MINNEAPOLIS, Nov. 21, 2016 /PRNewswire/ -- SportsHub Technologies, LLC announced today the purchase of the assets of the National Fantasy Championship, from STATS, the world's leading sports data and technology company. The NFC runs the world's largest high-stakes events including the National Fantasy Football Championship, National Fantasy Baseball Championship, and National Fantasy Basketball Championship. The longest-running high-stakes fantasy sports operator in the industry, the NFC has awarded more than $37 million in prize money. As part of the transaction, STATS will continue to power the NFC data and scoring.
"The NFC has revolutionized the world of high-stakes fantasy sports and caters to some of the highest value fantasy sports fans and most loyal users in the world. They are the only high-stakes operator with live events hosted in Las Vegas, New York, Chicago and online," said Rob Phythian, CEO of Sports Hub Technologies. "These high-stakes contests and events reach the high-end fantasy sports participant, adding many new possibilities to our long-term strategy."
The deal adds to a series of recent acquisitions made by SportsHub to enhance its position as a full-spectrum provider of fantasy sports products and services. NFC will operate as a separate division with GM Greg Ambrosius retaining his previous responsibilities while also taking on a senior role within the SportsHub management team. "We started the NFC in 2004 with the vision of creating a new fantasy sports experience for hard core fantasy sports fans who wanted a higher level of competition," Ambrosius said. "I am excited join forces with SportsHub to advance that vision and to unlock our full potential. "I thank STATS for being NFC's home for the past six years."
STATS, the leader in sports data and solutions for media companies, technology platforms, fantasy games, brands, leagues and teams around the world, will continue to invest deeply in solutions – including fantasy – for its partners to help them increase the engagement of fans and improve performance on the field. "Greg and NFC have been a great addition to STATS, and I'm excited for them to be able to work with SportsHub to continue to build a strong consumer business and for STATS to partner with them as they grow," said Kenneth Fuchs, CEO of STATS. "STATS is at its best powering our partners' success and we'll continue our heavy investments in new technologies and products in sports data, software, applications and services with that mission as our core focus."
About SportsHub Technologies
Founded in 2015 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. 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, visit www.SportsHubTech.com.
As the world's leading sports data and technology company, STATS powers sports. We are trusted by more than 800 clients around the globe to enhance fan engagement and maximize team performance by analyzing sports data from more than 100,000 games a year with unrivaled speed and accuracy. We power sports on and off the field through data feeds, video analysis, sports content and research, player tracking through STATS SportVU®, and customizable digital solutions. For more information, go to www.stats.com and follow STATS on Twitter @STATS_Insights.
SOURCE SportsHub Technologies