AUCKLAND, NEW ZEALAND and OSAKA, JAPAN--(Marketwired - Aug 26, 2015) - Vista Entertainment Solutions (VES), a company of Vista Group International (NZSE: VGL) (ASX: VGI) and the leading cinema management software supplier with 40% global share, has signed a distribution agreement with VINX Corporation (VINX3784), a leading software services provider in Japan, to enable the sale and distribution of VES software to the Japanese cinema marketplace for the first time. The announcement was made jointly today by VES Chief Executive Mr. Kimbal Riley and Mr. Minoru Yoshida, President and CEO of VINX.
Based in Osaka, Japan, VINX is an integrated information technology company well-versed in solution businesses that provides retail and service companies such as major supermarkets, convenience stores and other retail operations with POS, Merchandise and CRM systems as well as one-stop IT support. VINX has substantial operations throughout the Pacific region and counts cinema exhibition companies among its customer roster.
VES is the core business of Vista Group and the leading global supplier of software to the cinema industry's Large Circuit Market (cinema exhibitors operating more than 20 screens) with software installed at more than 4,000 sites in over 60 countries, and selling an estimated 1 billion tickets every year. VES is the global leader in its field: it has 37% market share in North America; 8% in China (a territory entered relatively recently); 95% in Mexico and 53% in the United Kingdom. Following these four countries, Japan has the fifth largest screen count in the world with 2356. Effective immediately, VINX will introduce VES to cinema exhibitors with the first VES customers in Japan anticipated in 2016.
The parties were introduced through the auspices of New Zealand Trade and Enterprise (NZTE), a government-funded global organization, which helps to grow the New Zealand export economy.
"It is an honor to align our company with the leader in the global cinema software market," said Mr. Yoshida. "Japan's cinema exhibition sector is positioned for potential growth and with VES products and expertise, we can inject state-of-the-art systems and best practices to bring that growth to reality. The global influence of VES and its parent company Vista Group is exploding. VINX will benefit from that strength and together we can move the Japanese cinema exhibition industry forward."
"This relationship with VINX reflects our global aspirations," said Mr. Riley. "We are very excited about the possibilities flowing from the combination of our global experience and software expertise married with the capabilities of VINX, which in addition to its technical prowess is an organization focused on exemplary customer response and support. That's just one of several core beliefs our organizations share and it will form a strong foundation for our two companies as we move forward in this exciting venture."
"This partnership would not have come to fruition as quickly and smoothly as it did without the tremendous support and guidance of New Zealand Trade & Enterprise," said Mr. Bruce Wighton, VES Regional Manager, Japan and one of the founders of Vista Group. "We're looking forward to the official ceremony that will confirm the partnership at the New Zealand Embassy in Tokyo on August 26. That event marks the culmination of the efforts of many committed professionals on both sides as well as an auspicious beginning of a truly important business alliance for Vista. We couldn't be more pleased."
About VINX Corporation
VINX Corp has been assisting the retailing IT revolution in Japan and leading the standardization of retail systems as an expert in IT. VINX keeps creating innovative products and services by taking advantage of the know-how and long experience gained since 1991 in the retail industry while also providing high quality IT services to domestic and foreign countries, bringing together the power of the Fujisoft Group. With more than 1,250 employees, VINX has developed 'Cross-border IT Solutions' to solve overseas issues related to the IT of retailing companies, boasting Japanese quality and providing network construction among Japanese, Chinese and other Asian countries. In order to fully support the 'China and ASEAN Strategy' of the Japanese retailing industry, VINX has established affiliates in China, Malaysia, and Vietnam, and has expanded businesses in Asia to carry out offshore development in the field, and equipment procurement in local areas.
About Vista Entertainment Solutions
Vista Entertainment Solutions Ltd (VES) is the world-leader in cinema management software solutions with installations in over 60 countries across all continents and an estimated 38% global market share in the Large Cinema Circuit market. The Vista software product line is both integrated & scalable, suited to cinema exhibitors operating 20+ screens and up to 100's of cinemas. Vista software comprises multiple software modules required to deliver optimal box office return, total cinema management, and internal and external analysis and reporting. VES is head-quartered in Auckland, New Zealand and has subsidiaries incorporated in Los Angeles, London, and Shanghai.
About Vista Group International
Vista Group International (Vista Group) is a public company, listed on both the New Zealand and Australian stock exchanges (NZSE: VGL) (ASX: VGI). Vista Group provides cinema management, film distribution and customer analytics software to companies across the global film industry. Cinema management software is provided by Vista Entertainment Solutions, the core business of the Group. Movio (data analytics), Veezi (cloud-based SaaS software for the Independent Circuit Market), MACCS (film distribution software) and Numero (box office reporting software for film distributors and cinemas) products leverage the success of this platform into other parts of the film industry; from production and distribution, to cinema exhibition through to the moviegoer experience. It is estimated that in excess of a billion cinema tickets are processed every year through Vista products. Vista Group has over 300 staff across six offices in New Zealand (Auckland headquarters), Australia, the USA, the UK, the Netherlands, and China.