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TECHNOLOGY
Irvine's Paciolan, one of the few rivals of West Hollywood-based Ticketmaster, is joining the dominant issuer of concert, sports and other tickets.
Ticketmaster is buying Paciolan, which provides software for sports teams, museums and others to issue their own tickets, for undisclosed terms.
The deal seems to be worth at least $60 million.
The acquisition has triggered a review by federal regulators to see if it violates any antitrust issues. Any acquisition that affects consumers and is valued at more than $59.6 million requires federal approval.
A decision is expected by early August.
Paciolan has won business away from Ticketmaster, including 2(X)6's landing of the University of Southern Mississippi and its sports teams.
Notable Paciolan customers include the Ottawa Senators, San Diego Padres, Philadelphia Phillies, the American Museum of Natural History and the Boston Museum of Fine Arts.
The company has about 20% of Major League Baseball teams as clients, according to spokesman Shaw Taylor.
Paciolan also provides fund-raising and marketing services for events.
The company's software was used to sell about 120 million tickets last year, roughly 25c/c of all live event tickets sold in the U.S.. according to Paciolan's...