Clearlake Capital Group and Clearlake operating advisor Sam Soni have acquired Ticket Evolution Inc (Ticket Evolution), an end-to-end software provider for the event ticketing industry.
The acquisition was completed through Victory Live, an event management and ticketing technology platform backed by Clearlake and Soni, who is a specialist in the multi-billion-dollar premium ticket and sports hospitality event industry.
Financial terms of the transaction have not been disclosed.
Ticket Evolution manages thousands of sports and events tickets on behalf of both professional ticket resellers and rightsholders through an established B2B marketplace with distribution capabilities. The Company’s offerings include both a full-service and an automated SaaS platform providing operational needs to ticket distributors, including ticket fulfilment and delivery. These software solutions are complemented by Ticket Evolution’s pricing intelligence platform, which enables automated price changes in response to market fluctuations or pricing strategies.
Sidley Austin LLP acted as legal advisor to Clearlake and VictoryLive. Nutter McClennen & Fish LLP acted as legal advisor to Ticket Evolution.
