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Spordle Acquires Hisports

Apr 26, 2022•over 3 years ago

Acquiring Company

Spordle

Acquired Company

HiSports

SportsMedia And EntertainmentFinancial ServicesMobile

Description

Spordle, a national leader in Sports Technology, announced the acquisition of HiSports Ventures Ltd., the official and exclusive league and tournament management platform of all minor hockey in British Columbia, Canada.

Company Information

Company

Spordle

About

Founded in 2009, Spordle was first and foremost born from a passion for sports and a healthy respect for the values associated with its practice. The company develops and provides a Sports Management ERP to create, grow, and manage top-tier sports experiences. The platform helps major sports federations, clubs, associations, teams, leagues, and tournaments to manage efficiently on one Integrated Sports Management Platform. These organizations are also part of the Spordle Network, the largest network of sports websites that reaches millions of unique monthly visitors in Canada. The platform processes over $200M yearly in online registrations and transactions. For more information on Spordle, please visit Spordle.com or follow through social media on Facebook and Twitter.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed