Clubessential, a provider of membership and club management solutions to the private club, college athletic and health and fitness markets, acquired Stretch Internet, a Phoenix, Arizona-based developer of streaming video technology.
The amount of the deal was not disclosed.
Led by Ryan Ermeling, Founder, President & CEO, Stretch Internet develops streaming video technology that delivers high quality, real-time, immersive video broadcasts of more than 70,000 live college sports events a year.
The company has over 500 clients.
Founded in 2002, Clubessential provides a full suite of membership and club management Software as a Service solutions to private clubs, health & fitness clubs and college athletic programs through the Clubessential, ClubReady and PrestoSports brands. The company offerings consist of websites, mobile apps, accounting, point-of- sale, payments, CRM, reservations, camps and statistics software solutions which help over 1,400 private clubs, 2,500 fitness clubs and 950 college athletic programs attract, engage, and retain their members and fans.
It is majority owned by investment firm Battery Ventures.