Indian sports content and technology company Sportz Interactive has been acquired by private equity groups FW Sports Investment Fund and ASK Pravi Capital Advisors Private Limited.
The acquisition comes on the back of strong performance by Sportz Interactive over the past two years, during which the Mumbai-headquartered company tripled its revenue and grew from 100 people to over 270 members of staff.
During this time, Sportz Interactive has become an official media solutions partner with social media platform Facebook and has added a number of new clients to its portfolio. Its client list includes the International Cricket Council, Indian Super League, Hockey India League and International Premier Tennis League, as well as broadcasters such as Star Sports and Sony Six.
“The next wave of growth for us is continuing to develop world-class products and taking our offerings to the world to create global scale,” Sportz Interactive chief executive Arvind Iyengar said.
The acquisition comes after an association of nearly a decade with US sports technology, data and content company Stats. In July 2008, Stats agreed a joint venture with Sportz Interactive to form Stats Middle East.