Teamworks offers a subscription software platform called the Operating System for Sports that unifies athlete and team management for sports teams and organizations. It provides a single interface for communication, administration, and performance analytics accessible from anywhere, and recently partnered to migrate Kinduct's users and integrate Movella's movement analytics. This approach differs by offering an all-in-one solution through direct partnerships that expand data capabilities and reduce the need for multiple tools. The goal is to streamline operations, improve team communication, and support data-driven decisions to grow in the sports technology market.
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Total Funding
$412.5M
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2005
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Sportradar Group has agreed to sell Atrium Sports to Teamworks Innovations for $170 million in cash. The deal is expected to close in Q4 2026. Teamworks will acquire the coaching and scouting business of Synergy Sports. Sportradar will retain selected technology and related revenue streams, including automated cameras, graphics technology, computer vision capabilities and competition management products. The transaction follows new prediction market partnerships with Kalshi and Polymarket. Sportradar has extended its partnership with Polymarket to cover more than 20 sports leagues, representing approximately 300,000 matches annually. CEO Carsten Koerl said the transaction optimises the business as Sportradar focuses on its core betting, gaming and media priorities. The company acquired Atrium Sports in 2021.
Sportradar announces agreement for the divestiture of coaching and scouting business of synergy sports to teamworks innovations. * October 7, 2026 Transaction streamlines business and sharpens focus on core betting, gaming, and media priorities Sportradar Group AG (NASDAQ: SRAD), a leading global sports technology company creating immersive experiences for sports fans and bettors, today announced that it has entered into a definitive agreement to sell Atrium Sports, the coaching and scouting business of Synergy Sports, to Teamworks Innovations, Inc. for US $170 million in cash. This transaction represents an accretive double-digit EBITDA multiple relative to Sportradar's market valuation. Sportradar will retain certain technology assets, capabilities, and revenue that underpin its core offerings and is already integrated into its business, including automated video production cameras, automated graphics solutions, certain computer vision capabilities, and competition management products. Carsten Koerl, Chief Executive Officer of Sportradar, said: "This transaction optimizes and streamlines our business as we focus on our core betting, gaming, and media priorities, while enabling us to retain key technology assets and capabilities that will support growth and innovation. The proceeds will further strengthen our balance sheet and support capital allocation priorities. Synergy is a leading team-side analytics platform for baseball and basketball and this transaction positions the business for its next phase under an industry leader focused on serving teams and athletes. We will work closely with Teamworks to ensure a seamless transition for our clients, partners and employees." The transaction is currently expected to close in the fourth quarter of 2026, subject to satisfaction of customary closing conditions. About Sportradar. Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports media and betting/gaming industries, Sportradar provides betting and iGaming operators, media and technology companies, prediction market partners and sports federations with a best-in-class range of solutions to help grow their businesses. Trusted by the world's leading global sports organizations including the ATP, NBA and WNBA, NHL, MLB, MLS, PGA TOUR, UEFA, FIFA, CONMEBOL, AFC, and the Bundesliga, and global clients including Flutter, DraftKings, Google, Microsoft, Kalshi and Polymarket, Sportradar covers more than a million events annually across all major sports. Sportradar is not just redefining the sports fan experience, it also safeguards sports through its Integrity Services division and advocates for an integrity-driven environment for all involved. For more information about Sportradar, please visit www.sportradar.com Certain statements in this press release may constitute "forward-looking" statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 that relate to our current expectations and views of future events, including, without limitation, statements regarding the expected closing of the sale transaction of Atrium Sports, Inc. In some cases, these forward-looking statements can be identified by words or phrases such as "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "seek," "believe," "estimate," "predict," "potential," "projects", "continue," "contemplate," "confident," "possible" or similar words. These forward-looking statements are subject to risks, uncertainties and assumptions, some of which are beyond our control. In addition, these forward-looking statements reflect our current views with respect to future events and are not a guarantee of future performance. Actual outcomes may differ materially from the information contained in the forward-looking statements as a result of a number of factors, including, without limitation, the following: economic downturns and political and market conditions beyond our control, including uncertainty and instability resulting from catastrophic events such as acts of war or terrorism and foreign exchange rate fluctuations; dependence on our strategic relationships with our sports league partners; effect of social responsibility concerns and public opinion on responsible gaming, gambling by minors, match-fixing or other illegal gambling schemes on our reputation; potential adverse changes in public and consumer tastes and preferences and industry trends; potential changes in competitive landscape, including new market entrants or disintermediation; potential inability to anticipate and adopt new technology and products; potential errors, failures or bugs in our products; inability to protect our systems and data from continually evolving cybersecurity risks, security breaches or other technological risks; potential interruptions and failures in our systems or infrastructure; our ability to comply with governmental laws, rules, regulations, and other legal obligations, related to data privacy, protection and security; ability to comply with the variety of unsettled and developing U.S. and foreign laws on sports betting; risks associated with artificial intelligence and machine-learning technologies; failure to recruit, retain and develop qualified personnel; changes in the legal and regulatory status of real money gambling and betting legislation on us and our customers; our inability to maintain or obtain regulatory compliance in the jurisdictions in which we conduct our business; our ability to obtain, maintain, protect, enforce and defend our intellectual property rights; our ability to obtain and maintain sufficient data rights from major sports leagues, including exclusive rights; our ability to successfully remediate any material weaknesses identified in our internal control over financial reporting; seasonality and volatility; difficulties in our ability to evaluate, complete and integrate acquisitions successfully; inability to secure additional financing in a timely manner, or at all, to meet our long-term future capital needs; publication of research reports, including by short sellers, or speculation in the press or the investment community, about us; and other risk factors set forth in the section titled "Risk Factors" in its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, and other documents filed with or furnished to the SEC, accessible on the SEC's website at www.sec.gov and on its website at https://investors.sportradar.com. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this press release. One should not put undue reliance on any forward-looking statements. Although EFE believe that the expectations reflected in the forward-looking statements are reasonable, EFE cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, EFE undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. AGENCIA EFE S.A.U.,S.M.E. shall not be liable for any information contained in this message and assumes no responsibility towards third parties in relation to its contents, being expressly exempt from any liability that the author may have in relation to the information in question. Agencia EFE reserves the right to distribute the press release on the news wire, or to publish it on EFE Comunica.
Sportradar announces agreement for the divestiture of coaching and scouting business of Synergy Sports to Teamworks Innovations. October 07, 2026 07:30 ET | Source: Sportradar AG Transaction streamlines business and sharpens focus on core betting, gaming, and media priorities ST. GALLEN, Switzerland, Oct. 07, 2026 (GLOBE NEWSWIRE) - Sportradar Group AG (NASDAQ: SRAD), a leading global sports technology company creating immersive experiences for sports fans and bettors, today announced that it has entered into a definitive agreement to sell Atrium Sports, the coaching and scouting business of Synergy Sports, to Teamworks Innovations, Inc. for US $170 million in cash. This transaction represents an accretive double-digit EBITDA multiple relative to Sportradar's market valuation. Sportradar will retain certain technology assets, capabilities, and revenue that underpin its core offerings and is already integrated into its business, including automated video production cameras, automated graphics solutions, certain computer vision capabilities, and competition management products. Carsten Koerl, Chief Executive Officer of Sportradar, said: "This transaction optimizes and streamlines our business as we focus on our core betting, gaming, and media priorities, while enabling us to retain key technology assets and capabilities that will support growth and innovation. The proceeds will further strengthen our balance sheet and support capital allocation priorities. Synergy is a leading team-side analytics platform for baseball and basketball and this transaction positions the business for its next phase under an industry leader focused on serving teams and athletes. We will work closely with Teamworks to ensure a seamless transition for our clients, partners and employees." The transaction is currently expected to close in the fourth quarter of 2026, subject to satisfaction of customary closing conditions. About Sportradar Sportradar Group AG (NASDAQ: SRAD), founded in 2001, is a leading global sports technology company creating immersive experiences for sports fans and bettors. Positioned at the intersection of the sports media and betting/gaming industries, Sportradar provides betting and iGaming operators, media and technology companies, prediction market partners and sports federations with a best-in-class range of solutions to help grow their businesses. Trusted by the world's leading global sports organizations including the ATP, NBA and WNBA, NHL, MLB, MLS, PGA TOUR, UEFA, FIFA, CONMEBOL, AFC, and the Bundesliga, and global clients including Flutter, DraftKings, Google, Microsoft, Kalshi and Polymarket, Sportradar covers more than a million events annually across all major sports. Sportradar is not just redefining the sports fan experience, it also safeguards sports through its Integrity Services division and advocates for an integrity-driven environment for all involved. For more information about Sportradar, please visit www.sportradar.com
Australia's most-wanted nutrition platform has arrived. September 7, 2026 · Read Time: 3 mins Teamworks Nutrition is officially available in Australia, bringing a purpose-built nutrition platform, and an Australian Food Database, to performance teams across the country. Australian dietitians have been asking for a purpose-built nutrition platform for a while now, and Teamworks Nutrition is the answer. The platform brings together meal planning, athlete communication, food logging, nutrition goals, recipes, reporting, and more into one connected platform - giving dietitians more time to focus on athletes while giving athletes more ownership over their nutrition. "There's been a real appetite and demand across this market for a nutrition specific platform, particularly with an Australian food database, which this has." Jack Hannath Manager, Customer Success, APAC | Teamworks Proven at the highest level. Australia isn't a trial run for an unproven idea. Globally, more than 160 organisations and 620+ dietitians already run their programs on Teamworks Nutrition, reaching more than 67,000 athletes - including 80% of the NFL. Dana Bielinski, who joined Teamworks after a decade as Director of Performance Nutrition at the University of Colorado Boulder, experienced that impact firsthand: "When we were managing 450 athletes, in order to provide them the best care that we could, Teamworks was an absolute game changer for us." Dana Bielinski Performance Dietitian | Teamworks Now, that same platform is available to Australian teams, with an experience built around the needs of the local market - including an Australian Food Database. More ownership for athletes & more reach for dietitians. Two Australian clubs have already been putting Teamworks Nutrition through its paces as part of the innovation beta: Carlton Football Club (AFL) and the Parramatta Eels (NRL). For Alice Sharples, Head of Nutrition for the Parramatta Eels (NRL), one of the biggest opportunities is giving athletes more ownership over what happens outside the club environment. "It's first and foremost, player ownership of their own nutrition. We only see around 50% of what they eat, so trying to get them to own up to accountability of what they do outside the environment, on their own terms." Alice Sharples Head of Nutrition | Parramatta Eels (NRL) Expand your reach without losing the personal touch. For Emma Fielding, Dietitian at Carlton Football Club, the challenge is familiar: supporting a large athlete population while still providing individualised nutrition. "It is about tailoring it to the individual athlete, but also being able to expand your reach as well. I think having 85 athletes for one dietitian, it is really difficult to get to all of them to do individual plans." Emma Fielding Dietitian | Carlton Football Club Teamworks Nutrition helps dietitians scale that support through personalised meal plans, templates, education, recipes, goals, and communication. Emma is already using templates to support recurring needs across her athletes - from travel and game days, to preseason and training - creating more opportunities to reach athletes whether they're at the club or home. Make the impact of Nutrition visible. The work of a dietitian doesn't always happen in a formal consultation. It happens in the hallway, before training, through a quick message, or in the follow-up after an athlete logs a meal. But that work can be difficult to see across the wider performance organisation. Teamworks Nutrition helps dietitians capture those interactions and turn them into meaningful data - making it easier to demonstrate the impact of nutrition across the organisation. For Alice, that visibility is one of the biggest opportunities for Nutrition in this space: "One of the biggest opportunities is making the work of the dietitian more visible. So much of what we do happens behind the scenes, and having better visibility helps the wider performance team understand the impact nutrition has on athletes." Alice Sharples Head of Nutrition | Parramatta Eels (NRL) The result: more visibility into the work happening behind the scenes, and a clearer picture of how nutrition contributes to the individual athlete, and in turn, the performance of the wider team. Nutrition, connected. Teamworks Nutrition gives Australian performance teams a dedicated platform for one of the most important parts of the athlete experience. With an Australian Food Database, a unified mobile experience, personalised nutrition workflows, and tools that help dietitians reach more athletes and demonstrate their impact, nutrition can operate as part of the connected performance environment. For athletes, that means more ownership. For dietitians, more reach and visibility. For performance teams, a more connected approach to nutrition. Teamworks Nutrition is now available in Australia. If you'd like access to the full webinar recording or want to explore Teamworks Nutrition for your organisation, get in touch with our team below. Let's talk. To learn how Teamworks can help your organisation, complete the form below and one of our team members will be in touch.
VueMotion now integrates with Teamworks / Smartabase. Published on August 12, 2026 VueMotion now integrates with leading Athlete Management Systems, starting with Teamworks / Smartabase. Movement and biomechanics data from VueMotion testing flows directly into the AMS, becoming part of the athlete's broader performance and medical record. For most performance departments, the AMS is the day-to-day operating environment, where staff plan sessions, log testing, track load and manage return-to-play. This integration puts objective movement data in that same environment, without manual transfer. What the integration does. The VueMotion x Teamworks / Smartabase integration connects athlete profiles, testing activities and results across both platforms, so movement intelligence lands inside your established operating environment automatically. In practice, that means: * Athlete and participant mapping between systems; one athlete, one record. * Import of athlete, event and testing information into VueMotion, you can set up testing in your AMS workflow, run it in VueMotion * Automated transfer of test results and biomechanics metrics back into the AMS * Support for performance, rehabilitation, return-to-play and longitudinal monitoring workflows * Consistent athlete records across biomechanics, performance and medical systems S&C coaches, physios and sport scientists will be able to see movement quality data in the same place they see everything else about the athlete, and the biomechanics record builds longitudinally, testing session after testing session, season after season. Built for the whole ecosystem, not just one platform. Not every organisation runs the same stack. For teams with proprietary platforms, data warehouses or specialised workflows, VueMotion also provides secure, authenticated REST APIs supporting both Push and Pull integration models. Enterprise customers can: * Send test and event information into VueMotion * Retrieve biomechanics results, metrics and related analysis programmatically * Trigger downstream workflows in their existing technology ecosystem * Connect VueMotion to internal dashboards, analytics platforms and other enterprise systems Whether your movement data needs to land in Smartabase, a Snowflake warehouse, or a custom coaching dashboard, it can get there. Get started. The Teamworks / Smartabase integration is available now. If you're a Smartabase customer and want to connect movement intelligence to your existing workflows, or an enterprise team wanting to build on its APIs, get in touch and VueMotion Labs Pty'll walk you through the setup. Want to see it in action? View the demo here.
Find jobs on Simplify and start your career today
Industries
Company Size
501-1,000
Company Stage
Series F
Total Funding
$412.5M
Headquarters
Durham, North Carolina
Founded
2005
Find jobs on Simplify and start your career today