DTI Management has named industry veteran Rey del Valle as its new chief financial officer.
Del Valle moves to the Virginia-based broker service, which has partnerships with StubHub, SeatGeek and Ticketmaster, after serving as the senior vice-president of finance at AXS Ticketing. While in that post he oversaw several large transactions, including the successful acquisitions of Veritix and Transticket. He was also responsible for the processing of more than $2.5B in annual transaction volume through the AXS platforms.
Del Valle also spent four years at Ticketmaster as senior vice-president of finance for ecommerce and technology from 2011 to 2015. He has also held financial leadership roles with Guitar Center, MTV Networks, and The Walt Disney Company.
Del Valle joins DTI just months after it received $75m (£61m/€68m) in funding from investment groups CVC Growth Fund and New Amsterdam Growth Capital.
“DTI Management is excited to welcome Rey to the team,” said Curtis Cheng, DTI’s chief executive. “Our mantra for 2017 is to bring together the brightest minds in ticketing with the brightest minds in technology.
“We chose him as our new CFO because of his experience in the ticketing industry, and his proven track record of success in building and leading world class financial teams. His initial priorities at DTI will be to enhance reporting for our members and for rights holders, evaluate and enhance the company’s financial controls and implement a rigorous risk assessment methodology on all future DTI ticket acquisitions and partnerships.”
Del Valle joins DTI Management two months after the company acquired digital ticket software and services supplier 1Ticket.
“I am thrilled to be named DTI’s new CFO,” said Del Valle. “This is a $10bn industry that shows no indication of slowing down anytime soon. Curtis and the DTI team have built a great business with strong momentum and put the company in position to achieve a leadership role. I want to be a part of that.”