Trinity Capital Announces Successful Growth Capital Investment for SportsMEDIA Technology Corporation

Transaction Overview:      

Trinity Capital LLC served as exclusive financial advisor to SportsMEDIA Technology Corporation and raised $12.5 million in growth capital funding from Vicente Capital Partners. SportsMEDIA will use the funding to grow its business by dedicating research and development (R&D) resources (i) to accelerate the introduction of new products, (ii) to migrate its current products to its next generation software platform, and (iii) to introduce its products into new markets. SportsMEDIA, headquartered in Durham, NC, is the industry’s leading provider of award-winning graphics, statistics and video enhancement software and solutions for live television sports broadcasts.

Founded in 1988, SportsMEDIA pioneered the first real-time scoring and wireless data system. SportsMEDIA continues to develop and deliver customized products and services to enhance the production quality and viewers’ experience of sporting events. The company has won 17 Emmy awards since 1993. SportsMEDIA’s solutions have been used at the most prestigious sporting events including the Super Bowl, NBC Sunday Night Football, the Indianapolis 500, the NCAA Final Four, the Kentucky Derby, ESPN Summer and Winter X Games, NBA on TNT, NASCAR and NHL. SportsMEDIA’s customers include all major broadcast television companies as well as several regional and specialty sports networks.