Christie Group plc has completed the disposal of its visitor attraction software business Vennersys.
Christie, which has operated for more than 125 years, is today a provider of professional & financial services, as well as stock & inventory systems & services to the hospitality, leisure, healthcare, medical, childcare & education and retail sectors.
Vennersys provides ticketing and electronic point-of-sale solutions to UK visitor attractions. As at 31st December 2024, Vennersys held gross assets of £1.43 million and generated a loss before tax and extraordinary items of £1.57m.
London-based Christie Group said its sale to Exeter-based Digital Ticketing Systems, which trades as DigiTickets, will enable it to focus investment on its core brands.
“We are pleased to have smoothly concluded the sale of Vennersys and we wish all of the customers and staff who have transferred as a result of the sale, a successful future under new ownership. We are pleased to now be able to focus our time and resources on developing our core brands,” said Dan Prickett, Christie group CEO.
“I am also delighted that Paul Harding has agreed to remain with the group and will continue to work alongside me and our board colleagues until the AGM in June. I would like to place on record my personal thanks to Paul for his professionalism and commitment in 25 years of working for Christie Group since joining when Orridge was acquired in 2001.
“Paul will leave with our thanks and very best wishes for the future for himself, his wife Angie and his family. We shall continue to count him as a friend and supporter of the group.”
The deal is for an initial cash consideration of £500,000 and up to £900,000 of additional retained consideration payable within 18 months, should certain targets be met.