Catapault snaps up Athlete Management System for $1.9m

Company News

by Jessica Amir

Catapault (ASX:CAT) has snapped up a leading Athlete Management System (AMS) for elite and prosumer markets for $1.9 million.

As part of the deal the company that provides scientifically-validated metrics to advance athlete performance, will buy SportsMed Elite and Baseline Athlete Management System (AMS) products and clients.

Catapult will also recruit key personnel from SMG Technologies.

The company says the deal is pivotal to its evolution as the global market leader in elite sports analytics.

Shares in Catapault (ASX:CAT) are trading 2.66 per cent lower to $1.92.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.