TeamSnap, a company that provides tools for managing sports teams, has today announced that it is acquiring Weplay, a social networking site for athletes, parents and coaches to help facilitate coordination for events, games, practices, etc.
The terms of the deal were not disclosed.
The Trinity Ventures-backed startup, Teamsnap, is an online tool aimed at making practice scheduling, conditioning sessions, team rosters, payment plans, etc for all amateur sports. It tracks everything from parents’ payments for big tournaments all the way to who’s bringing the sliced oranges.
So far, the company has raised a total of $4.3 million, including its latest round in February for $2.75 million.
According to the release, Weplay had raised even more, a total of $15 million since its launch in 2008. The service acts as a social network with similar functionality to Teamsnap, wherein parents, coaches, and kids can coordinate practices, games, etc. for sports teams.
Teamsnap claims that it will take over Weplay’s “customer base and technology” in the acquisition, though it’s unclear if the Weplay team will migrate over to Teamsnap or if this is the end of their Weplay chapter. It’s also unclear if Weplay will be rolled into Teamsnap or stand alone as its own product.
We’ve reached out for clarification, but haven’t heard back yet.
The release states that Weplay has over 2.25 million customers which will migrate over to the Teamsnap platform. The acquisition should bring Teamsnap’s total userbase to 5 million users in 195 countries.
The deal makes sense considering just how similar the two platforms are to each other. There are a growing number of services like this out there, and not one has risen to the top as a dominating force. Perhaps some consolidation will help Teamsnap reach that peak.
Jordan Crook 21 May, 2013
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Source: http://techcrunch.com/2013/05/21/teamsnap-online-sports-management-platform-acquires-weplay-for-an-undisclosed-amount/
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