February 11, 2009 2:40 PM
- Text
The Active Network Acquires Hy-Tek Sports Software
(PaidContent.org)
This story was written by Joseph Weisenthal.
The Active Network, the heavily capitalized sports technology and media company, has acquired HY-TEK Sports Software, a provider of services and tools for swimming and track & field clubs. Terms of the deal were not disclosed. Hy-Tek claims to be used by 95 percent of the swimming and track & field clubs, schools and organizations in the United States. It also says it's used by 20,000 different organizations, like professional leagues and schools in 30 countries. Already the two companies have been working together, integrating Active's online services with Hy-Tek's software. Among the company's offerings: statistical tracking, meet management, and other sports-related offerings. Release.
San Diego-based Active has raised at least $172 million from investors such as Canaan Partners, ESPN (NYSE: DIS), ABS Ventures, Austin Ventures, Enterprise Partners and Charles River Ventures along with Performance Equity and Tao Venture Partners. Acquisitions last year included LaxPower.com and Cool Runnings.
By Joseph Weisenthal
The Active Network, the heavily capitalized sports technology and media company, has acquired HY-TEK Sports Software, a provider of services and tools for swimming and track & field clubs. Terms of the deal were not disclosed. Hy-Tek claims to be used by 95 percent of the swimming and track & field clubs, schools and organizations in the United States. It also says it's used by 20,000 different organizations, like professional leagues and schools in 30 countries. Already the two companies have been working together, integrating Active's online services with Hy-Tek's software. Among the company's offerings: statistical tracking, meet management, and other sports-related offerings. Release.
San Diego-based Active has raised at least $172 million from investors such as Canaan Partners, ESPN (NYSE: DIS), ABS Ventures, Austin Ventures, Enterprise Partners and Charles River Ventures along with Performance Equity and Tao Venture Partners. Acquisitions last year included LaxPower.com and Cool Runnings.
By Joseph Weisenthal
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