Genius Sports Group Acquires Sportzcast in Major Sports-Data Deal
Genius Sports Group – a provider of sports data and technology for the sports, betting, and media ecosystem – has entered into a definitive agreement to acquire Sportzcast – a U.S. manufacturer of sports scoreboard data distribution systems. Terms of the deal were not disclosed.
Sportzcast’s proprietary “Scorebot” system links directly to existing event venue scoreboards to deliver accurate and official real-time game data in a universal data format. This data is critical to many in-venue and offsite applications, including sports production, broadcast, coaches’ tool platforms, and sportsbooks. Through this technology, GSG will receive the highest quality sports data available, enabling Genius to enhance its customer propositions across its data, streaming and media businesses.
“Acquiring Sportzcast expands Genius’ official data offering and relevance in the US and worldwide, making us even more compelling to sports leagues and federation partners,” says Genius Sports CEO and co- founder Mark Locke. “This acquisition is yet another milestone in GSG’s rapid, continued growth. We are excited to continue executing on our strategy by leveraging Sportzcast’s incredible technology to scale our streaming and media businesses and bolster our core data products.”
Sportzcast has installed Scorebots, which are compatible with over 194 different scoreboard systems, in over 6,000 sports venues worldwide. Sportzcast’s technology is essential to over 400 U.S. Colleges and Universities and over 50 live sports event streaming services.
“Genius is the ideal partner to accelerate our innovation and supercharge Sportzcast’s global growth through its strong distribution network,” says Sportzcast President Michael Connell. “We are thrilled to join the Genius team and offer exciting new capabilities for our customers and partners.”
On October 27, 2020, GSG entered into a business combination agreement (the “Business Combination Agreement”) with dMY Technology Group II, Inc. (the transactions contemplated by the Business Combination Agreement, the “Business Combination”). (. Upon the closing of the transaction, the combined company expects its ordinary shares and warrants to trade on the NYSE under the symbols “GENI” and “GENI WS,” respectively.