Ticketmaster has entered into an agreement to acquire all of the outstanding equity of ticketing services and software provider Paciolan. The ticketing giant will own Paciolan in its entirety once the transaction closes.

Based in Irvine, Calif., Paciolan provides ticketing, fundraising and marketing technology for 190 clients in North America, including a range of college athletics programs, performing arts organizations, arenas, professional sports teams, and museums.

Upon closing, Ticketmaster plans to augment Paciolan's existing product and service offerings with such Ticketmaster features as TicketFast online ticket delivery, Ticket Auctions, TicketExchange and VIP packages. Paciolan will continue to operate from its Irvine location and will retain CEO David Butler and the company's current management team.

Paciolan's primary selling shareholders are an established group of venture capitalists including Technology Crossover Ventures, Argentum Capital Partners and Marwit Capital Company, as well as strategic investor Comcast-Spectacor.

Comcast-Spectacor owns New Era Tickets, a ticketing system using Paciolan software for some 15 North American public assembly facilities, including the Wachovia Center in Philadelphia as ComcastTIX.

In the wake of the Ticketmaster/Paciolan deal, Comcast-Spectacor president Peter Luukko says, "New Era Tickets will be able to provide our clients and customers with the best of what Paciolan and Ticketmaster each offer today: total control of data and fees, and access to the latest ticketing technology."

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