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Accesso Technology Group PLC
FormerlyLo-Q
Company typePublic
LSE: ACSO
Industryleisure, cultural, entertainment, theme park, technology
PredecessorThe Tellurian Devices Company, accesso
FoundedAugust 2000; 24 years ago (2000-08) (Lo-Q)
FounderLeonard Sim
Headquarters
Berkshire
,
England
Number of locations
9 Offices Worldwide
Area served
Worldwide
Key people
Steve Brown (CEO), John Guilfoy (COO), Bill Russell (Non-Executive Chairman)
Servicesticketing, virtual queuing, guest management, eCommerce, access control, reserved seating, box office ticketing, point of sale ticketing, online ticketing, global ticketing distribution
RevenueIncrease US$118.7 million (2018)[1]: 3 [dead link‍][failed verification]
Increase US$88.2 million (2018)[1]: 3 
Increase US$25.1 million (2018)[1]: 3 
Total assetsDecrease US$257.5 million (2018)[1]: 55 
Total equityIncrease US$181.5 million (2018)[1]: 55 
Number of employees
  • Decrease 406 Seasonal (2018, avg monthly number)[1]: 79 
  • Increase 518 Non-seasonal (2018, avg monthly number)[1]: 79 
Divisionsaccesso LoQueue
accesso Passport
accesso ShoWare
accesso Siriusware
Ingresso
The Experience Engine (TE2)
SubsidiariesLocated in Europe and North America and Australia
Websitewww.accesso.com

Accesso Technology Group PLC (formerly Lo-Q) is a publicly listed technology company based in Berkshire, England.[2] Accesso has 9 offices across the world, and serves 1000 venues globally, providing ticketing, point of sale, virtual queuing, distribution and guest experience management solutions.[buzzword][3]

History

Accesso was established around 2000, and had entered bankruptcy almost immediately. The company then reemerged in 2007.[4]

In 2012, Lo-Q PLC acquired the Lake Mary, Florida-based company, Accesso LLC, for US$22 million.[5][6] At the time, Lo-Q focused on developing ride-reservation systems for theme-parks and was characterized as a "virtual-queue company, while accesso focused on online and mobile ticket sales software and the management of online ticket stores.[5] The merger was seen as a joining of synergistic capabilities and complementary customer sets.[5] Tom Burnet was the CEO of Lo-Q and retained this role after the merger.[5][7] At the time of the merger, accesso's CEO and owner was former Disney executive Steve Brown; after the merger, Brown joined the board of the new company and became the COO of North American operations.[5]

In November 2013, Lo-Q repositioned their overall brand as accesso to reflect the company's operations.[8] In December 2013, accesso acquired for US$12 millionthe Taos, New Mexico-based ticketing and point-of-sale software provider Siriusware as a growth play by combining two complementary product lines and joining teams with similar strategies.[9] The acquisition provided accesso with a client base spanning new verticals including the ski and snow sports market. On 10 November 2014, accesso acquired VisionOne and their ShoWare ticketing product, a customizable cloud-based Software-as-a-Service ticket sales solution[buzzword], expanding the company's reach into entertainment markets such as theaters, sports stadiums and music festivals.[10] On 30 March 2017, accesso acquired Ingresso,[10] a global distribution system for entertainment ticketing. Later in 2017, the company acquired The Experience Engine (TE2),[11] a guest experience management company, to allow heightened personalization and real-time marketing to customers across a range of venues such as theme parks, ski resorts, hotels, quick service food, healthcare and other hospitality-focused operations.[12]

In 2014, penetration of the South Korea, "a thriving market with existing large theme parks", began via a three-year partnership with an in-country consulting firm.[6]

Products

A Qbot at Mirabilandia in Italy

Products for virtual queing include the Qbot (retired), Qband (retired), Qsmart, and Prism[13] Several patents have been registered for their concepts.[14][15][16]

The accesso Passport ticketing suite is used by attraction venues including Cedar Fair,[17] Six Flags,[18] and Palace Entertainment.[19] In 2015, Merlin Entertainments Group signed a long term agreement with accesso[20] to provide its solutions[buzzword] to them.

Accesso Siriusware offers guest management, ticketing, e-commerce and point-of-sale solutions[buzzword] for a wide variety of venues and attractions.

See also

References

  1. ^ a b c d e f g "2018 Annual report and financial statements". 7 May 2019 – via Companies House Register.
  2. ^ Whiterow, Philip (29 March 2012). "Lo-Q in the fast lane as new products come on stream". Proactive Investors Australia. Archived from the original on 31 March 2012. Retrieved 11 April 2012.
  3. ^ Accesso Technology Group. "About Us". Retrieved 23 November 2020.
  4. ^ "Insights: Riding a rollercoaster with Accesso". TheTicketingBusiness News. 7 June 2019. Retrieved 4 March 2020.
  5. ^ a b c d e Garcia, Jason (6 December 2012). "Local park ticketing firm sold for $22M". Orlando Sentinel. Orlando, Florida: Tribune Publishing Company. p. A10 – via Newspapers.com.
  6. ^ a b Pedicini, Sandra (14 August 2014). "Lake Mary firm moves into South Korean theme parks". Orlando Sentinel. Orlando, Florida: Tribune Publishing Company. p. A12 – via Newspapers.com.
  7. ^ Pedicini, Sandra (24 November 2014). "Reservation-only rides in the works?". Orlando Sentinel. Orlando, Florida: Tribune Publishing Company. p. D3 – via Newspapers.com.
  8. ^ "Lo-Q is now "accesso"" (Press release). Wall Street Journal. 12 November 2013. Retrieved 15 November 2013.[permanent dead link‍]
  9. ^ Clarke, Sara K.; Garcia, Jason (9 December 2013). "Accesso buys Siriusware". Orlando Sentinel. Orlando, Florida: Tribune Publishing Company. p. D3 – via Newspapers.com.
  10. ^ a b Accesso (31 May 2017). "**accesso** acquires VisionOne, Worldwide, Ltd". accesso Technology Group plc. Retrieved 31 May 2017.
  11. ^ "accesso acquire software specialist The Experience Engine TE2". Blooloop. Retrieved 4 March 2020.
  12. ^ "**accesso** Announces Plan To Acquire The Experience Engine (TE2)". accesso Technology Group. Retrieved 4 March 2020.
  13. ^ "Products -accesso LoQueue". Your Guide. Retrieved 11 April 2012.
  14. ^ US 6529786, Sim, Leonard, "Queue management system", published 1997-05-22, assigned to Maria N. Von Buhr and Chad Rapp 
  15. ^ US 2008080445, Bayne, Christopher; Butler, Christopher; Sim, Leonard, "Reservation Management System and Method", published 2008-04-03 
  16. ^ US 2010277276, Bayne, Christopher; Butler, Christopher; Sim, Leonard, "System For Regulating Access To A Resource", published 2010-11-04 
  17. ^ "Cedar Fair chooses accesso to drive e-commerce platform". Amusement Today. 27 October 2011. Retrieved 15 November 2013.
  18. ^ "Mission Admission". Park World Magazine. 28 January 2009. Archived from the original on 5 January 2011. Retrieved 15 November 2013.
  19. ^ "Kernels – September 2012". Park World Magazine. 7 September 2012. Archived from the original on 19 October 2013. Retrieved 15 November 2013.
  20. ^ accesso (31 May 2017). "Merlin Entertainments Selects **accesso** as its Exclusive Global..." accesso Technology Group. Retrieved 31 May 2017.
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