NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Genius Sports Group
Limited ("GSG" or "Genius"), a leading provider of sports data and
technology powering the sports, betting, and media ecosystem,
announced today that it has entered into a definitive agreement to
acquire Sportzcast Inc. ("Sportzcast"), a leading U.S.
manufacturer of sports scoreboard data distribution systems. Terms
of the deal were not disclosed.
Sportzcast's proprietary "Scorebot" system links directly to
existing event venue scoreboards to deliver accurate and official
real-time game data in a universal data format. This data is
critical to many in-venue and offsite applications, including
sports production, broadcast, coaches' tool platforms, and
sportsbooks. Through this technology, GSG will receive the highest
quality sports data available, enabling Genius to enhance its
customer propositions across its data, streaming and media
businesses.
"Acquiring Sportzcast expands Genius' official data offering and
relevance in the US and worldwide, making us even more compelling
to sports leagues and federation partners," said Genius Sports CEO
and co-founder Mark Locke. "This
acquisition is yet another milestone in GSG's rapid, continued
growth. We are excited to continue executing on our strategy by
leveraging Sportzcast's incredible technology to scale our
streaming and media businesses and bolster our core data
products."
Sportzcast has installed Scorebots, which are compatible with
over 194 different scoreboard systems, in over 6,000 sports venues
worldwide. Sportzcast's technology is essential to over 400 U.S.
Colleges and Universities and over 50 live sports event
streaming services.
"Genius is the ideal partner to accelerate our innovation and
supercharge Sportzcast's global growth through its strong
distribution network," said Sportzcast President Michael Connell. "We are thrilled to join the
Genius team and offer exciting new capabilities for our customers
and partners."
On October 27, 2020, GSG entered
into a business combination agreement (the "Business Combination
Agreement") with dMY Technology Group II, Inc. (the transactions
contemplated by the Business Combination Agreement, the "Business
Combination"). (. Upon the closing of the transaction, the combined
company expects its ordinary shares and warrants to trade on the
NYSE under the symbols "GENI" and "GENI WS," respectively.
About Genius Sports
Genius Sports Group is the official data, technology and
commercial partner that powers the global ecosystem connecting
sports, betting and media. We are a global leader in digital sports
content, technology and integrity services. Our technology is used
in over 150 countries worldwide, empowering sports to capture,
manage and distribute their live data and video, driving their
digital transformation and enhancing their relationships with
fans.
We are the trusted partner to over 500 sports organizations
globally, including many of the world's largest leagues and
federations such as the NBA, Premier League, AFA, FIBA, NCAA,
NASCAR and PGA TOUR.
Genius Sports Group is uniquely placed through cutting-edge
technology, scale and global reach to support our partners. We are
more than just a technology company, we build long-term
relationships with sports at all levels, helping them to control
and maximize the value of their content while providing technical
expertise and round-the-clock support.
About Sportzcast
Sportzcast is an international leader in the development of
real-time scoreboard data integrations. Their proprietary
technology allows for the standardization and distribution of
real-time game data from venue scoreboard systems around the world.
Over the past decade, their engineers have provided real-time data
from all types of sporting events including basketball, football,
baseball, softball, swimming, soccer and more.
Sportzcast technology has been connected in over 6,000 venues
worldwide for clients at all levels of competition, including
members of the NBA, FIBA, NCAA, NIAAA, NFHS and U.S. Olympic Sports
organizations.
Originating from the official venue scoring system, Sportzcast
real-time data feeds are the fastest and most accurate and event
data in the industry. Sportzcast partners with leading technology
companies to enable workflow enhancements into numerous
professional applications such as broadcast graphics, replay
systems, postproduction editing suites, coaches' tools, web
applications and more.
About dMY Technology Group II, Inc.
dMY Technology Group, Inc. II ("dMY") is a publicly traded
special purpose acquisition company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. dMY II's units, common stock and warrants
trade on the NYSE under the ticker symbols "DMYD.U," "DMYD," and
"DMYD WS" respectively. More information can be found at
www.dmytechnology.com.
Important Information About the Business Combination and
Where to Find It
In connection with the proposed Business Combination, Galileo
NewCo Limited ("NewCo") intends to file a
registration statement on Form F-4 (the
"Registration Statement") with the U.S. Securities
and Exchange Commission (the "SEC"), which will include a proxy
statement/prospectus and certain other related documents, which
will be both the proxy statement to be distributed to holders of
shares of dMY's Class A common stock in connection with dMY's
solicitation of proxies for the vote by dMY's stockholders with
respect to the Business Combination and other matters as may be
described in the definitive proxy statement, as well as the
prospectus relating to the offer and sale of the securities of
NewCo to be issued in the Business Combination. dMY's
stockholders and other interested persons are advised to read, when
available, the preliminary proxy statement/prospectus included in
the Registration Statement and the amendments thereto and the
definitive proxy statement/prospectus and documents incorporated by
reference therein filed in connection with the Business
Combination, as these materials will contain important information
about the parties to the Business Combination Agreement, dMY and
the Business Combination. After the Registration Statement is
declared effective, the definitive proxy statement/prospectus will
be mailed to dMY's stockholders as of a record date to be
established for voting on the Business Combination and other
matters as may be described in the Registration Statement.
Stockholders will also be able to obtain copies of the proxy
statement/prospectus and other documents filed with the SEC that
will be incorporated by reference in the proxy
statement/prospectus, without charge, once available, at the SEC's
web site at www.sec.gov, or by directing a request
to: dMY Technology Group, Inc. II, 1180 North Town
Center Drive, Suite 100, Las Vegas,
Nevada 89144, Attention: Niccolo de
Masi.
Participants in the Solicitation
dMY and its directors and executive officers may be deemed
participants in the solicitation of proxies from dMY's stockholders
with respect to the Business Combination. A list of the names of
those directors and executive officers and a description of their
interests in dMY is contained in the Registration Statement on
Form S-1, which was filed by dMY with the SEC on
June 26, 2020 and is available free of charge at the SEC's web
site at www.sec.gov, or by directing a request to dMY
Technology Group, Inc. II, 1180 North Town Center Drive, Suite 100,
Las Vegas, Nevada 89144,
Attention: Niccolo de Masi.
Additional information regarding the interests of such participants
will be contained in the Registration Statement when available.
GSG's directors and executive officers may also be deemed to be
participants in the solicitation of proxies from the stockholders
of dMY in connection with the Business Combination. A list of the
names of such directors and executive officers and information
regarding their interests in the Business Combination will be
included in the Registration Statement when available.
Forward-Looking Statements
Certain statements in this press release may be considered
forward-looking statements. These forward-looking statements
include, without limitation, dMY and GSG's and NewCo's expectations
with respect to future performance and anticipated financial
impacts of the proposed Business Combination, the satisfaction of
the closing conditions to the proposed Business Combination and the
timing of the completion of the Business Combination. For example,
projections of future enterprise value, revenue and other metrics
are forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as "may", "should",
"expect", "intend", "will", "estimate", "anticipate", "believe",
"predict", "potential" or "continue", or the negatives of these
terms or variations of them or similar terminology. Such
forward-looking statements are subject to risks, uncertainties, and
other factors which could cause actual results to differ materially
from those expressed or implied by such forward looking
statements.
These forward-looking statements are based upon estimates and
assumptions that, while considered reasonable by dMY and its
management, NewCo and GSG and their management, as the case may be,
are inherently uncertain. Factors that may cause actual results to
differ materially from current expectations include, but are not
limited to: (1) the occurrence of any event, change or other
circumstances that could give rise to the termination of
negotiations and any subsequent definitive agreements with respect
to the Business Combination; (2) the outcome of any legal
proceedings that may be instituted against dMY, GSG, the combined
company or others; (3) the inability to complete the Business
Combination due to the failure to obtain approval of the
shareholders of dMY, to obtain financing to complete the Business
Combination or to satisfy other conditions to closing;
(4) changes to the proposed structure of the Business
Combination that may be required or appropriate as a result of
applicable laws or regulations; (5) the ability to meet stock
exchange listing standards following the consummation of the
Business Combination; (6) the risk that the Business
Combination disrupts current plans and operations of dMY or GSG's
as a result of the announcement and consummation of the Business
Combination; (7) the ability to recognize the anticipated
benefits of the Business Combination, which may be affected by,
among other things, competition, the ability of the combined
company to grow and manage growth profitably, maintain
relationships with customers and suppliers and retain its
management and key employees; (8) costs related to the
Business Combination; (9) changes in applicable laws or
regulations; (10) the possibility that dMY, GSG or the
combined company may be adversely affected by other economic,
business, and/or competitive factors; (11) the impact
of COVID-19 on the Company's business and/or the ability
of the parties to complete the proposed business combination;
(12) GSG's estimates of expenses and profitability and
underlying assumptions with respect to stockholder redemptions and
purchase price and other adjustments; and
(13) other risks and uncertainties set forth in the
section entitled "Risk Factors" and "Cautionary Note Regarding
Forward-Looking Statements" in dMY's final prospectus relating to
its initial public offering dated August 17, 2020 and in
subsequent filings with the Securities and Exchange Commission
("SEC"), including the proxy statement relating to the Business
Combination expected to be filed by dMY.
Nothing in this press release should be regarded as a
representation by any person that the forward-looking statements
set forth herein will be achieved or that any of the contemplated
results of such forward-looking statements will be achieved. You
should not place undue reliance on forward-looking statements,
which speak only as of the date hereof. None of dMY, GSG's or NewCo
undertake any duty to update these forward-looking statements.
No Offer or Solicitation
This press release is for informational purposes only and shall
not constitute a solicitation of a proxy, consent or authorization
with respect to any securities or in respect of the Business
Combination. This press release shall also not constitute an
offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any states
or jurisdictions in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act, or an
exemption therefrom.
Contacts
Genius Sports Group Limited:
Chris Dougan, Chief Communications
Officer
+1 (202) 766-4430
chris.dougan@geniussports.com
Tristan Peniston-Bird, The One
Nine Three Group
+44 7772 031 886
tristan.peniston-bird@the193.com
Investors
Will Rodd, The One Nine Three
Group
+1 917 714 1791
will.rodd@the193.com
Sportzcast:
Sam Provencher, Director of Sales
Marketing
+1 321-888-3800
sam@sportzcast.net
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SOURCE Genius Sports Group