Skip to main content

Festicket acquires Event Genius and Ticket Arena

Festicket, the U.K.-headquartered festival booking platform, has acquired U.K.-based ticketing and cashless point-of-sale (POS) platform Event Genius. The sale also includes Event Genius’s consumer facing brand, Ticket Arena, while further terms of the deal aren’t being disclosed.

Founded by Reshad Hossenally, Event Genius offers a complete event solution for event organisers, spanning things like online ticket sales, POS software, ticket scanning, seat reservations, marketing and analytics. It has powered major events including Wales Rally GB, Motion Bristol, Annie Mac’s Lost & Found Festival, Summer Daze, Ibiza Rocks and BPM Festival.

Festicket co-founder and CEO Zack Sabban tells me that over the last couple of years the company has invested heavily in the B2C side of its platform to help users discover new festival experiences and book festival trips, and this year that has paid off with accelerated growth from long tail events. Therefore, in order to continue on this growth trajectory, it was agreed with the board that Festicket needed to invest more in B2B tools to operationally scale the way it works with its network of ~8,000 suppliers.

“Giving them more independence on the Festicket two-sided platform via self-service tools would allow us to be more deeply integrated into suppliers’ supply chains and ultimately optimise our units economics,” he says. The Event Genius acquisition is clearly the start of this.

To that end, the resulting “Event Genius by Festicket” will be an end-to-end platform for organisers and fans alike, says Festicket, providing a complete offering for the live entertainment industry.

The platform aims to bring together “technology and expertise” covering ticketing, accommodation, travel & packages, marketing, data & analytics, access control, POS/cashless payment services, fan engagement tools, and more.

Meanwhile, Event Genius’s 20+ staff, based in Leeds in the U.K., are joining Festicket. This also includes Event Genius founder Hossenally, who becomes Festicket Chief Supply Chain Officer.



from Startups – TechCrunch https://ift.tt/30CZV9F
Labels:

Comments

Post a Comment

Popular posts from this blog

Thousands of cryptocurrency projects are already dead

Two sites that are actively cataloging failed crypto projects, Coinopsy and DeadCoins , have found that over a 1,000 projects have failed so far in 2018. The projects range from true abandonware to outright scams and include BRIG , a scam by two “brothers,” Jack and Jay Brig, and Titanium , a project that ended in an SEC investigation. Obviously any new set of institutions must create their own sets of rules and that is exactly what is happening in the blockchain world. But when faced with the potential for massive token fundraising, bigger problems arise. While everyone expects startups to fail, the sheer amount of cash flooding these projects is a big problem. When a startup has too much fuel too quickly the resulting conflagration ends up consuming both the company and the founders and there is little help for the investors. These conflagrations happen everywhere are a global phenomenon. Scam and dead ICOs raised $1 billion in 2017 with 297 questionable startups in the mix. The
Post a Comment
Read more

Dance launches its e-bike subscription service in Berlin

German startup Dance is launching its subscription service in its hometown Berlin. For a flat monthly fee of €79 (around $93 at today’s exchange rate), users will get a custom-designed electric bike as well as access to an on-demand repair and maintenance service. Founded by the former founders of SoundCloud and Jimdo , the company managed to raise some significant funding before launching its service. BlueYard led the startup’s seed round while HV Capital (formerly known as HV Holtzbrinck Ventures) led Dance’s €15 million Series A round, which represented $17.7 million at the time. E-bike subscription service Dance closes $17.7M Series A, led by HV Holtzbrinck Ventures The reason why Dance needed so much capital is that the company has designed its own e-bike internally. Called the Dance One, it features an aluminum frame and weighs around 22kg (48.5lb). It has a single speed and it relies on its electric motor to help you go from 0 to 25kmph. And the best part is that you
Post a Comment
Read more