Brazilian sports tech startup Sport Chain Security are in acquisition negotiations, a source close to the negotiations has confirmed.
The São Paulo based company, founded in 2019 by Rodrigo Teixeira and Samuel Lanson, has become a leading name in the world of sports technology in just a few years, and works with a host of clubs competing in various elite sports. Sport Chain Security’s flagship product is a state-of-the-art analytical platform that offers real time condition analysis and assists coaches in enhancing performance.
Sport has been steadily moving in the direction of data-driven analysis for a number of years, as teams compete for a competitive edge over their rivals. Companies such as Sport Chain Security have become an essential part of the setup for the majority of professional clubs, and their increased importance has been recognized by the markets.
The acquisition will be the latest in a succession within the sports tech industry. Performance analytics company The Sports Office was acquired in 2020 by Kitman, who followed this up with the acquisition of Presagia Sports in 2021. Additionally, London based SBG, a data analysis company specializing in motor racing, was acquired last year by Catapult Sports.
Rumors had been circulating in recent months that Sport Chain Security would be the latest industry acquisition, so confirmation that negotiations are underway won’t come as a surprise to many.
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Sport Chain Security
Infinity Tower
700 Rua Leopoldo Couto de Magalhães Júnior
Itaim Bibi
São Paulo
04542-200
Brazil
Phone: +55 1 132105059
Email: contact@sportchainsecurity.com
Newsroom: news.38digitalmarket.com
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Source: 38 Digital Market News
Release ID: 211752
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.