Vista Group acquires cinema software firm Retriever Solutions
Vista Group International, a New Zealand-based film industry technology provider, said that Vista Cinema has wrapped up the $6.5 million acquisition of the assets of Retriever Software, a US cinema software company that trades as Retriever Solutions.
Based in Denver, Retriever Solutions is engaged in providing fully integrated theatre management, web solutions, point-of-sale, and IT products for movie theatres and other retail environments.
Through the deal, Vista Cinema has gained access to Retriever Solutions’ software, intellectual property and customer relationships covering over 200 sites.
Kimbal Riley — Vista Group CEO said: “Ed Kearney, Retriever’s founder, and the rest of the Retriever team have developed great cinema management software and built a loyal customer base over a number of years. By joining forces with Retriever, Vista Cinema cements its position as the world’s leading software company serving the cinema industry.”
The employees of Retriever Solutions have been provided employment and will continue to operate from the firm’s offices in Michigan and Colorado, said Vista Group.
According to Vista Group, the acquisition further bolsters the market share of Vista Cinema’ in the US and creates new opportunities for Vista Cloud, its new flagship product.
Leon Newnham — Vista Cinema CEO said: “We’re constantly innovating and evolving our technology, that’s why we launched Vista Cloud to the market last year to sit alongside our other products like Veezi.
“Now we’re excited to bring on a great team of people at Retriever who share our passion for cinema and innovation, and work with amazing new exhibitors to give audiences even better experiences in future.”