STATS LLC, which is owned by Vista Equity Partners, has acquired TVT Video Technologies Inc. No financial terms were disclosed. Based in Hillsboro, Oregon, TVTI is a provider of video services and consulting for Major League Baseball and National Hockey League teams.
CHICAGO–(BUSINESS WIRE)–STATS LLC (“STATS”) announced today that it has acquired TVT Video Technologies Inc. (“TVTI”), the leading provider of video technology and engineering for baseball and ice hockey. The acquisition of TVTI strengthens STATS’ existing suite of data and analytics services for professional and college teams. The transaction also adds advanced and complementary technologies to the STATS portfolio.
For more than 10 years, TVTI has provided video solutions, services and consulting for Major League Baseball (MLB) and National Hockey League (NHL) teams. Most MLB and NHL organizations use TVTI’s services to review and analyze indexed video. The Portland-based company is known for its exceptional sports video engineering capabilities and superior customer support.
“The combination of TVTI and STATS will bring best-of-breed video, tracking and analytics solutions to a broader audience, both in terms of sport and geography,” said Bill Squadron, EVP of Global Strategy at STATS. “It also will ensure that STATS continues to revolutionize the experience of sport in every arena, just as we have with our acquisitions of BSports, The Sports Network, Automated Insights and Prozone in the past nine months.”
Of the four major professional sports leagues in North America—NFL, NBA, MLB, and NHL—86 percent of teams use STATS’ in-depth data, technologies or analytics solutions. STATS is owned by Vista Equity Partners, a private equity firm that invests in data, software, and technology-enabled businesses.
“We look forward to joining the global STATS family as we continue to build on our relationships with MLB and NHL teams,” said Ken Rhodes, co-founder of TVTI. “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 is the world’s leading sports technology, data and content company. Its mission is to revolutionize the way sports contests are viewed, understood, played and enjoyed. STATS provides real-time scores, historical sports information, Associated Press editorial content, a turnkey fantasy sports operation, brand activation and SportVU technology. Today, STATS’ worldwide client network of media companies and professional sports leagues and teams utilize a broad spectrum of dynamic in-game broadcast presentations and virtual images, multimedia enhancements and game analysis and tactical coaching tools. To learn more visit www.stats.com.
About TVT Video Technologies Inc.
TVTI was founded in 2003 in Portland, OR to apply the latest advances in computer technology to the emerging field of digital video for the benefit of sports teams and leagues. TVTI offers end-to-end video solutions, services and consulting. To learn more visit tvti.net.
About Vista Equity Partners
Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with more than $14 billion in cumulative capital commitments, currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista’s investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.