Teamworks Gains Four Cutting-Edge Software Firms
Teamworks, one of the world’s premier on-demand sports and military performance software companies and a Smith Anderson client, has acquired four best-in-class software tech companies that further cement Teamworks’ impact on athletes and military members across the globe.
The four firms acquired by Teamworks are Smartabase, Grafted, NextPlay and Retain. Smith Anderson represented Teamworks in the acquisitions.
Smartabase is the human performance optimization platform for elite professional sports and military organizations. Grafted and NextPlay are collegiate athletic alumni engagement platforms, now known as Teamworks Communities. Retain is an academics and athlete development platform used by collegiate athletic departments to track and engage student-athletes.
The acquisitions are part of a strategy that began when Teamworks, the Operating System for Sports™, finalized a Series D financing round in June 2022 to drive performance and innovation within its current product portfolio, expand into new product categories and acquire top industry talent, the company said in a press release.
Smith Anderson attorneys Josh Diver and Will Robinson were lead counsel for the transactions, which included a team of attorneys across different practices areas: Josh Bryant (tax), Jackson Moore (government contracting), Nicholas Santos (corporate) and Tommy Postek (employment).
"With the acquisitions of Smartabase, Retain, Grafted, and NextPlay, Teamworks continues to unite the sports industry’s top technology companies and its most innovative leaders," said Zach Maurides, founder and CEO of Teamworks. "The addition of these products solidifies Teamworks’ impact on each phase of the athlete lifecycle and its indispensable position serving elite athletic organizations. And while Teamworks has always supported the performance of athletes, Smartabase’s expertise in military human performance will benefit all of our customers collectively."
Teamworks powers more 6,000 sports organizations worldwide, including collegiate athletic departments and teams across all major professional leagues. Teamworks' software solutions drive the operations of the most recognizable sports properties in the world.