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Fastbreak.ai completes acquisition of Optimal Planning Solutions to strengthen sports logistics platform

Sep 10, 202410 months ago

Acquiring Company

Fastbreak AI

Acquired Company

Optimal Planning Solutions

CharlotteVancouverArtificial IntelligenceSports

Description

Fastbreak.ai, a leading sports technology company specializing in AI-driven scheduling and sports logistics, has acquired Optimal Planning Solutions, a global leader in optimization-based scheduling solutions for the sports industry. This strategic acquisition will enhance Fastbreak.ai's platform capabilities and solidify its position as the world leader and premier provider of advanced scheduling technology to sports leagues. Rick Stone, the CEO of Optimal Planning, will join the Fastbreak.ai executive team as Chief Scheduling Officer, bringing over two decades of experience in the sports industry and schedule optimization to play a crucial role in integrating Optimal Planning's expertise and IP into Fastbreak.ai's innovative platform.

Company Information

Company

Fastbreak AI

Location

Charlotte, North Carolina, United States

About

Fastbreak AI is the ultimate AI-powered sports operations engine, offering fully integrated solutions for scheduling, tournament management, and sponsorship activation. Fastbreak Pro is the leading sports scheduling platform, built for professional leagues to reduce logistical challenges and maximize the value of broadcast schedules. Driven by advanced artificial intelligence and machine learning, Fastbreak's products simplify operations and optimize league scheduling. The company aims to empower customers to deliver exceptional sporting experiences.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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