Colorado-Based TeamSnap Acquires Key Assets Of Weplay

BOULDER, Colo. (AP) — A Colorado-based company that helps people manage their recreational sports teams’ activities online has acquired key assets of Weplay Inc., a sports social-networking site that had been backed by athletes including Peyton Manning and Derek Jeter.

Boulder-based TeamSnap said Tuesday it is acquiring the customer base, technology and online coaching resources of Weplay. TeamSnap CEO Dave DuPont says the acquisition cost less than $5 million. He didn’t disclose other terms.

The announcement follows the news last month that TeamSnap raised $2.75 million from investors.

By adding Weplay’s 2.25 million customers, TeamSnap is nearly doubling its customer base to almost 5 million users.

DuPont says TeamSnap isn’t acquiring the Weplay company itself or inheriting its professional-athlete investors but is talking with some of them about potentially teaming with TeamSnap.

LINK: TeamSnap.com

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

More From CBS Denver

Weather App
CBS Local App

Listen Live

AM/FM Stations

Featured Shows & Multimedia