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TFP Solutions Bhd has entered the concert ticketing and event technology space after its wholly owned unit secured an exclusive ticketing services agreement with Pluotos Entertainment Sdn Bhd.
In a Bursa Malaysia filing today, TFP said its subsidiary Softfac Technology Sdn Bhd had signed a ticketing services and strategic collaboration agreement with Pluotos on July 2.
Under the deal, Softfac will serve as the exclusive concert ticketing management systems provider for Pluotos’ future ticketed commercial events, concerts, festivals and entertainment programmes.
The initial agreement runs for one year and will automatically renew for successive one-year terms unless terminated or either party issues at least 60 days’ notice of non-renewal.
As part of the arrangement, Softfac will provide cloud infrastructure to manage traffic surges during ticket launches, customised ticketing configurations, payment gateway integrations and on-site event access systems, including QR code verification and crowd entry management tools.
TFP said the collaboration aligns with its strategy to expand its technology solutions business by strengthening its presence in the digital ticketing and event technology segment.
“The agreement secures the group a recurring, exclusive revenue stream from Pluotos’ expanding pipeline of concert ticketed events,” it said, adding that the tie-up could also pave the way for a jointly owned ticketing platform and consumer database.
The group said the agreement is not expected to have any material impact on its earnings, net assets or gearing for the financial year ending Dec 31, 2026, but is expected to contribute positively to future earnings.
Pluotos is involved in concert entertainment, event management and corporate branding activities in Malaysia. — TMR
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