{"id":21,"date":"2018-07-30T00:00:00","date_gmt":"2018-07-30T00:00:00","guid":{"rendered":"https:\/\/gbc.ng\/betgenius-owner-targets-north-america-data-market-with-apax-deal\/"},"modified":"2018-07-30T00:00:00","modified_gmt":"2018-07-30T00:00:00","slug":"betgenius-owner-targets-north-america-data-market-with-apax-deal","status":"publish","type":"post","link":"https:\/\/gbc.ng\/index.php\/betgenius-owner-targets-north-america-data-market-with-apax-deal\/","title":{"rendered":"BETGENIUS OWNER TARGETS NORTH AMERICA DATA MARKET WITH APAX DEAL"},"content":{"rendered":"<p>Genius Sports Group has set its sights on further expansion in the North American sports data market and other key regions around the world after it agreed a deal to be acquired by private equity firm Apax Partners.<\/p>\n<p>Terms of the agreement have not been disclosed, but Apax said that it expects to complete the acquisition before the end of the third quarter.<\/p>\n<p>Genius is currently active in the sports data, sports media and regulated sports betting sectors, with its Betgenius brand providing technology to more than 150 licensed sportsbook operators in regulated markets worldwide.<\/p>\n<p>Apax intends to use its expertise to further strengthen the existing operations at Genius, as well as \u201cprovide significant capital to pursue\u201d international expansion plans both organically and through strategic acquisitions.<\/p>\n<p>Upon closure of the acquisition, the Genius management team is due to remain in place and retain a minority stake in the company.<\/p>\n<p>Mark Locke (pictured), chief executive of Genius, said: \u201cWe are excited to have Apax on board as we look to capitalise on the significant expected growth in the sports data and regulated betting markets, including substantial opportunities in North America.<\/p>\n<p>\u201cOur company\u2019s values are founded on integrity, intelligence and innovation so it was critical for us to choose a long-term investment partner that embodies these principles and understands our vision.\u201d<\/p>\n<p>Apax has been active in the gaming industry for some time, having previously invested in King, the company behind the hugely successful \u2018Candy Crush Saga\u2019 title.<\/p>\n<p>In addition, Apax was part of a group that owned Italian gaming and payments operator Sisal Group, before it was\u00a0sold off to CVC Capital Partners.<\/p>\n<p>Gabriele Cipparrone, partner at Apax Partners, said: \u201cWe have been attracted to the sports data market for some time, having seen live data and technology as key drivers of growth.<\/p>\n<p>\u201cWithin this sector, Genius Sports Group stood out due to the breadth of its offering, its industry-leading technology, and its excellent reputation as a \u2018high integrity\u2019 data provider.<\/p>\n<p>\u201cThe company has grown strongly in recent years and we look forward to working with Mark and his team to continue this growth as the company leverages new technologies to enhance its services.\u201d<\/p>\n<p class=\"author__bio\" itemprop=\"description\">\n<p class=\"comment-form-comment\"><label class=\"show-on-ie8\" for=\"comment\">Comment<\/label><br \/>\n<textarea aria-required=\"true\" cols=\"45\" id=\"comment\" name=\"comment\" placeholder=\"Message\" rows=\"8\"><\/textarea><\/p>\n<p class=\"comment-form-author\"><label class=\"show-on-ie8\" for=\"author\">Name<\/label><input aria-required=\"true\" id=\"author\" name=\"author\" placeholder=\"Name...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-email\"><label class=\"show-on-ie8\" for=\"name\">Email<\/label><input aria-required=\"true\" id=\"email\" name=\"email\" placeholder=\"Email...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-url\"><label class=\"show-on-ie8\" for=\"url\">Url<\/label><input id=\"url\" name=\"url\" placeholder=\"Website...\" size=\"30\" type=\"text\" value=\"\"\/><\/p>\n<p class=\"comment-form-cookies-consent\"><input id=\"wp-comment-cookies-consent\" name=\"wp-comment-cookies-consent\" type=\"checkbox\" value=\"yes\"\/> <label for=\"wp-comment-cookies-consent\">Save my name, email, and website in this browser for the next time I comment.<\/label><\/p>\n<p class=\"form-submit\"><input class=\"submit\" id=\"comment-submit\" name=\"submit\" type=\"submit\" value=\"Send\"\/> <input id=\"comment_post_ID\" name=\"comment_post_ID\" type=\"hidden\" value=\"784\"\/> <input id=\"comment_parent\" name=\"comment_parent\" type=\"hidden\" value=\"0\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genius Sports Group has set its sights on further expansion in the North American sports data market and other key regions around the world after it agreed a deal to be acquired by private equity firm Apax Partners. Terms of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[],"class_list":["post-21","post","type-post","status-publish","format-standard","hentry","category-europe","category-sports"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BETGENIUS OWNER TARGETS NORTH AMERICA DATA MARKET WITH APAX DEAL - GBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gbc.ng\/index.php\/betgenius-owner-targets-north-america-data-market-with-apax-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BETGENIUS OWNER TARGETS NORTH AMERICA DATA MARKET WITH APAX DEAL - GBC\" \/>\n<meta property=\"og:description\" content=\"Genius Sports Group has set its sights on further expansion in the North American sports data market and other key regions around the world after it agreed a deal to be acquired by private equity firm Apax Partners. 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