SportsHub Technologies Acquires the Assets of CDM Sports

MINNEAPOLIS, March 9, 2016 /PRNewswire/ -- With less than a month until the first pitch of the baseball season, SportsHub Technologies, an upstart player in the fantasy sports and eSports industries, has completed the acquisition of substantially all of the assets of RG Ventures, LLC and certain affiliates, including the CDM Sports' suite of Fantasy Challenge and Draft and Play games.  SportsHub will operate the games under the trade name "CDM Sports." The acquisition signals SportsHub's first move into the season-long fantasy sports business with expectations of more consolidation in the near term.

"For more than two decades, CDM Sports has established a reputation as one of the most trusted brands in the season-long pay-to-play fantasy sports industry," said SportsHub Technologies CEO Rob Phythian. "The users that play CDM games love to compete for cash prizes and socialize with other users they have known for years. We value these loyal customers and understand the opportunities to grow a business built around season-long games."

The CDM Sports domain will become part of the SportsHub Technologies network of season-long fantasy games. Additionally, CDM's popular Diamond Challenge and other traditional season-long fantasy baseball games will go live in March. Charlie Wiegert, one of the original founders of CDM Fantasy Sports in the 1990s and a member of the FSTA Hall of Fame, will be part of the team operating contests for SportsHub Technologies under the CDM Sports brand going forward.

Phythian added: "We look forward to welcoming back the thousands of loyal players who have been waiting patiently to get their 2016 leagues started. Long time players can be assured that we will keep gameplay consistent and continue to provide a suite of games where all players have a chance to win."

SportsHub Technologies was founded in 2015 by a team of veteran fantasy sports industry insiders including Rob Phythian, a member of the FSTA Board of Directors and a member of the Fantasy Sports Hall of Fame. Its mission of aggregating season-long game players while preserving trusted brands is the foundation of a future growth strategy for SportsHub Technologies.

SOURCE SportsHub Technologies