Upon completion of the merger, OmniTicket’s operating companies will continue to operate under the OTN umbrella.

Paolo Moro, former president and CEO, will remain with the group as corporate business development executive and will work side by side with BUC chief executive, Luca Montebugnoli.

The merger of BUC and OTN forms a new group that is one of the top five global providers for ticketing systems, ticket distribution and related services, one of the top three in Europe and by far the top company in Italy.

"In terms of ticketing and access control system sales this further enhances our already established worldwide leadership," the companies said in a joint statement.

BUC was established in 1999 with the purpose of providing HR outsourcing and technology for events and is now the leader in Italy in ticketing distribution and event services.

The newly merged group will be capable of providing onsite technology for managing all types of venues, even in a multi-site environment, and has a unique infrastructure for offering worldwide ticket distribution in real time.