Crionet acquires majority stake in LIGR

Sport tech enterprise Crionet has acquired a majority stake in LIGR, a company offering cloud-based graphics, streaming and highlights solutions for sports at all levels. This strategic move is a part of Crionet’s broader project to establish itself as a prominent player in the sport tech sector.

Founded in 2016 in Sydney, Australia, LIGR is renowned for providing cloud-based live graphics solutions for sports broadcasts. Its platform empowers sports broadcasters, leagues and teams to create professional-quality animated graphics and automated highlights for live streaming and televised sports events, ultimately improving the overall sports viewing experience. The company already delivers solutions across a diverse spectrum of sports around the world, including American football, soccer, rugby, basketball and tennis.

Crionet’s acquisition of LIGR brings several key advantages. Firstly, it expands the company’s product portfolio with state-of-the-art solutions in the sport tech industry. Secondly, it enhances Crionet’s geographical presence, particularly in Oceania and the United States. By integrating LIGR’s technological capabilities, Crionet aims to offer an even more comprehensive range of services to its customer base, strengthening the ability to provide these services on a global scale. Both Crionet and LIGR share a commitment to delivering high-level services and innovation, making them well-aligned for this partnership.

Giorgio Garcia-Agreda, Crionet CEO, said: “This marks a crucial step towards realising our ambition of offering comprehensive solutions to rightsholders, leagues and broadcasting partners worldwide. We are thrilled to provide them with cutting-edge technologies such as the new generation of live graphics and innovative automatic streaming and highlights, while continuing to maintain our commitment to providing best-in-class service on a global scale.”

Luke McCoy, LIGR CEO, said: “In partnership with Crionet, LIGR is able to expand its distribution globally, enhance its product and foray into new sports. We are thrilled to be joining the Crionet Group and look forward to working with them to make live graphics, streaming and highlights more efficient for sporting teams, leagues and broadcasters efficient globally.”