Wednesday, August 27, 2008

ESPN Invests $80 Million In The Active Network

The Active Network, the big provider of sports-related technology, has just closed a huge, $80 million sixth round led by ESPN. Acquisitions are a key part of its strategy: Since 2007, it has acquired 11 companies, including Hy-Tek Sports Software, LaxPower, Cool Running and Golfbuzz. Its flagship site is a sports training and registration portal. In addition to the online communities it runs, The Active Network provides marketing services and other technologies geared towards sports management. It’s also worth noting that it’s not just a sports company, as it offers services towards organizations like schools, campgrounds and governments.

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