Stack Sports, a Plano-based global leader in modern sports technology, announced it will acquire sports video streaming platform Meridix.
“Combining Meridix with Stack Sports is going to be a huge value add for our Partners and truly simplify the sports experience,” Jeff Brunsberg, chief revenue and strategy officer at Stack Sports, said in a statement.
Financial terms of the deal weren’t disclosed. Meridix was backed by Stadia Ventures of St. Louis, MIssouri, while Stack Sports is backed by Genstar Capital and Providence Equity Partners, among others.
Founded in 2016, Stack Sports serves over 50 million users in 35 countries through its SaaS platform offerings, according to the company. The U.S. Soccer Federation, Little League Baseball and Little League Softball, USA Lacrosse, and NFL Flag are some of its customers.
Illinois-based Meridix offers streaming platforms for any size team or organization
Illinois-based Meridix is an unlimited streaming platform for any size team or organization. It simplifies covering sports live at any level, including youth, high school, college, and professional, Stack Sports said.
“With its mission to increase participation and transform the youth sports experience, Stack Sports is truly aligned with Meridix’s vision to simplify the broadcast experience,” Tyler Feret, CEO and founder at Meridix, said in a statement. “We’re confident the combination of Meridix’s tools for coaches, administrators, event operators, athletes, parents, and fans with Stack Sports’ industry-leading ecosystem of sports technology will create real value for our partners and for sports as a whole.“
Creating an end-to-end video solution
Complete with HD video, audio streams, scores, stats, and easy-to-use monetization tools, Meridix offers what it calls the best experience for sports organizations.
Stack Sports says that more than 30,000 club and league administrators, 200 national governing bodies or professional franchises, and millions of families use Stack Sports to power their sports journeys.
The company said that the planned addition of Meridix will add a fast-growing and innovative technology to the growing ecosystem of solutions offered to sports organizations. Expanding services to coaches and families further strengthens Stack Sports’ position as the industry leader in the $44 billion global youth sports market, the company said.
“Stack Sports is the only company that can marry a best-in-class registration and data layer with world-class end consumer applications,” Stack Sports CEO Jeff Young said in a statement. “We truly believe that connecting these two technologies will accelerate our vision to grow participation and transform the sport experience worldwide.”
Combining Meridix and Stack Sports will allow organizations to have an end-to-end video solution from pre-event marketing through Sports Connect, to the field of play, all the way through athlete highlights, the company said. That will simplify the experience for parents, coaches, and administrators, Stack Sports said.
“Meridix has truly been a difference maker for our tournament,” Blake Whittle of Pontiac Holiday Tournament said in a statement. “Thanks to their innovative and robust platform, our tournament has brought in additional revenue we never thought was possible through their pay-per-view feature. Their support is top notch, and the broadcast quality is so good. We look forward to streaming our tournament on Meridix for years to come.”
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