PRICE SENSITIVE
REL: 1453 HRS Vista Group International Limited
ASSET: VGL: VGL - Vista Group to acquire stake in Share Dimension
Market Announcement
Vista Group International to Acquire Stake in Share Dimension, the makers of
'Cinema Intelligence'
The partnership will bring advanced Business Intelligence Solutions to the
global motion picture industry.
Auckland, New Zealand; Amsterdam, The Netherlands; 21 December 2015: Vista
Group International Ltd ('Vista') announces that a strategic partnership
transaction with Share Dimension, a Dutch software development company
specializing in predictive analytics business intelligence solutions for
cinema exhibitors is substantially complete. The transaction, which will
complete on 4 January 2016, will see Vista owning 50% equity and will further
fuel Share Dimension's strong ambitions for the coming years.
Share Dimension is an international leader in business intelligence and
predictive analytics applications for the cinema industry. Their flagship
product, Cinema Intelligence, offers a collection of modules aimed at
optimizing the scheduling of films to increase the profitability of cinema
exhibitors. Using an algorithm to predict the 'optimal' positioning, in
scheduling terms, of a film, the Share Dimensions' offer combines advanced
forecasting based on historical box office data with leading edge film
scheduling technology.
"I have known Claudiu Tanasescu, founder of Share Dimension, for a number of
years and have always been impressed and excited by the technology that he
and his team have made available to the industry", said Murray Holdaway,
Chief Executive of Vista Group. "We look forward to welcoming Share Dimension
to Vista Group and to making our people, our infrastructure, our credibility
and our reputation available to support the growth of an already remarkable
business. Our endorsement of the offer is clear and we're delighted at the
increased economic opportunity for cinema exhibitors that this partnership
will create."
"Combining 'Cinema Intelligence' and Vista is all about giving customers
powerful tools to enhance their business," said Claudiu Tanasescu, CEO of
Share Dimension. "The partnership significantly expands and strengthens Share
Dimension's product, geographic reach and channels to market. Together, among
other things, we can bring to our customers our unique expertise in business
intelligence and advanced predictive analytics, to power their business
decisions around the buying and scheduling of films."
This investment continues Vista's strategy of investing in high quality and
high growth global film industry software solutions since listing on the New
Zealand and Australian stock exchanges in August 2014. "We will leverage the
existing scale and reach of the Group to facilitate and accelerate Share
Dimension's growth opportunities," said Kirk Senior, Chairman of Vista Group.
"We are delighted by the transaction and with our new partner."
About Share Dimension Cinema Intelligence
Share Dimension is a software development company based in the Netherlands
specializing in state of the art business intelligence and predictive
analytics applications for the cinema industry. Share Dimension is the
creator of 'Cinema Intelligence', the first collection of business
intelligence solutions aimed at cinema exhibitors designed to optimize
forecasting, planning and scheduling of movies, alternative content and
corporate events and increase profitability. The sophisticated algorithm
developed by Share Dimension combines advanced forecasting based on
historical box office information with cutting edge scheduling technology.
Founded in 2005, Share Dimension has offices in the Netherlands and Romania
and sales partners in Germany and the USA.
Website: www.cinemaintelligence.com
Twitter: @Cinema_Intel
LinkedIn: www.linkedin.com/company/share-dimension-b-v-
About Vista Group International
Vista Group International (Vista Group) is a public company, listed on both
the New Zealand and Australian stock exchanges (NZX & ASX: VGL). Vista Group
provides cinema management, film distribution and customer analytics software
to companies across the global film industry. Cinema management software is
provided by Vista Entertainment Solutions, the core business of the Group.
Movio (data analytics), Veezi (cloud-based SaaS software for the Independent
Circuit Market), MACCS International (film distribution software), and Numero
(box office reporting software for film distributors and cinemas) provide
products that leverage the success of this platform into other parts of the
film industry; from production and distribution, to cinema exhibition through
to the moviegoer experience. Vista Group has over 300 staff across six
offices in New Zealand (Auckland headquarters), Australia, the USA, the UK,
the Netherlands, and China.
Website: www.vistagroup.co
LinkedIn: www.linkedin.com/company/vista-group-limited
Brian Cadzow
Director - Commercial and Legal
Vista Group International Ltd
Contact: +64 9 984 4570
End CA:00275504 For:VGL Type:ASSET Time:2015-12-21 14:53:47
