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The deal will give StubHub's larger sellers access to the New Jersey-based company's 'easy and efficient' inventory management solutions
By IQ on 15 Jul 2016
StubHub is going shopping again.
The eBay-owned secondary ticketing platform today announced the acquisition of Ticket Utils, a Saddle Brook, New Jersey-based developer of software for ticket management and distribution, for an undisclosed sum.
The deal will, says StubHub, give its power sellers access to a “best-in-class solution for inventory management, ticket distribution and internationalisation of their inventory”. Ticket Utils’s software offers functionality for auto-invoicing, barcode and PDF management, maps and seating charts and a “broker hub” with one-click broker-to-broker transactions and a chat tool.
“Ticket Utils is an example of the ways in which we are listening to our customers and working to improving their selling experience”
“Ticket Utils has a strong history of providing large ticket sellers a sophisticated tool for managing their inventory,” says the company’s president, Brian Hampel, “and with StubHub, we’ll be able to expand our reach and increase sellers’ success even further. Scaling globally is an opportunity for growth, and we’re especially focused on introducing StubHub sellers to the ease and efficiency of entering new markets with Ticket Utils’s inventory solution.”
“As StubHub seeks to become a truly global brand, we are working on new ways to ensure that sellers have effective, useful tools to better manage their inventory, pricing, distribution and internationalisation,” adds StubHub president Scott Cutler. “Ticket Utils is an example of the ways in which we are listening to our customers and working to improving their selling experience, which is a benefit to our business and theirs.”
StubHub in late May acquired rival resale site Ticketbis, giving it a major presence in the Asian market for the first.
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