TeamSnap continues growth with acquisition

BOULDER – TeamSnap Inc., a provider of online and mobile-app services to help people coordinate their sports and other activities, has acquired the assets of Easy Team Manager from Kranitz Enterprises Inc.

Financial terms of the deal between Boulder-based TeamSnap and Kranitz in Lone Tree were not disclosed.

This is TeamSnap’s third acquisition. Last year, the company acquired similar online companies Weplay and for undisclosed amounts.

Easy Team Manager provides online team management, including stats, rosters, photo gallery, messaging, scheduling and calendar features. TeamSnap announced on Tuesday it will launch a private beta site for TeamSnap Live this week. It provides a feature that will update scores and statistics through crowdsourcing. The acquisitions have helped TeamSnap increase its customer base to 7 million, the majority of which uses the company’s mobile app to schedule games, track player availability and statistics, as well as share photos and messages. Its app is available in English, Spanish and French, and has customers in 195 countries. Customers interacted with the service and mobile app more than 50 million times in July, according to the company. TeamSnap delivers its services online, through email and text messages, and on apps for iPhones, iPads, and Android phones and tablets. “Our mission has stayed the same since day one — help customers save time when it comes to managing their on-going teams and activities,” David DuPont, TeamSnap’s chief executive, said in a statement. “By bringing Easy Team Manager into the TeamSnap fold, we continue to address customer needs and are taking the next step on our growth path.” In June, TeamSnap was one of 10 companies from the region named to the list of 2014 Colorado Companies to Watch as part of an annual award program conducted by the Edward Lowe Foundation in conjunction with the Colorado Office of Economic Development and International Trade. TeamSnap has raised approximately $11 million in venture capital since it was formed in 2009. In February, it received $7.5 million led by Boulder-based Foundry Group. Other investors in that round included Torstar, Trinity Ventures, Toba Capital and Harris Barton.

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