M&A Deal Summary

Genius Sports Acquires Second Spectrum

On May 6, 2021, Genius Sports acquired software company Second Spectrum for 200M USD

Acquisition Highlights
  • This is Genius Sports’ 1st transaction in the Software sector.
  • This is Genius Sports’ largest (disclosed) transaction.
  • This is Genius Sports’ 2nd transaction in the United States.
  • This is Genius Sports’ 1st transaction in California.

M&A Deal Summary
Date 2021-05-06
Target Second Spectrum
Sector Software
Buyer(s) Genius Sports
Deal Type Add-on Acquisition
Deal Value 200M USD
Advisor(s) LionTree Advisors LLC (Financial)

Target

Second Spectrum

Los Angeles, California, United States
Second Spectrum is an AI provider, offering tracking, analytics, and data visualization services. Second Spectrum’s innovative technology allows clients to automatically index action on the court, pitch, or field within seconds. Second Spectrum was founded in 2013 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

Genius Sports

London, United Kingdom
Category Company
Founded 2001
Sector Software
Employees2,300
Revenue 413M USD (2023)
DESCRIPTION

Genius Sports is a provider of sophisticated data-driven software solutions to global sports betting, lottery companies, and sports associations across the world. Its commitment to sport goes beyond delivering profitable and technical solutions for its partners. Genius Sports understands that the protection, integrity, and successful commercialization of official sports data is fundamental to the continued success of the industry. Genius Sports Group was founded in 2001 and is based in London, the United Kingdom.

DEAL STATS #
Overall 3 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (California) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 FanHub

London, United Kingdom

FanHub is a provider of free-to-play (F2P) games and fan engagement solutions. The company provides a suite of technology solutions built around three core service offerings: games, betting, and social activation. It is a global provider of digital fan engagement products and free-to-play games. FanHub’s suite of products are used by an unrivalled set of Tier 1 sports, media, and gaming industry clients, including the NFL, MLB, MLS, MotoGP, Euroleague, Cricket Australia, Betway, PointsBet, Bet365, the Telegraph Media Group and News Corp. FanHub was formed in 2012 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 Spirable

London, United Kingdom

Spirable is a personalized video platform that empowers brands and agencies to create, scale, and optimise highly relevant and personalized video content across-channel. Photospire was founded in 2014 and is based in London, United Kingdom.

Buy -
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