Sportradar becomes majority shareholder of SportStat
Betradar parent company looking to expand its data offering for betting on sporting contests.
Betradar parent company Sportradar has acquired a majority stake in data provider Sports Statistics and Information Systems (SportStat).
Sportstat supplies sports statistics with a particular focus on rugby union, rugby league, darts and snooker, and the stake acquisition allows Sportradar to expand its data offering before and during matches.
Sportradar CEO Carsten Koerl said of the deal: “We are very delighted to welcome SportStat to the Sportradar family. Having worked in partnership with the governing bodies of rugby union, darts and snooker for many years, SportStat are able to supply top class fast data live from the venue.
“SportStat’s product portfolio is the perfect complement to our own live betting and media services. We are convinced that together we can shape future developments and play an active part in the creation of an even more exciting live betting and media offering for our clients,” he added.
Last year Sportradar received 44m in investment from Swedish private equity firm EQT Expansion Capital and launched live betting game Soccer Roulette.
In August Betradar signed an American odds monitoring agreement with Don Best Sports, covering ice hockey, baseball, basketball and American football fixtures in the US and Canada.