West Hollywood-based Ticketmaster is buying Irvine’s Paciolan, one of its few competitors in the ticket business.
Terms of the deal weren’t disclosed.
Privately held Paciolan provides software for sports teams, museums and others to issue their own tickets. It also provides fundraising and marketing services for events.
Paciolan has won business away from Ticketmaster, including 2006’s landing of the University of Southern Mississippi and its sports teams.
Notable Paciolan customers include the Ottawa Senators, San Diego Padres, Philadelphia Phillies, the American Museum of Natural History and the Boston Museum of Fine Arts.
Paciolan’s software was used to sell about 120 million tickets last year, roughly 25% of all live event tickets sold in the U.S., according to the company’s Web site.
Its primary shareholders are made up of venture capitalists.
Ticketmaster’s parent, Barry Diller’s IAC/InterActiveCorp, had about $6 billion in sales last year.
Paciolan is set to continue operating from its Irvine office and keep its management team in place.
