Vista Group signs first major cinema circuit to Vista Cloud
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Vista Group International Ltd, Shed 12, City Works Depot, 90 Wellesley Street West, Auckland 1010, New Zealand
MARKET ANNOUNCEMENT
30 May 2022, Vista Group International Ltd., Auckland, New Zealand
Vista Group signs first major cinema circuit to Vista Cloud
Vista Group International Limited (NZX & ASX:VGL) is delighted to announce that it has entered into
an agreement to transition an existing major enterprise client in Latin America to the Vista Cloud
platform.
The ten year agreement includes Vista Group’s platform (Vista Cloud, Vista Digital and Movio EQ)
and integration with Vista Group’s portfolio companies, Numero and Maccs. The transition is a
transformational project for the enterprise client involving the transition of over 300 sites to the
platform over time. The project will commence in Q3 2022 with Vista Digital and Movio EQ, with Vista
Cloud rolling out progressively after that.
While the commercial arrangements are confidential and subject to final terms and conditions, once
fully rolled out the agreement is expected to result in the Latin American exhibitor becoming one of
Vista Group’s largest clients globally. The deal involves annual subscription fees and variable fees
connected to the value of the transactions processed through the platform.
Kimbal Riley, Group Chief Executive, said “This is a fantastic deal for both parties and a strong vote
of confidence for our platform. The agreement is in line with our expected SaaS revenues and in
2022 and 2023 we will be very focussed on bringing this client, and others in the pipeline, on board.
We are especially excited to be bringing Vista Digital and Movio EQ to life in this circuit, delivering
measurable value quickly is one of the key benefits of our new cloud technology.”
For further information please contact:
Kimbal Riley
Group Chief Executive
Vista Group International Ltd
Contact: +64 9 984 4570
Matt Cawte
Chief Financial Officer
Vista Group International Ltd
Contact: +64 9 984 4570
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