Slinger Announces Closing of its PlaySight Interactive Acquisition
Slinger (OTCQB: SLBG) has completed its acquisition of PlaySight Interactive Ltd., a leader in sports video technology, enhancing its 'Watch, Play, Learn' strategy. The combined entity projects revenues of approximately $35 million in the first year. PlaySight's technology is widely used across multiple sports, including partnerships with 18 NBA teams and over 125 NCAA athletic programs. The acquisition aims to integrate PlaySight's capabilities into Slinger's platform, positioning it for significant growth in the sports technology sector.
- Projected revenues of approximately $35 million in the first year from the combined companies.
- PlaySight's established technology used by 18 NBA teams and over 125 NCAA programs, enhancing market credibility.
- Strengthened product offering through integration of PlaySight’s advanced video technology with Slinger's platform.
- None.
This acquisition further enhances Slinger’s Watch, Play, Learn strategy through PlaySight’s pioneering video technology, and brings hundreds of thousands of athletes and sports fans as part of its platform
BALTIMORE, Feb. 22, 2022 (GLOBE NEWSWIRE) -- Slinger® (OTCQB: SLBG), a leading connected sports technology company, today announced the completion of its acquisition of PlaySight Interactive Ltd. (www.playsight.com), a pioneer in video technology, data capture, high performance analytics and automated video production for sports. The company estimates revenues of approximately
“We now have all the pieces in place to execute on our ‘Watch, Play, Learn’ strategy,” said Mike Ballardie, CEO of Slinger. “Integration plans for both our PlaySight and GAMEFACE.AI acquisitions have been underway for a while, and we expect to progress quickly as we build out our fully integrated platform later in the year.”
Since its launch in 2014, PlaySight technology has been trusted and used daily throughout tennis, baseball, cricket, basketball, and other leading sports, attracting hundreds of thousands of athletes, coaches, organizations and leagues to its automated production and performance video platform.
PlaySight’s technology footprint across sports includes:
- 18 NBA teams that use PlaySight for all performance video and training needs
- 90 total professional teams across the NBA, WNBA, NHL, MLB, and international leagues
- 125 NCAA collegiate athletic programs in tennis, baseball and other sports
- Over 100 sports clubs, facilities and academies including LakePoint Sports, IMG Academy and the USTA National Campus
- Over 75 leading prep schools and high school programs in the US
“We are building something unique in sports with our combined technological capabilities, connection to and deep understanding of the sports consumer through the products and services that we will offer,” continued Ballardie.
Over many years as a sports tech leader, PlaySight has attracted investment from industry leaders including Billie Jean King, Novak Djokovic, Chris Evert, Pete Sampras, and high profile PlaySight Ambassadors such as Darren Cahill, Ana Ivanovic, Tommy Haas, and Paul Annacone. Other notable investor groups include Verizon Ventures, Unbound Ventures, SoftBank Ventures Asia, NAVER, OurCrowd, and Tennis Partners, the former owner of the Indian Wells/BNP Paribas Masters Series.
PlaySight is set to debut a fully mobile sports broadcast platform later this year, as well as further enhancements to its existing streaming, data capture and automated production infrastructure.
“We have been on the leading edge of innovation in sports technology for many years and believe that the best is yet to come for this industry,” said PlaySight Interactive Co-Founder and CEO, Chen Shachar. “With the widespread adoption of 5G combined with the developments to camera technology and AI capabilities, we are just scratching the surface of technology’s impact on sports broadcasting, training and video replay/VAR. Combined with Slinger’s consumer expertise, we are excited for the months and years ahead as part of this new group.”
Dechert LLP acted as U.S. and English counsel and Naschitz, Brandes, Amir & Co. served as Israeli counsel for Slinger Bag.
ENDS
For Slinger Investor Relations inquiries, please visit www.slingerbagir.com, or contact investors@slingerbag.com or 443-407-7564
For Slinger media inquiries, please contact the press office at press@slingerbag.com 443-407-7564
About Slinger®: Slinger® is a connected sports company delivering products and technologies across the ‘Watch, Play, Learn’ commercial activities of sport. Slinger makes sports more fun, accessible and connected through its ball launchers, AI technology, performance video, live streaming and club management software capabilities.
Slinger® initially built its brand in the global tennis market, through its revolutionary Slinger® Tennis Ball Launcher and accessories, with over
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