DTI Management Names Rey del Valle as New CFO
Former AXS Ticketing and Ticketmaster SVP of Finance to Lead Financial Team
ALEXANDRIA, Va., Feb. 28, 2017 /PRNewswire/ -- DTI Management, the leading distributor of live event tickets to online resale marketplaces, is pleased to announce the appointment of industry veteran Rey del Valle as its new Chief Financial Officer, effective as of February 27, 2017.
Mr. del Valle comes to DTI after serving as the SVP of Finance at AXS Ticketing where he oversaw several large transactions including the successful acquisitions of Veritix and Transticket. He was also responsible for the processing of more than $2.5B in annual transaction volume through the AXS platforms while working with some of the world's largest venues and most popular sports franchises.
Prior to AXS, from 2011 through 2015, Mr. del Valle was Ticketmaster's SVP of Finance for eCommerce and Technology. During his tenure, Ticketmaster generated over $9B in annual transaction value of tickets sold. In addition, he managed over $60M in annual capital expenditures. In addition to AXS and Ticketmaster, Mr. del Valle has also held financial leadership roles with Guitar Center, MTV Networks, and The Walt Disney Company.
"DTI is excited to welcome Rey to the DTI team," says DTI CEO, Curtis Cheng. "Our mantra for 2017 is to bring together the brightest minds in ticketing with the brightest minds in technology. We chose him as our new CFO because of his experience in the ticketing industry, and his proven track record of success in building and leading world class financial teams. His initial priorities at DTI will be to enhance reporting for our members and for rights holders, evaluate and enhance the company's financial controls and implement a rigorous risk assessment methodology on all future DTI ticket acquisitions and partnerships."
A 20-plus year financial management veteran, Mr. del Valle brings a deep industry knowledge and a sharp analytical mind—traits that will be critical to DTI's continued rapid growth. In addition to the initial priorities the company also plans to task del Valle with enhancing the company's reporting to its members to increase transparency, vetting new business opportunities and working closely with Mr. Cheng and the rest of the executive leadership team.
"I am thrilled to be named DTI's new CFO," says Mr. del Valle. "This is a $10B industry that shows no indication of slowing down anytime soon. Curtis and the DTI team have built a great business with strong momentum and put the company in position to achieve a leadership role. I want to be a part of that."
Mr. del Valle holds an MBA from Florida International University, where he also earned his undergraduate degree, a double major in finance and international business. A current resident of Manhattan Beach, CA, Mr. del Valle will move to DTI's headquarters in Alexandria, VA in late Summer 2017.
About DTI Management
Established in 2012 and based in Alexandria, Virginia, DTI Management (www.dtimanagement.com) streamlines the distribution of live event tickets through the secondary market, and provides a more controlled and profitable selling environment. At the heart of DTI's business is its proprietary software platform, which efficiently manages the full life cycle of ticket distribution, from listing to sale to fulfillment. This unique technology solution enables DTI's ticket broker-clients to reduce their overhead costs, and provides them with enhanced logistics, real-time data analytics, dynamic pricing, revenue sharing and enhanced marketing strategies. DTI was recently recognized by the Washington Business Journal as one of the 50 Fastest Growing Businesses in 2016.
SOURCE DTI Management
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