• Venue and event management in the cloud

Priava Announces Management
Buy-Out

21 August 2019, SYDNEY, AUSTRALIA – International venue and event management software company Priava is set to continue its 22-year winning streak after founder Michael Scroop sold his interest into a Management Buyout led by Priava CEO James Pegum, with the backing of Sydney-based investment firm Whiteoak Asset Management.

“The bedrock of the company has never been stronger, solidifying the years of work that the team at Priava has undertaken for the benefit of our customers, staff and shareholders,” says Pegum.

“Priava is already synonymous with quality and service excellence, and this investment allows us to continue our ambitious growth plans and meet the needs of more customers across the globe, including key growth markets in APAC, EMEA, USA and Latin America, “ Mr Pegum said.

“We are delighted to have brought on Whiteoak Asset Management as our partners for the next phase of our journey”, says Pegum. “We wanted to ensure that we had an engaged and experienced Board with a successful track record of supporting Australian-headquartered companies to succeed in global expansion,” said Pegum.

Priava was advised by Grant Thornton, NeuCapital and Baker & McKenzie.

The following companies ceased to have any relationship with the Priava Group on 31 January 2019: Priava Holdings Pty Ltd, Priava Operations Pty Ltd, Priava Management Pty Ltd, Priava International Pty Ltd ACN 078 592 908 Pty Ltd

About Priava

Priava is the World’s leading cloud-based venue management software company that specializes in delivering venue and event management solutions using the SaaS (Software-as-a-Service) business model to a wide portfolio of niche markets in the venue and events sector. With offices in New York, London, Sydney and Christchurch, the company supports a diverse range of venues across the globe from single venues through to 100+ multi-site operations.

Media Enquiries – Theresa Mullan – theresa.mullan@priava.com

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