Under the terms of the acquisition, Genius Sports Group’s management team will remain in place.
UK.- Genius Sports Group, a global leader in sports data and technology, has completed its previously announced sale to Funds advised by Apax Partners, a leading global private equity advisory firm.
Founded in 2000 and headquartered in London, Genius Sports Group is a market leader in the high- growth sports data, sports media and regulated sports betting sectors, specialising in the capture and distribution of real-time data.
The acquisition will see Apax provide its proven expertise in building world-class technology companies, as well as significant investment from its Funds to support Genius Sports Group’s growth plans.
This injection of capital will further strengthen the Genius Sports Group’s existing operations and allow it to pursue its international expansion strategy, both organically and through strategic acquisitions.
Mark Locke, Chief Executive Officer of Genius Sports Group, said: “With the acquisition now complete, we are eager to put our growth plans into action and embark on this new chapter of accelerated investment in our organisation, employees, technology and services.”
“The Apax team has a phenomenal track record of taking cutting-edge technology business to the next level and we are well positioned to grow across all areas of our business.”