Slinger, known for its tennis ball launcher, has acquired video and analytics platform PlaySight in a deal valued at $82 million.
PlaySight has previously received investments from Verizon Ventures, SoftBank, Novak Djokovic, and tennis legend Billie Jean King.
Over the past year, Slinger has been busy scaling its business.
- June: It acquired Foundation Tennis, a pioneer in tennis software applications.
- August: It raised $11 million in a funding round led by Spartan Capital.
- September: It purchased GameFace.ai, a sports video analysis company, for $24 million.
Slinger recorded $2.5 million in net sales in fiscal Q1 2021, its strongest quarter to date and a 349% increase year-over-year. The company went public in 2019.
New product orders totaled $3.7 million in Q1 despite global supply chain setbacks.
Slinger is represented in more than 60 markets worldwide and expects to pocket roughly $250 million in revenue over the next five years.