Vista renegotiates sale agreement with VCL, increases deferred consideration

Mon, 21 Dec 2015

By Sophie Boot Dec. 22 (BusinessDesk) - Vista Group International, the cinema software and analytics firm, has renegotiated its agreement with Virtual Concepts (VCL) and increased its deferred consideration payment by up to $900,000. Vista bought the remaining 43 percent stake of VCL, which owns Movio, a marketing data and campaign management platform for cinemas, in August 2014. As part of that agreement there was a deferred consideration calculation, anticipated at $5.9 million over two years. The deferred consideration will now be c...

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