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Passphere and iTicket appear to have demerged just a year after uniting.
The well-publicised merger between booking companies Passphere and iTicket appears to have lasted just over a year.
Passphere was founded in 2017 by Wellington entrepreneur Ezel Kokcu, while iTicket was founded 17 years ago by Reece Preston.
Kokcu and Preston said the merger started with a casual conversation over a coffee, and they eventually realised that despite their disparate ages and stages, the companies would work well together. However that doesn’t seem to have been the case.
Following the merger, both companies came under the Passphere Group umbrella, with Preston and Kokcu operating as joint chief executives.