October 14, 2005. PA Sport, the world’s premier sports news and information provider, today announced that they have agreed to acquire Sportev, the leading wireless sports agency, for an undisclosed cash consideration.
PA Sport provides unmatched coverage of sport with more than 700 reporters in 100 countries focusing on 40 major sports. With offices in the UK, Hong Kong, Singapore and Beijing, PA Sport supplies a multi-format, multi–language solution to a wide range of customers.
Sportev was founded in 1999 to provide broadband and mobile video solutions to the sports industry. It currently provides in-match goal videos from the Barclays English Premier League to 3G mobile networks in 33 countries worldwide and from the UEFA Champions League to Vodafone operating companies in 16 countries across Europe.
Sportev also own a number of new media assets, including 3G rights to the FA Premier League in Hong Kong and South Korea, two of the most technically advanced markets in the world.
Chris Buckley, PA Sport Managing Director, said, “As a leading provider of sports data and editorial services to multi-media customers and governing bodies, we are continually developing our capabilities as new technologies and trends emerge. Many of our mobile and Internet clients are now looking to expand their consumer offerings to include video assets and we want to help them achieve these aims.”
Buckley continued “Sportev has proved itself to be at the forefront of the key developments in Internet and mobile sport and now holds major contracts with many of the world’s leading sports rights holders. Their video services are a perfect complement to our data and editorial services and together we will look to offer mobile networks a complete global sports package.”
Will Muirhead, Sportev Chief Executive, said “We are delighted to have reached agreement with PA Sport. Sportev’s board has spent the past 12 months evaluating proposals from a variety of Private Equity and Venture Capital groups and decided that the opportunities that being part of PA Sport offered far outweighed continued independence or competing deals. PA Sport provides unequalled coverage of more than 40 major sports and the team at Sportev is excited about the prospect of delivering mobile video solutions for so many different sports and competitions. ”