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SOURCE Vistex Inc.
HOFFMAN ESTATES, Ill., Feb. 17, 2014 /PRNewswire/ -- Vistex Inc., the global leader in pricing, contract, and incentive management solutions, announced the acquisition of Counterpoint Systems, the world's leading provider of rights management and royalty processing software. With Counterpoint Systems, Vistex complements its business model and go-to-market strategy with deep domain expertise in rights, royalties and intellectual property licensing management covering all aspects of content assimilation and consumption.
"The rapidly shifting business models in the media sector outpace every other industry," said Vistex Founder and CEO Sanjay Shah. For Vistex, the ubiquitous nature of how businesses and individuals transact for music, entertainment, branding and intellectual property licensing is a compelling business interest. Shah continued, "Vistex clients will benefit from the combination of strong technology and domain expertise. We continue to build out our footprint of world-class customer-centric products and services."
Robert Katovsky, outgoing Chairman of Counterpoint Systems said "Vistex is the perfect mix of global strength and depth, and I am thrilled that the company I started 27 years ago will continue to grow and expand as part of Vistex." Amos Biegun, CEO of Counterpoint Systems, added, "We are excited to become part of Vistex, the world's leading provider of Go-To-Market solutions and services. Our collective expertise will enable us to provide the best solutions to the media industry from both technology and business perspectives." Biegun continued, "Vistex's global presence will provide us with immediate scale and reach – we are thrilled to come onboard and work with such a strong management team."
The addition of Counterpoint Systems exemplifies Vistex commitment to its clients by augmenting its on-premise and in-cloud solutions with a complete software portfolio in the media industry. Counterpoint Systems will operate as 'Counterpoint Systems – a Vistex company' and retain its corporate offices in London, England and Los Angeles, California.
Vistex is the global leader in pricing, contract, incentive management and channel marketing solutions and services, providing unprecedented visibility into the breadth and depth of go-to-market programs and enabling businesses with insightful information that drive revenue, control costs and increase margins. Deployed on-premise and in the cloud, Vistex serves businesses of all sizes worldwide across a spectrum of industries. With an unwavering commitment to its clients, the world's best run organizations choose Vistex to manage master data, contracts, pricing, rebates, incentives and channel programs, ensuring success from inception to insight. For more information, visit www.vistex.com.
About Counterpoint Systems
Founded in 1987, Counterpoint Systems is the world leader in software solutions for rights management, royalty processing and licensing. Counterpoint Systems helps clients maximize the exploitation of their intellectual property, reducing the time and cost of administration, and minimizing the risk of revenue or expense leakage. Counterpoint Systems' extensive client list of over 450 clients includes 20th Century Fox, BMG Rights Management, MTV Networks, Paramount Pictures, The Beanstalk Group and NHL Enterprises. Counterpoint Systems is headquartered in London and has offices in Los Angeles, and New York. For more information, visit www.counterp.com.
For further information contact:
Chris Cutro: email@example.com +1 847-490-0420
Amos Biegun firstname.lastname@example.org +44 20 7543 7500
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