Vista Latin America, a subsidiary of Vista Entertainment Solutions Ltd, the world’s leading cinema management software provider to the global cinema exhibition industry, is delighted to announce the signing of a five-year Enterprise Software Agreement with Mexico-based Cinépolis, the world’s fourth largest cinema chain.
Vista Entertainment Solutions Ltd ‘(Vista Cinema’) is a Vista Group International company (NZX & ASX: VGL).
The Enterprise Agreement will cover all 625 of the cinema sites currently owned by Cinépolis throughout the world (5,170 screens), as well as future cinema sites.
Vista Cinema CEO Kimbal Riley says the deal is a natural extension of the relationship Vista has had with Cinépolis since 2009. “This Enterprise Agreement with our long-time customer Cinépolis is the latest development in our strategy to secure longer-term Vista partnerships. Through the term of the agreement, it will enable Cinépolis to implement at agreed fees all products in the full suite of Vista Cinema software. Cinépolis has also committed to implementing Vista Cinema in Brazil, the world’s fifth largest cinema market. The deal also reinforces Vista’s recent announcement to incorporate our long-term Latin American business partner into Vista Group.”
Co-CEO of Vista Latin America, Gustavo Ortega, says: “This agreement marks another step forward in our relationship with Cinépolis, enabling us to grow together as we both continue on a global journey of expansion.”
"The signing of this agreement highlights Vista’s ability to work in partnership with Cinépolis, one of the world’s leading exhibitors and one that is continually using innovative technology to benefit their customers,” says co-CEO of Vista Latin America, Armando Mejias.
“This deal sets out a path to continue our solid operation worldwide, which will involve bringing Brazil on board, and with the support of our joint Cinépolis-Vista partnership, will offer sustainable growth,” says Cinepolis’s Global IT Director, Gabriel Morales Becker.
About Vista Latin America
Vista Latin America was created in 2017 following an acquisition agreement between Vista Entertainment Solutions Ltd and its long-term Mexican business partner Senda Dirección Tecnológica, SA de CV. Senda was founded in Mexico City in 2002 by Armando Mejias and Gustavo Ortega, who continue to lead the new company. Prior to the formation of Vista Latin America, since 2003 Senda distributed Vista Cinema software in Mexico and in 14 other countries in the region.