Vector Capital acquires Patron Technology, now Leap Event Technology

On September 24, 2020, Vector Capital announced its acquisition of Patron Technology, an event technology platform for live, virtual and hybrid events. Terms were not disclosed, and the management team led by CEO Marc Jenkins stayed with the business. Vector described the deal as a growth investment to help the company through the COVID-19 disruption of the live events industry.

Founded in 2001 and headquartered in Pittsburgh, Pennsylvania, the company now operates as Leap Event Technology. Its products cover ticketing, fan engagement, advertising, event coordination and virtual events for conventions, sports arenas, music venues, performing arts organizations and festivals. Vector lists Leap as an active private company buyout with roughly 200 employees.

Business Wire: Vector Capital Acquires Patron Technology (Sept 24, 2020) · Vector Capital case study