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SpotlightTMS, an enterprise SaaS (News - Alert) provider to enable companies to manage their corporate ticket and sponsorship investments, announced that it has been selected as Ticket Management System for Memphis Grizzlies' corporate suite holders at FedExForum.

The selection is significant as the NBA is back in business and companies will be prioritizing their use of luxury suites and season tickets for corporate entertaining.

“The Memphis Grizzlies and FedExForum are dedicated to delivering a world-class championship experience to our fans, community and partners,” said Gregg Crone, Memphis Grizzlies' director, Ticket and Premium Services, in a statement.

“SpotlightTMS allows us to extend that experience beyond the arena doors and provide a service to our premium clientele and hospitality suite holders in order to ensure the return on their investment exceeds expectations,” Crone added.

The agreement enables Memphis Grizzlies to provide its corporate clients with SpotlightTMS, a Software-as-a-Service (SaaS) application that enables companies to measure the business impact of their ticket and suite assets.

SpotlightTMS, a value-added feature of season ticket and hospitality suite packages, allows organizations to manage their entertainment asset investments in a simple, transparent way, company officials said.

Organizations can ensure utilization of tickets while assessing the effectiveness of those investments and measuring ticket use as a driver of revenue.

“By providing SpotlightTMS to its premium clientele, the Memphis Grizzlies are helping these companies measure the impact of their investment in tickets and suites for corporate entertaining, and then use that information to drive revenue,” said Tony Knopp, Spotlight CEO and co-founder.

By providing SpotlightTMS as part of its suite and season ticket packages, Memphis franchise adds value to suite ownership at FedExForum and enables its customers to increase revenue and ROI.

Recently, Spotlight Ticket Management announced that its SpotlightTMS will be provided as a value-added offering for The Home Depot Center's corporate suite holders, enabling them to measure the business impact of tickets and suites for Major League Soccer matches.