Ann: ASSET: VGL: Vista confirms completion of Ticketsoft acquisition

• Release Date: 23/03/15 08:44
• Summary: ASSET: VGL: Vista confirms completion of Ticketsoft acquisition
• Price Sensitive: No
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					VGL
23/03/2015 08:44
ASSET
PRICE SENSITIVE
REL: 0844 HRS Vista Group International Limited

ASSET: VGL: Vista confirms completion of Ticketsoft acquisition

Market Announcement
23 March 2015, Vista Group International Ltd, Auckland, New Zealand
Vista confirms US acquisition of competitor Ticketsoft.

Vista Group International (Vista) has today completed the agreement to
acquire the assets of US-based cinema software company, Ticketsoft, including
customer licences, intellectual property and employees. All conditions have
been fulfilled, including obtaining the consent of Ticketsoft customers,
representing a minimum 85% of targeted revenue.
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. This
acquisition is a quality addition to Vista, and continues our international
growth strategy by expanding our existing presence and enhancing our service
proposition in the North American market."
Founded in 2001 and located in Dallas, Texas, Ticketsoft cinema management
software solutions are installed in more than 200 cinemas across North
America representing more than 2,000 cinema screens.
Cinemas of all sizes rely on Ticketsoft's leading edge software for their
point of sale (ticketing and concessions), self-service kiosk, internet and
mobile ticketing, gift and customer loyalty cards, real time management and
analysis, and large-scale-enterprise corporate office systems.
Providing a wider portfolio of similar products, Vista Entertainment
Solutions (VES), a Vista Group company, is the worlds' leading supplier of
software to cinema exhibitors including installations in over 950 cinemas
representing 11,300 screens in the USA.
The 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 VES software and the support that VES provides to
customers in more than 60 countries including the USA.
Philip Wood, the founder and CEO of Ticketsoft will continue working with VES
to ensure a seamless customer experience throughout the integration process.
Mr Wood said of the acquisition, "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."
Mr Holdaway said: "We are pleased to welcome Philip and his team to Vista and
we look forward to extending the technological capability of our existing
team through access to a new group of exceptionally skilled staff."
Vista Group International continues to maintain guidance as provided at the
time of the Initial Public Offer of shares and will update the market as
necessary.
Brian Cadzow
Director, Finance and Legal
Vista Group International Ltd
Contact: +64 9 984 4570

About Vista Group International:
Vista Group International (Vista Group) is a public company, listed on both
the New Zealand and Australian stock exchanges (NZX: VGL; ASX: VGI). Vista
Group provides cinema management, film distribution and customer analytics
software to companies across the global film industry. Cinema management
software provided by Vista Entertainment Solutions is the core business of
the Group. Veezi, MACCS, Movio and Numero products leverage the success of
this platform into other parts of the film industry; from production and
distribution, to cinema exhibition and through to the movie-goer experience.
It is estimated that in excess of a billion cinema tickets are processed
every year through Vista products. Vista Group has over 250 staff across six
offices in New Zealand (Auckland headquarters), Australia, the USA, the UK,
the Netherlands and China.
About Vista Entertainment Solutions (VES):
Vista Entertainment Solutions is the world leader in cinema management
software solutions with installations in more than 60 countries across all
continents and an estimated 37% global market share in the large cinema
circuit market. The Vista cinema management product line is both integrated &
scalable, suited to cinema exhibitor's operating 20+ screens and up to 100's
of cinemas.  Vista software comprises multiple software modules required to
deliver optimal Box Office returns, total cinema management and both internal
and external analysis and reporting.
For further information:
www.vistagroup.co.nz
www.vista.co
www.ticketsoft.com
End CA:00262145 For:VGL    Type:ASSET      Time:2015-03-23 08:44:58