In its second-largest acquisition, Amazon buys the company for $970 million.
Steven Brown will be president and CEO of Cygnus eTransactions Group, which sells tickets for theme parks and other paid events, including via the web and mobile phones.
Steven K. Brown has been named president and CEO of Cygnus eTransactions Group Inc., which sells tickets for theme parks and other paid events, including through the web and mobile phones.
Brown most recently was vice president of ticket strategy and sales at theme park operator Six Flags where he helped increase e-commerce revenue by more than 60%, oversaw sales and developed the company’s admission pricing strategy, Cygnus says. He previously spent 16 years at Disney, including leading the Walt Disney ticketing division.
“We are extremely fortunate to have someone with Steve’s rich background and diverse talents take the helm at Cygnus,” says Larry Paul, chairman.
Brown calls this “an incredible time join Cygnus given the emerging trends in online ticketing and e-commerce. As the ticketing, e-commerce and mobile payments sector continues to evolve rapidly, the opportunities for Cygnus are tremendous.”
Cygnus customers include 19 Six Flags theme and water parks, Hershey Entertainment & Resorts, Elitch Gardens and Darien Lake. The company is based in Orlando, FL.