Last checked at 12 Feb 2018 07:00
12 February 2018
accesso® Technology Group plc
("accesso" or the "Group")
Cedar Fair Contract Extension
- Key partner extends accesso Passport® contract for 5 further years -
The Board of accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, cultural and hospitality markets, today announces a five-year extension to its existing agreement with Cedar Fair Entertainment Company ("Cedar Fair") to provide the accesso Passport ecommerce solution across all of its properties.
Cedar Fair is one of the largest regional amusement-resort operators in the world, and will continue to leverage accesso's flagship ecommerce solution to provide its guests with a seamless shopping experience on any chosen device.
accesso continues to help its customers drive revenue through best-in-class technology solutions and remains able to sustain long-term and fruitful relationships with a broad range of high-quality partners. This in turn generates a large proportional amount of repeatable revenue in the Group's mix, resulting in a high degree of visibility into future earnings.
Steve Brown, CEO of accesso, commented:
"This extension marks another milestone in our relationship with Cedar Fair, which already spans more than six years. We're still as focused as ever on delivering the best technology available to improve the guest experience they can deliver at their parks".
Brian Witherow, CFO of Cedar Fair, commented:
"The power of the Accesso Passport solution has been critical to the success of eCommerce throughout our parks. We are committed to enhancing our guests' experiences with the support of cutting-edge technology, and Accesso will continue to be a key partner".
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation.
For further information, please contact: accesso Technology Group plc | +44 (0)118 934 7400 |
Tom Burnet, Executive Chairman Steve Brown, Chief Executive Officer John Alder, Chief Financial Officer
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FTI Consulting, LLP | +44 (0)20 3727 1000 |
Matt Dixon, Adam Davidson
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Canaccord Genuity Limited | +4 (0)20 7523 8000 |
Simon Bridges, Martin Davison, Richard Andrews
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Numis Securities Limited | +44 (0)20 7260 1000 |
Simon Willis, Mark Lander
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About accesso® Technology Group
At accesso, we believe technology has the power to redefine the guest experience. Our patented and award winning solutions drive increased revenue for attraction operators while improving the guest experience. Currently serving over 1,000 clients in 27 countries around the globe, accesso's solutions help our clients streamline operations, generate increased revenues, improve guest satisfaction and harness the power of data to educate business and marketing decisions.
accesso stands as the leading technology provider of choice for tomorrow's attractions, venues and institutions. We invest heavily in research and development because our industries demand it, our clients benefit from it and it makes a positive impact on the guest experience. Our innovative technology solutions allow venues to increase the volume and range of on-site spending and to drive increased transaction-based revenue through cutting-edge ticketing, point-of-sale, virtual queuing, distribution and experience management software.
As the premier technology solutions provider to leisure, entertainment, cultural, hospitality and health care markets, accesso's commitment to improving the guest experience and helping our clients increase revenue is the core of our business. Many of our team members come from backgrounds working within the attractions and cultural industry. In this way, we are experienced operators who run a technology company serving attractions operators, versus a technology company that happens to serve the market. Our staff understands the day-to-day operations of managing complex venues and the challenges this creates, and together we strive to provide our clients and their guests with technology that empowers them to do more and enjoy more. From our agile development team to our dedicated client service specialists, every team member knows that their passion, integrity, commitment, teamwork and innovation are what drive our success.
accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information, visit www.accesso.com. Follow accesso on Twitter, LinkedIn and Facebook.
About Cedar Fair Entertainment Company
Cedar Fair Entertainment Company (NYSE: "FUN"), one of the largest regional amusement-resort operators in the world, is a publicly traded partnership headquartered in Sandusky, Ohio. Focused on its mission to become "THE place to be for FUN," the Company owns and operates 11 amusement parks including its flagship park, Cedar Point, along with two outdoor water parks, one indoor water park and four hotels. It also operates an additional theme park under a management contract. Its parks are located in Ohio, California, North Carolina, South Carolina, Virginia, Pennsylvania, Minnesota, Missouri, Michigan and Toronto, Ontario.
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