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Teamworks Innovations Inc. announced that it acquired Sportlogiq Inc., in a transaction for which the consideration was not disclosed. The acquisition is intended to strengthen Teamworks’ artificial intelligence capabilities and expand its hockey user base by integrating Sportlogiq’s advanced analytics into its existing platform. Teamworks is a U.S.-based technology company that offers a unified “Operating System for Sports,” enabling teams and athletic organizations to manage talent acquisition, performance development and operations within a single technology environment. Sportlogiq, based in Montréal, is a sports analytics company recognized as a global leader in using computer vision and artificial intelligence to extract data and insights from sports video for professional sports teams, leagues and media organizations.
Parties
Company
Teamworks Innovations Inc.
Company
Sportlogic Inc.
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date