Sports betting information provider Stats Perform is rumored to be for sale. It is the latest sign up the market for selective information and technology used past leagues and sportsbooks remains robust.
Stats Perform is in camera held and controlled past buck private equity unshakable Vista Equity Partners. Sportico originally reported that the business organization is being shopped and that the investors engaged investiture bank building Evercore to running game the cut-rate sale process.
Stats Perform was born out of a combining of 2 businesses owned past Vista. In 2014, the private equity shop purchased Stats LLC, a provider of sports data and statistics, from The Associated Press and Fox Sports. Two years ago, it bought Perform Content and merged that enterprise with Stats LLC.
The combined society handles functionary information for leagues and teams, and packages that information for media companies and betting operators,” reports Sportico. “It also utilizes AI and machine learning to create prognostic models.”
A possible damage label for Stats Perform wasn’t mentioned.
Stats Perform Sale Could Be Well-Timed
The impetus for Vista’s potentiality sales event of Stats Perform isn’t clear. But it could be a unsubdivided compositor's case of striking spell the iron is hot.
As the US sports wagering market place accelerates with to a greater extent players entering the arena, gaming companies demand data to power their sportsbooks. The same goes for pro leagues that are banking on regulated sports wagering as an avenue for increasing devotee engagement.
News of Vista perhaps shopping Stats Perform emerges as valuations on peers are intoxicating. Earlier this week, it was reported that rival Sportradar walked off from a deal with a special resolve acquisition company (SPAC). But the Swiss betting information provider is still pursuing a traditional initial public offering (IPO) that could note value the society at $10 billion.
Genius Sports (NYSE:GENI), another sports betting information firm, recently went public next a contrary merger with a blank-check firm. That dealings precious the company at $1.5 billion, and today it has a market capitalization of $3.38 billion.
What’s Next for Stats Perform
The Sportico article doesn’t mention possible buyers for Stats Perform. But it’s possible a wide motley of suitors emerge for the target.
Some gaming companies are making clear-cut they want to be vertically integrated, and bringing a information endeavor in-house would interlock with that objective. Likewise, media companies looking for to bolster their sports wagering footprints could urinate runs at Stats Perform.
Additionally, another buck private equity company with gaming assets, or unity looking to acquire into sports wagering in some form, could pursue Stats Perform. But that remains to be seen.
No clip put for Vista’s divestment of the business organisation was reported.