Cedar Fair Contract Extension

RNS Number : 0966H

Accesso Technology Group PLC

11 March 2015

 

11 March 2015

accesso® Technology Group plc

("accesso" or the "Group")

Cedar Fair Contract Extension

-  Contract with Cedar Fair Entertainment Co. to leverage accesso Passport® solution extended three years through 2017 -

- SaaS platform continuing to generate repeatable revenue stream for the Group -

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, today announces a three-year extension to its existing contract with Cedar Fair Entertainment Company ("Cedar Fair"): a leader in regional amusement parks, water parks and active entertainment.  The extension will see the Group continue to provide Cedar Fair with the full suite of accesso Passportticketing and eCommerce solutions for its venues across North America.

The original Cedar Fair agreement, signed in 2011, was an early indication of accesso's commitment to building relationships that would help partners manage the shift from traditional platforms towards mobile and online commerce. Since that time, accesso has been instrumental in helping Cedar Fair deliver a seamless user experience, improving advanced and on-site sales as well as driving significant cross and up-selling opportunities.

The renewal extends this mutual opportunity for a further three years, and is another example of accesso's increasing importance to clients that place the quality of user experience at the heart of their operations. As well as helping Cedar Fair to better serve their customers, the accesso Passport Software-as-a-Service (SaaS) solution is becoming core to many parks, which in turn allows the group to benefit from a long term and repeatable revenue stream.

Commenting, Tom Burnet, Chief Executive Officer of accesso Technology Group plc said:

"Building resilient long term relationships is an essential element of the Accesso strategy.  I'm proud that Cedar Fair, one of the largest regional amusement-resort operators in the world, has agreed to extend our relationship.  They are a great example of how Accesso Passport can be a real driver of growth for the attractions it serves, and we look to continuing that success over the coming years."

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP	[phone]
Matt Dixon, Lucy Delaney, Adam Davidson
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan, Brendan Gulston
Numis Securities Limited	[phone]
Etienne Bottari, Simon Willis, Mark Lander

accesso® Technology Group: about us

About accesso^® Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to the leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators whilst improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

·      We drive attendance

The accesso Passport^® and ShoWare™ ticketing suites are comprehensive, easy-to-use cloud solutions that process tens millions of tickets every year for assigned seat and general admission venues, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

·      We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support.  It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

·      We take guests out of line

Since 2001 over ten million guests have used a patented accesso LoQueue^SM solution to queue less, ride more, enjoy a better experience and increase in-attraction spend.

·      We simplify point-of-sale

Our Siriusware™ point-of-sale solution offers software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided millions of guests with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

More than 900 attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues and sporting events to ski and snow parks.  We are proud that our solutions are trusted by the majority of the leading names in the leisure industry, including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes, and Herschend Family Entertainment.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com. 

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