SportsTechnology
The combined companies will offer a scalable cloud-based content delivery and fan engagement solution.
SAN DIEGO, CA, November 12, 2020 – Visaic, a leading AI-enabled Sports and Media technology company, today announced the acquisition of successful Vancouver-based streaming platform company YARE Media. Together the companies will offer a scalable cloud-based content delivery and fan engagement solution for sports/esports, entertainment and enterprise.
Under the terms of the transaction, Visaic will acquire all outstanding shares of YARE.
Founded in 2016, YARE launched a streaming platform solution that enables sports properties to quickly enter new territories, gather valuable analytics, and deliver high quality video to connected devices. The service has been embraced by amateur sports associations, professional sports leagues, and major media organizations.
In October, “Canadian Business” ranked YARE in the top 50 of their annual 2020 Startup List, which is the definitive ranking of Canada’s Top New Growth Companies.
We are excited to bring the YARE team into the Visaic family. There are great synergies between our current operations and clients and this new relationship will enable both businesses to accelerate.
– Kanaan Jemili, CEO of Visaic
YARE offers a range of software tools for broadcasting video content over the Internet. Its largest deployments are in sports and include Canada West Universities Athletic Association, Ontario University Athletics, Rogers Sportsnet Pinty’s Grand Slam of Curling (international), and the Canadian Football League (CFL) International Game Pass.
Hugh Dobbie, CEO of YARE commented, “Combining forces with Visaic will provide our clients a vast array of additional capabilities and technologies to further enable their fan engagement and growth strategies. We’re looking forward to seeing the evolution of our platform expand and service the international markets targeted by Visaic.”
YARE’s clients will have access to new channels of distribution.
About YARE
YARE provides solutions to address changing content distribution models in sports, broadcasting and entertainment. The company focuses on helping organizations implement market strategies that generate new over-the-top (OTT) digital revenues and help grow their audience and brand. Website: www.yaremedia.com
About Visaic
Visaic is an AI-enabled sports and entertainment engagement platform for digital content delivery and monetization. Visaic’s Platform called VIP (Visaic Interactive Platform) is designed for sports leagues, federations, teams and college conferences as well as entertainment brands that want to expand viewership and increase revenue. VIP provides sports brands with modern and interactive user experiences on any device along with hybrid monetization options and AI based tools to grow their brand value and revenue streams.
For further inquiries, please contact Visaic at PR@visaic.com.
