Vista Latin America signs software agreement with Cinépolis
Vista Latin America, a subsidiary of Vista Entertainment Solutions Ltd., announced the signing of a five-year Enterprise Software agreement with Mexico-based Cinépolis, the world’s fourth-largest cinema chain.
The deal 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 calls the deal is a natural extension of the relationship Vista has had with Cinépolis since 2009. “This Enterprise agreement with our longtime 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.”
Gustavo Ortega, co-CEO of Vista Latin America, said, “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,” stated Armando Mejias, co-CEO of Vista Latin America.
“This deal sets out a path to continue our solid operation worldwide, which will involve bringing Brazil onboard, and with the support of our joint Cinépolis-Vista partnership, will offer sustainable growth,” said Cinepolis’s global IT director, Gabriel Morales Becker.