SEG Client, ShowClix, receives investment from Providence Equity
PITTSBURGH, PA, July 31, 2017— Software Equity Group (SEG) announces its client, ShowClix, leading cloud-based provider of full-service event ticketing, has received a strategic investment by Providence Strategic Growth (“PSG”), the growth equity affiliate of Providence Equity, a global private equity firm with more than $50 billion in assets under management. SEG served as exclusive advisor to ShowClix.
ShowClix has a rich history of bringing to its customers industry leading innovations, such as the first iOS ticket scanner, a first of its kind handheld RFID admissions solution, and Agent, the industry’s first automated digital assistant. ShowClix recently launched several analytical tools that deliver actionable insights that help live event organizers manage participant engagement and grow their business. Founded in 2007, ShowClix has processed over a billion dollars in ticket sales across 37 countries with its internationalized ticketing platform.
"We've dedicated ourselves to going beyond simple event ticketing and ensuring the success of our clients and it is energizing to find a partner like PSG who shares our commitment to the growth of the event technology industry,” said Mr. Arnone. “We’re looking forward to leveraging PSG’s knowledge, resources and deep expertise in the segment in order to further enhance our customer commitment, accelerate our growth and continue our strong track record of innovation."
Gopi Vaddi, Managing Director, Providence Strategic Growth said, “ShowClix offers a compelling technology platform that helps its customers manage their event experience, and has a category leadership position in the rapidly expanding event industry. They are well-positioned to continue their product innovation momentum and expansion into new markets. We look forward to partnering with Brian and the rest of the ShowClix team as they enter their next phase of growth.”
“Brian is a proven and capable leader and I am pleased to leave the company in such good hands,” said Tom Costa, former ShowClix CEO. “Further, having spent time with Gopi and the PSG team during this transaction, I have no doubt that they are the right partners for ShowClix. Their knowledge of our space and the opportunity in front of ShowClix coupled with their investment approach made the transaction a simple and enjoyable process. I look forward to them bringing the same skills to bear for ShowClix and look forward to its success.”
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.