MINNEAPOLIS, Nov. 21, 2016 /PRNewswire/ -- In a move that greatly enhances its position as a full-spectrum provider of fantasy sports products and services, SportsHub Technologies, LLC ("SportsHub") announced today that it has acquired LeagueSafe, LLC ("LeagueSafe"), a Minnesota-based company that offers fantasy players the most trusted online payment solution for collecting and protecting fantasy dues. The move strengthens SportsHub's product portfolio, bolsters the company's content and development teams, and reunites Fantasy Sports Hall of Fame members Paul Charchian and Rob Phythian who in 1993 co-founded Fanball, one of the first fantasy sports companies.
"LeagueSafe provides fantasy players with the convenience and safety of paying fantasy dues online, with the security of knowing their entry fees will be paid out," said Rob Phythian, Founder and CEO, SportsHub. The product has been used by over a half million customers, and is the only consumer protection product in the fantasy sports industry. "With over 57 million people playing fantasy sports in North America, we have an enormous opportunity to capitalize on the established technology that LeagueSafe has created and roll out more sophisticated payment technology for both the season long and daily fantasy sports industries."
The acquisition of LeagueSafe marks the fourth that SportsHub has recently completed and continues their long-term strategy of acquiring leading fantasy sports businesses as it develops a platform designed to level the playing field for daily fantasy sports fans. This deal comes on the heels of the acquisition of the National Fantasy Championships high-stakes games from STATS LLC; Sports Technologies, a custom fantasy sports application developer for leading brands in sports and media; and CDM Sports, one of the most trusted brands in season-long, pay-to-play fantasy sports.
LeagueSafe will operate as a separate division with Charchian retaining his previous responsibilities and taking on a senior role with the SportsHub management team. "We're very excited to join SportsHub to help drive the evolution of fantasy gaming into the next generation," said Charchian. "I'm looking forward to being an integral part of SportsHub's leadership and growth, and bring the best fantasy sports payment solution to their growing portfolio of products and services."
About SportsHub Technologies
SportsHub Technologies was founded in 2016 by a team of veteran fantasy sports industry insiders including Rob Phythian, a member of the Fantasy Sports Trade Association Board of Directors and a member of the Fantasy Sports Hall of Fame. SportsHub owns and operates real money gaming sites and is on a mission to level the playing field for daily fantasy sports fans. In addition, SportsHub specializes in helping sports media companies develop strategies, products and innovative solutions to drive deep customer engagement with highly interactive games and mobile applications. For more information, please visit www.SportsHubTech.com.
LeagueSafe was created in 2008 by industry veteran Paul Charchian, with the goal of simplifying and automating the last remaining hassle in fantasy league administration: Finance management. Since its founding, LeagueSafe has become the most trusted source for collecting and protecting fantasy league dues. With an impeccable A+ Better Business Bureau rating, LeagueSafe is the only fantasy sports consumer protection agency in the industry. For more information, please visit www.LeagueSafe.com.
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SOURCE SportsHub Technologies