Baltimore, Maryland (PRWEB) March 29, 2013
In a statement issued today from their Maryland headquarters, Blue Cheetah Sports Timing has announced that they have completed the acquisition of the road race timing division of Delaware-based Piranha Sports, LLC. Piranha Sports is an industry leader in multi-sport event management, triathlons, and road race timing and management.
The acquisition of the road race division of Piranha Sports furthers Blue Cheetah's strategy of increasing regional market share in the road race timing segment through targeted acquisitions, industry consolidation, and strategic partnerships.
Blue Cheetah Sports Timing is a road race timing and management company that uses technology and proprietary systems to leverage runner data which results in an increased participant experience with fully customizable and personalized services and results.
In a statement from Blue Cheetah, Christopher D. Shelton – the company's Founder and CEO – had the following to say regarding the acquisition, “We are very excited by today's announcement. The addition of Piranha's events, human capital, and added hardware into our current offerings will allow us to expand upon their stellar reputation while offering new and exciting events, technology, and expertise to our current and prospective customers as we move forward.”
Piranha Sports Founder and CEO, Neil Semell, issued the following statement from the company's Delaware headquarters, “It was after careful consideration and a comprehensive selection process from many local and national companies that we chose to sell our road race timing division to Blue Cheetah. We felt that Blue Cheetah would be a perfect fit to fulfill the high expectations we set forth in the road race timing industry. We (Piranha) can now focus on the core component of our business, triathlons and duathlons.“
Contracted events will be transitioned to Blue Cheetah over the next 6-12 months, and road race division team members will be utilized by Blue Cheetah for existing and future races. The two privately held firms did not disclose the financial terms of the acquisition.
Legal & Media Contacts:
Blue Cheetah Sports Timing, LLC.
Attn: George Robinson, Esq.
c/o Robinson | Robinson, LLC.
139 N. Main Street - Suite 101
Bel Air, Maryland 21078