TopTix and SeatGeek executive and industry veteran Fred Maglione is leaving the firms to relaunch his consultancy business.
Maglione became executive chairman Americas at TopTix in 2015, but departs six months after it was taken over by SeatGeek in a $56m (€52m/£44m) deal.
Maglione has more than 40 years of experience within the ticketing industry and has worked with various organisations in the live sports and entertainment business.
Maglione will offer his expertise in supporting business owners to scale up through developing strategies for fundraising, domestic and international sales, product positioning, management of acquisitions or a successful exit.
He said: “I started with TopTix as a consultant to help the founders, Yehuda Yuval and Eli Dagan, develop their strategy for North America and explore the opportunity to raise additional funds to grow the business.
“As I learned more about the power of their technology platform SRO, I was hooked and came on full time as their executive chairman Americas.
“The goal was to either find a partner or strategic investor to help us grow the business. Mission accomplished with the SeatGeek merger this past April.”
SeatGeek said it can “deliver the most powerful ticketing platform in the industry” after completing its acquisition of TopTix in April.
Maglione continued: “Now that the dust has settled and the two companies are working as one, it’s time for me to move on and start my next project.
“I’ve had an interesting and varied career in this industry, from working with venue managers to educate them on how and why to sell tickets on this ‘thing’ called the Internet in the early ‘90’s; to working with the Italian Lottery when they launched TicketOne (later acquired by Eventim).
“There’s a lot of value I can bring to the right organisations.”
During his career, Maglione has helped companies negotiate exits with a cumulative valuation of more than $130m.
“Fred played a key role in SeatGeek and TopTix coming together,” said SeatGeek co-founder Russ D’Souza. “Fred quickly saw the potential of SeatGeek Open and how SRO would complement and accelerate our strategy.”
In addition to TopTix, Maglione is the former chief executive of Comcast Spectacor subsidiary New Era Tickets and FanOne Marketing, and held senior management roles, both domestically and internationally, with Tickets.com, Select Technologies, Globe Information Systems and the NBA basketball franchise the Philadelphia 76ers.
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