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New accesso subsidiary off to quick start

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TRC Capital's offer was a low-ball one

Accesso Technology’s (LON:ACSO) newly acquired subsidiary VisionOne has signed new or renewed agreements for the ShoWare ticketing platform with eleven venues across the US, Canada, Mexico and Brazil.

Seven additional venues have agreed new contracts to leverage the ShoWare platform, including the Teton County Fair, Kiwanis Wyoming County Fair and Northland Performing Arts in the USA, the Cine Joia in Brazil, and independent producer Eduardo Paz and events companies Daniella Producciones and APM Producciones, all in Mexico.

These wins underline the strategic value of the acquisition to the group in extending accesso's ticketing sales opportunity into previously untapped leisure verticals and provide a profitable and repeatable revenue stream.

ShoWare ticketing is now used in more than 485 venues and leisure organisations throughout North and South America.

Tom Burnet, accesso’s chief executive, said: "I'm delighted that ShoWare is already making such a valuable contribution and is doing so in exactly the way we'd hoped.

“The rationale behind the acquisition was to help broaden our reach into new verticals, complementing our existing offering and expanding accesso's portfolio. We can now reach more widely into the leisure space, well beyond the markets we've traditionally served." Accesso acquired VisionOne for US$33mln last month.

Quick facts: Accesso Technology Group PLC

Price: 560 GBX

LSE:ACSO
Market: LSE
Market Cap: £230.81 m
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