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|Smartabase, the premier SaaS-based health & human performance analytics platform for elite sports, military, and public safety organizations, announced its acquisition by Teamworks, an enterprise SaaS company serving elite sports and tactical organizations. Teamworks is a portfolio company of Delta-V Capital and General Catalyst.|
Smartabase is one of several recent acquisitions by Teamworks in their strategy to become the Operating System for Sports™. “Adding Smartabase as a Teamworks product is transformative to our company, allowing our customers the best tool in the human performance space and expanding our full product suite to more athletes and service members,” said Zach Maurides, Founder and CEO of Teamworks.
Markus Deutsch, Co-Founder and CEO of Smartabase stated, “This was a no-brainer for pro, college and Olympic teams and the National Governing Bodies we serve. Many of our customers use Teamworks today, so having both products together under one umbrella will help them simplify their tech stacks.” For Smartabase military and public safety clients, Deutsch added, “Our tactical users will benefit from additional investments in product development to meet their specific needs and have access to new tools to communicate with and support service members.”
“As an Australian headquartered company embarking on our first capital raise in the US, we knew from the outset that our selection of the right banking partner was critical. We conducted an extensive selection process, during which time GLC demonstrated by far the highest level of knowledge and expertise, and most importantly work ethic and flexibility, compared to the other candidates. We also felt a strong sense of culture fit with the GLC team, a very important factor knowing the journey ahead would not be an easy one given the difficult market conditions. To make matters even more complicated, just as we were preparing to launch the raise process with GLC, we received an unsolicited response to be acquired by a US company. Despite such an unusual twist, GLC was able to immediately adapt and run a parallel process of both capital raising and a possible acquisition. What ensued was an incredibly complex two months of negotiations and due diligence, involving legal and accounting matters on a global scale, given our entities in Australia, the US, UK, and EU. GLC relentlessly quarterbacked the whole process, enduring all matter of working hours, twists and turns as things unfolded. Whilst many observers told us the process would take at least 3-4 months, GLC was able to work with us to get it done in two. Quite simply we could not have done it without the team at GLC.”
Chief Executive Officer, Smartabase
|GLC Technology Group |
GLC’s Technology Group specializes in providing sell-side M&A advisory, buy-side M&A advisory, minority and majority recapitalizations, debt and equity capital raising, and other corporate finance advisory services. The GLC Technology Group has decades of technology M&A and capital markets experience and has closed transactions with leading technology consolidators and technology focused private equity firms representing billions of dollars in aggregate transaction value for its clients.
David Bluth / Managing Director
David.Bluth@glca.com / 303.479.3855
Adam Haynes / Managing Director
Adam.Haynes@glca.com / 303.479.3842
Jim Williams / Managing Director
Jim.Williams@glca.com / 303.479.3850
GLC Advisors & Co.
GLC Advisors & Co. delivers objective, senior-level expertise to clients through a variety of advisory assignments including: Mergers & Acquisitions, equity and debt capital advisories, restructurings/recapitalizations, fairness opinions, and valuations. Offices are located in New York, San Francisco, and Denver. For more information, visit www.glca.com.