Minneapolis-based start-up Sport Ngin, the nation's "largest provider of web software and mobile applications to manage youth, amateur and professional sports," has been "sold to NBC Sports Group," according to Jackie Crosby of the Minneapolis STAR TRIBUNE. The sale gives Sport Ngin access to "more capital as well as exposure that comes from being part of an organization with international reach and built-in name recognition." Terms of the deal, which closed July 1, "were not disclosed." Employees were "told about the sale on Monday." Sport Ngin has "landed deep-pocketed investors," including a $25M investment from Piper Jaffray Merchant Banking and Causeway Media Partners" in '14. The company overall "has reeled in" about $39M to help "fund its growth." Sport Ngin's "clients include USA Hockey, USA Wrestling and Hockey Canada, as well as the Star Tribune, which uses the platform to produce its network of high school sports websites." Sport Ngin co-Founder & CEO Justin Kaufenberg said that the company will "remain in place and expects no changes to its staff or leadership team, which includes three of the four co-founders" (Minneapolis STAR TRIBUNE, 7/13).
