News Column

Investment in Groupmatics Sparks Product Enhancements and New Business Development

May 20, 2014



Cleveland, OH (PRWEB) May 20, 2014

Zapis Capital Group, a Cleveland-based venture capital company, recently invested in Groupmatics, an internet-based, group-ticketing platform founded by local entrepreneur Matt Mastrangelo. The move signifies the next level of success for the two-year-old technology firm, which uses first-to-market technology to help professional sports teams and entertainment venues manage group ticket sales and collect attendee data.

"We were very impressed with Matt's background and his firsthand knowledge of the group ticking market," says Zapis of his team's decision to invest in Groupmatics. "He has effectively transformed an idea for automation into a smart technology platform that is proven to enhance the group ticket sales process and buyer experience in ways that truly impact ROI."

Groupmatics dramatically expedites the group ticket sales process for both group sales departments and group leaders. Using Groupmatics technology, a group sales rep creates a custom event page that the group leader sends to group attendees via email or social media. Invitees simply click the link to register for the event and purchase tickets through Groupmatics' secure system.

"Group sales has always been a cumbersome, paper-based process," said Mastrangelo, Founder/CEO of Groupmatics, on the inspiration for the concept. "In the last three years, we've shown how we can automate many steps, streamlining every aspect for the buyers and sellers. In addition, the platform allows teams to gather more buyer data then ever before for future marketing and promotion."

The investment has allowed the platform to be scaled for integration with primary ticket providers, which allows the Groupmatics platform to integrate seamlessly with many client systems. This will allow the company to grow the customer base across professional sports teams and major venues, with immediate focus on Major League Baseball. Groupmatics is also currently in talks with multiple arts and entertainment venues.

For more information, images, and interviews on Groupmatics, please contact Matt Mastrangelo at Matt(at)Groupmatics(dot)com or 216-407-4860. Read more about how Groupmatics is transforming group sales for teams and buyers at Groupmatics.com

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About Zapis Capital

Since 2003, Zapis Capital Group has partnered with entrepreneurs and management teams across numerous industries to accelerate growth and create value through a contribution of equity investments and business acumen.

From startups to turnarounds to mature businesses looking for a boost, the principals of Zapis Capital take an active role in our portfolio companies, offering strategic advice and helping solve unique challenges. The firm provides resources and contacts and more than 100 years of business management, sales, marketing, finance and development experience. For more information, contact Lee Zapis at Lee(at)ZapisCapital(dot)com or (440) 871-1300.

About Groupmatics

Groupmatics, headquartered in Cleveland, Ohio, is a first-to-market online-ticketing platform used by professional and collegiate sports teams and major entertainment venues to manage group sales and collect attendee data. The internet-based solution dramatically simplifies the group sales process for sellers and buyers, allowing promotion, management, and purchase to occur via a custom event page. Teams and venues improve the buying experience for group leaders and collect data for future promotional efforts. For more information, contact Matt Mastrangelo at Matt(at)Groupmatics(dot)com or 216-407-4860.

Read the full story at http://www.prweb.com/releases/2014/05/prweb11854491.htm


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Source: PR Web


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