SFX Entertainment Acquires Paylogic
December 4, 2013 at 4:00 AM (PT)
SFX ENTERTAINMENT, the world’s largest producer of live events and entertainment content focused primarily on electronic music culture, has acquired 75% of PAYLOGIC, a leading new generation ticketing company in Europe. The company is valued in the deal at approximately $22 million.
"PAYLOGIC has consistently proven its ability to handle unprecedented ticket requests,” said SFX Chairmas/CEO ROBERT F.X. SILLERMAN. “This kind of technical skill will be invaluable to us as we connect the millions and millions of EMC fans to the content and events they love, and to each other through integrated social media."
“It is very exciting to become part of this growing, worldwide EMC company, SFX,” said PAYLOGIC CCO JAN WILLEM VAN DER MEER. “We will have the opportunity to further advance and develop the most optimal ticketing and data solutions for this market and beyond: web, mobile and social. SFX clearly has a strong vision on how this market will develop and how important supporting the right data strategy for event organizers and delivering great product design and social integrations will become. SFX has the digital partners, brands and strategy that can really make a difference. We are excited that we can play a big role in this incredible journey.”