Story excerpt provided by Crain’s Cleveland Business.
Written by Kevin Kleps.
Groupmatics is growing rapidly, though founder Matt Mastrangelo admits a 540% year-over-year revenue jump from 2014 to 2015 is easier to achieve when a company is only a few years removed from its launch.
But the Westlake software company, which helps sports teams and entertainment venues manage group ticket sales, is developing quite a roster of clients.
Groupmatics closed 2014 with 15 major- and minor-league teams using its software, which allows teams and venues to create a link that a group leader can distribute to anyone interested in purchasing a ticket. (That way, a youth group or a Little League baseball team doesn’t have to collect all of the money for an outing. The team, via Groupmatics, does that for them.)
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Originally published February 24, 2016.