Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  News  >  Companies

News : Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

Vector Capital : Acquires Patron Technology

share with twitter share with LinkedIn share with facebook
09/24/2020 | 08:04am EDT

Vector Capital, a leading private equity firm specializing in transformational investments in established technology businesses, today announced its investment in Patron Technology (“Patron”), a premier event technology platform.

Patron offers a full-suite of event technology solutions for live, virtual, and hybrid events designed to transform the attendee experience. The company empowers event organizers at conventions, sports arenas, music venues, performing arts festivals, and other attractions to tailor their ticketing, mobile, experiential marketing, and cashless products to fit each of their vertical-specific needs. Patron's seasoned management team, led by Chief Executive Officer Marc Jenkins, is remaining with the business.

“We are excited to back Patron as they successfully navigate unprecedented, COVID-induced, market disruption in the live events industry,” said Rob Amen, Managing Director at Vector Capital. “Vector excels at investing during periods of significant dislocation and we believe Patron’s best-in-class product suite and proven executive team position it well to transcend this crisis. We are confident that our growth investment will enable Patron to not only outlast this global pandemic but to emerge stronger than ever on the other side of it.”

Mr. Jenkins stated: “This is an exciting and important day in our company's history. It kicks off a fresh new partnership alongside the thoughtful investment team at Vector. We are eager to work with them to propel our business through the age of social distancing and beyond. I’m extremely proud to be part of such an amazing team, past and present, that works tirelessly to serve our world-class clients.”

In response to COVID-19, Patron’s expert team was able to pivot and develop a fully-integrated virtual events solution, complete with a suite of ticketing and experiential tools. With these features, in addition to the company’s already extensive technology toolkit, Patron became the first of its peers to offer a complete solution for any combination of online and in-person events.

“With a great set of products, a strong balance sheet, and a management team unparalleled in its industry, Patron is well positioned to grow over the coming years,” added Tom Smith, Vice President at Vector Capital. “We look forward to partnering with Marc and his team as they continue to grow from this new position of strength and renewed investment.”

About Patron Technology
Patron Technology’s limitless event technology solution is redefining what it means to be an event creator. With its ever-evolving suite of tools, organizers can take control of their entire event, transform the attendee experience, and be a leader in their industry. Whether an organizer wants to create an in-person event, a fully virtual experience, or anything in between, Patron Technology’s team and technology are fully equipped with everything an organizer needs. For more information visit patrontechnology.com.

About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With approximately $4 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit vectorcapital.com.

© Business Wire 2020

share with twitter share with LinkedIn share with facebook
Latest news "Companies"
05:59pSMARFINANCIAL : 3Q Earnings Snapshot
05:59pHOULIHAN LOKEY : Irwin Gold on the Recovery of U.S. Companies
05:59pORION MINERALS : Appendix 3B - Proposed issue of Shares
05:59pORION MINERALS : Notice of Annual General Meeting/Proxy Form
05:59pProfessor Sir Hilary Beckles calls for multi-donor trust fund for higher education and research in the Caribbean
05:59pLENDLEASE : 2020 Notice of Meetings
05:59pCTEEP COMPANHIA DE TRANSMISSÃO DE ENERGIA : 10/20/2020 Notice to the Market - Chief Projects Officer
05:56pPG&E : Forecasted High Wind Event Means PG&E Might Need to Proactively Turn Off Power for Safety for About 54,000 Customers in Portions of 19 Counties and Two Tribal Communities on Wednesday
05:56pEXCLUSIVE : U.S. trial of AstraZeneca COVID-19 vaccine may resume this week - sources
05:55pVALID SOLUÇÕES S A : Minutes of Board of Directors´ Meeting - Approval of the Company's Securities Trading Policy
Latest news "Companies"