TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners (“Valeas”), a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company.

Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

“Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending,” said Tony Knopp, CEO and Co-Founder of TicketManager. “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

“In today’s environment where investments into customer entertainment are increasingly viewed as a critical driver of client engagement, businesses are prioritizing measurable returns on investment. TicketManager has established itself as the category leader in its space, helping deliver actionable insights and analytics to businesses that link ticket usage to business outcomes,” said Ed Woiteshek, Co-Founder and Managing Partner of Valeas Capital Partners. “With its innovative platform and strong customer base, we believe TicketManager is well-positioned to capitalize on increasing demand for data-driven event management solutions and look forward to supporting their strategic growth plans.”

Mr. Knopp continued, “Valeas shares our focus on partnership and long-term vision. Their experience scaling high-growth, tech-enabled businesses will be helpful as we execute our growth plan, build the category and scale our company.”

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