Providence-backed Patron Technology buys Marcato
Patron Technology, a Pittsburgh, Pennsylvania-based live event technology company, has acquired Marcato, a Sydney, Nova Scotia-based provider of event logistics software. No financial terms were disclosed. Founded in 2008 by CEO Darren Gallop and CTO Morgan Currie, Marcato partners with more than 300 festivals and live events worldwide. Its investors included Canadian venture capital firm Innovacorp. Patron said the acquisition adds event logistics and operations to its product offering. Patron is a portfolio investment of U.S. private equity firm Providence Equity Partners. Providence acquired a majority stake in the company last year.
15 October 2018•3 mins read
