PatronManager Acquires TicketLeap
September 22, 2017
Long-time Philly tech scene staple Ticketleap has been sold to Patron Technology, a brand-new holding company based out of NYC, in an acquisition/spinout combo that created a new company called Port.
As part of the move, CEO Tim Raybould — who became president and COO in 2013 after cofounder Chris Stanchak moved to San Diego — is stepping down to lead Port, which has a team of six and is backed by $750,000 in seed investment.
“We started talking in the spring,” Raybould said. “It seemed like a great match for Ticketleap, in a deal that would generate a nice return for investors. We were able to keep a good amount of upside in spinning out Port.”