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ShowClix receives investment from Providence Equity
ShowClix’s scalable platform, strong executive team and category leadership serves as a strong platform for Providence Equity to accelerate growth and market leadership.
Harris Jones ,
Chairman
I have been exceptionally impressed with SEG's expertise, guidance, thoughtful negotiation, responsiveness, and overall professionalism. Without question, SEG stands clear of any ibankers that I have worked with over the years, and I assure you I have worked with many. SEG delivered everything they promised from day one."
- Harris Jones, Chairman, ShowClix
SEG served as exclusive advisor to ShowClix
Client Description
The company
ShowClix is a leading cloud-based provider of full-service event ticketing software.
The software
With its internationalized ticketing platform, ShowClix has processed over a billion dollars in ticket sales across 37 countries.
Headquarters
Pittsburgh, PA
Investor Description
The company
Providence Equity is a global private equity firm with more than $50 billion in assets under management.
Headquarters
Providence, RI
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PRESS RELEASE OVERVIEW
SEG Client, ShowClix, receives investment from Providence Equity
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.”