BOUL­DER FIRM AC­QUIRES KORRIO, A SEAT­TLE COM­PANY

The Denver Post - - BUSINESS - — Tamara Chuang, The Denver Post

Boul­der-based TeamS­nap on Wed­nes­day an­nounced it snapped up Seat­tle’s Korrio, its sec­ond ac­qui­si­tion since June.

The app de­vel­oper, which be­came pop­u­lar with par­ents and coaches keep­ing track of youth soc­cer games, said Korrio adds cus­tomers and cloud-based ser­vices to help TeamS­nap or­ga­nize sport events.

Terms weren’t dis­closed. While both com­pa­nies were founded in 2009, TeamS­nap ap­pears to be the much larger player in the youth sports arena. It has raised $47.3 mil­lion from in­vestors, in­clud­ing the Jan­uary round of $25 mil­lion that is be­ing used to fund ac­qui­si­tions. Korrio at­tracted $11.2 mil­lion from in­vestors, ac­cord­ing to TechCrunch.

A TeamS­nap spokesper­son said Korrio was one of the in­dus­try’s dom­i­nant play­ers just four years ago.

Fur­ther de­tails on Korrio were not avail­able.

In June, TeamS­nap ac­quired FanAp­pEvents, which in­cluded 15 em­ploy­ees that stayed put at their Jef­fer­son City, Mis­souri, of­fices. At the time, TeamS­nap said its em­ployee base was ap­proach­ing 200 peo­ple.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.