Austin, TX (PRWEB) May 19, 2010
The Austin Technology Incubator (ATI), a not-for-profit arm of The University of Texas at Austin, announced today that its member company, Qcue, Inc., will graduate later this month.
Qcue, the dynamic pricing engine for live entertainment events, joined the ATI in May 2008. Sports teams, concert promoters and venues use Qcue's software to set the right ticket price at the right time based on shifting market conditions. By enabling fans to purchase fair-priced, face-value tickets directly from a team’s box office, Qcue’s dynamic pricing solutions ensure a more consistent, high-value experience coupled with greater price transparency and choice-of-seat flexibility.
During its tenure at ATI, Qcue landed its first professional sports client, raised in excess of $1M in funding and expanded its client roster to include teams across the major sports leagues. Qcue also added senior-level business and technology executives to the company’s leadership team.
“The professional staff at ATI has been invaluable in helping us address the unforeseen challenges that come with scaling a fast-growing business,” said Barry Kahn, CEO of Qcue. “Their deep experience and breadth of resources are things you just can’t put a price tag on, and have played an integral role in the early advantage we’ve established in the market.”
Qcue’s plans include expanding its existing client base in professional sports and exploring new market opportunities in live music and the performing arts.
“Barry and the Qcue team have done a phenomenal job engaging customers, proving out the value proposition of dynamic pricing, and positioning the company for explosive growth,” said Bart Bohn, Director of ATI’s IT Incubator. “I look forward to watching them capitalize on this success as they continue to outpace potential competitors in the space.”
Qcue is the fifth company to graduate from the Incubator this year. A formal ceremony is planned for early 2011.
About the Austin Technology Incubator
The Austin Technology Incubator is a nonprofit unit of The University of Texas at Austin that harnesses business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Since its founding in 1989, ATI has worked with over 200 companies, helping them raise close to $750 million in investor capital. ATI is a key program of the IC2 Institute at The University of Texas at Austin. For more information, visit http://www.ati.utexas.edu
About Qcue, Inc.
Qcue is reinventing the primary ticket marketplace with the world’s only dynamic pricing engine for live entertainment events. Sports teams, concert promoters and venues use Qcue’s patent-pending technology to set the right price at the right time and provide the best value for fans, from the date of on-sale to the date of the event. Customers and partners include the San Francisco Giants, the Dallas Stars, Major League Baseball Advanced Media and Tickets.com. Founded in 2007, Qcue is based in Austin, Texas. For more information on Qcue, visit http://www.qcue.com.