VERNON, CT--(Marketwire - May 26, 2011) - TicketNetwork, the leading online ticket exchange for events and innovative technology solutions provider for both ticket buyers and sellers, today announced that it has purchased the Gerber Scientific building and property in South Windsor and will begin transferring its employees and operations to the new location immediately.
The new headquarters at 83 Gerber Road are visible from I-84 and feature 194,000 square feet of office space, ample room for TicketNetwork's current employee count of three hundred twenty-five workers. In addition to purchasing the building, the real estate transaction includes approximately thirty acres of land. TicketNetwork will be one of South Windsor's top ten employers. The company has expanded exponentially since it was founded in Vernon, growing from just two employees in 2002 to one hundred-fifty in 2008.
"TicketNetwork's expansion efforts have been fully embraced by the Town of South Windsor, in fact, the Town was one of six Connecticut municipalities that approached us with an offer to move our business in mid-2010," said Donald Vaccaro, CEO, TicketNetwork. "We accepted and are thrilled to relocate our offices to a business-friendly locale which will allow us to house all of our employees under one roof. South Windsor has been highly accommodating and we are very pleased with our decision," added Vaccaro. "In a post recession period, it's important for local economic and government leaders to recognize the benefits expanding enterprises can bring to their constituents. South Windsor's government officials seized the opportunity to attract another growing company to its list of large employers," Vaccaro added.
TicketNetwork hosts the leading online marketplace for event tickets to concert, sport, and theater events around the country and the world. Through our vast network of websites, we connect buyers and sellers from around the country, with ticket inventory listings to more than 80,000 events worldwide. Our company's flagship software product, TicketNetwork® Point-of-Sale, powers real-time ticket transactions through our Online Exchange, making it the leading innovative software platform in the secondary ticket industry. Our signature retail website TicketNetwork.com is both Payment Card Industry (PCI) and EVSSL-certified, ranking it among the top secure sites for event tickets in the secondary market. TicketNetwork, Inc. subsidiaries include Ticket Software LLC, TicketLiquidator.com, and TicketNews. TicketNetwork was founded in 2002 and is headquartered in Vernon, Connecticut.