FineLine Technologies Inc has acquired Consolidated Printing Inc. (“CPI”), a leading provider of printed tickets for professional and collegiate sporting events and major entertainment and event venues throughout the United States.
That acquisition lays down the true ground for FineLine’s strategic entry into event management, an industry in which the Company can leverage its advanced data management and RFID capabilities to improve complex ticketing processes. Event management is a core piece of the Company’s strategy to expand into additional industry verticals which require stringent data management and reporting functionalities and are apt to undergo continued logistics optimization.
“The acquisition of CPI will allow FineLine Technologies to offer its advanced data management and RFID production capabilities to the sports, entertainment, and event ticketing industries. Similar to other verticals, we see this industry moving rapidly from conventional printed tickets to RFID-enabled smart tickets, as evidenced by the NFL’s recent decision to adopt RFID-enabled ticketing,” said George Hoffman, FineLine’s Chairman and CEO.
“Since 1991, CPI has built an incredible business by providing high quality tickets to more than half of the teams in the NFL, NHL, MLB, and NBA, as well as to some of the most famous events and venues in entertainment, including the Emmy Awards, Madison Square Garden, and Carnegie Hall,” Hoffman continued.
Curtis Howells and William McKeever, co-CEOs of CPI, view FineLine Technologies as the ideal partner to help grow their business both in the U.S. and abroad. “Our customers are increasingly inquiring about smart ticketing and its ability to enhance fan engagement, reduce ticket fraud, and improve security. We are proud to say that in 2019 we successfully transitioned more than half of the NFL teams from conventional paper tickets to RFID-enabled smart tickets,” said Howells. “FineLine shares our commitment to providing excellent customer service, rapid delivery, and innovative solutions. We are excited to leverage FineLine’s RFID capabilities and data management solutions as we continue to grow our business.”