CricHQ cricket software developer sold

AUCKLAND: CricHQ, the cloudbased cricket software developer, and its assets will be sold to a group of New Zealand investors for an undisclosed amount, receivers Neale Jackson and Brendon Gibson, of KordaMentha, say.

CricHQ was tipped into receivership in October after failing to convert interest in the product into commercial success and the receivers were tasked with putting the business up for sale.

The sale, due to settle in January, includes the core CricHQ platform and global partner services, My Action Replay and Total Cricket Scorer.

CricHQ was incorporated in 2009 and over that time has attracted more than $20 million in equity capital. It has expanded from a cricketscoring app to cover game coverage, content generation of matches, and data, analytics, administration and competition management for clubs. It employs 22 staff in New Zealand and operates subsidies in the UK and India.

‘‘The successful sale of the business will provide certainty for CricHQ’s customers around the world. It is pleasing to secure a sale in a short time, minimising any risk of disruption for users during the southern hemisphere cricket season,’’ Mr Jackson said.

Moneybaker Holdings, an entity associated with founder Simon Baker and former New Zealand cricket captains Stephen Fleming and Brendon McCullum, is CricHQ’s biggest shareholder with a 42% stake. — BusinessDesk