M&A Deal Summary

Teamworks Acquires NextPlay

On January 11, 2023, Teamworks acquired internet software and services company NextPlay

Acquisition Highlights
  • This is Teamworks’ 2nd transaction in the Internet Software and Services sector.
  • This is Teamworks’ 4th transaction in the United States.
  • This is Teamworks’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2023-01-11
Target NextPlay
Sector Internet Software and Services
Buyer(s) Teamworks
Deal Type Add-on Acquisition

Target

NextPlay

Durham, North Carolina, United States
NextPlay allows former student-athletes to stay engaged with the programs they helped build. The technology connects current student-athletes with alumni to seek mentorship, advice, and career support. NextPlay was founded in 2018 and is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Teamworks

Durham, North Carolina, United States
Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

Teamworks the Operating System for Sports™, powers over 6,000 sports organizations worldwide, including collegiate athletic departments and teams across all major professional leagues. Teamworks' software solutions drive the operations of the most recognizable sports properties in the world. Teamworks was founded in 2006 and is based in Durham, North Carolina.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (North Carolina) 2 of 2
Country (United States) 4 of 4
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Grafted

Charlotte, North Carolina, United States

Grafted is an alumni engagement platform that creates an exclusive connection between previous letterwinners, external stakeholders, and athletic programs. Grafted was founded in 2019 and is based in Charlotte, North Carolina.

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