STATS, a sports technology, data and content company, has been involved in the acquisition of many different companies recently, including Automated Insights, The Sports Network, and Prozone. Today they added another company to that list when they announced the acquisition of TVT Video Technologies Inc. (TVTI).
This acquisition will boost STATS’ existing suite of data and analytics service for professional teams as TVTI is a leading provider of video solutions, services, and consulting for the MLB and the NHL. Most MLB and NHL organizations currently use TVTI’s services to review and analyze indexed video.
Commenting on the acquisition, EVP of Global Strategy at STATS, Bill Squadron said, “The combination of TVTI and STATS will bring best-of-breed video, tracking and analytics solutions to a broader audience“ Squadron then went on to say, “It also will ensure that STATS continues to revolutionize the experience of sport in every arena.”
Ken Rhodes, TVTI’s co-founder weighed in on the acquisition as well saying, “TVTI’s technology will integrate well with STATS’ data and the BSports pro baseball system, and we are excited about working together to provide the next generation of video services to sports teams globally.”
STATS has made several acquisitions of sports technology companies in the last year and we expect this TVTI acquisition to not be the last.