In a move set to reshape the dynamics of the global racing and sports data industry, Racing and Sports (RAS) has forged a strategic partnership with Waterhouse VC. This agreement aims to accelerate growth and expand market reach for RAS, leveraging the expertise and extensive network of Waterhouse VC.
Partnership Overview
Racing and Sports, a prominent player in the racing and sports data sector, has entered into a strategic partnership with Waterhouse VC, a well-established venture capital firm. The primary goal of this alliance is to capitalize on RAS’s core products and services, including its cutting-edge trading technologies. Waterhouse VC will offer advisory services related to sales referrals, acquisitions, and other commercial ventures, providing RAS with enhanced opportunities for growth and expansion.
Stephen Crispe, CEO of RAS
Stephen Crispe expressed enthusiasm about the partnership, highlighting RAS’s impressive growth over the past three years. Since its IPO, RAS has significantly evolved and is well-positioned to support the global racing industry. Crispe anticipates that the collaboration with Waterhouse VC will unlock substantial value and drive further growth.
“We continue to see strong growth ahead for the business with a record pipeline of opportunities across all geographies,” Crispe stated. “We believe that the relationship between RAS and Waterhouse VC will be a strong partnership and seek to unlock value across many opportunities around the globe.”
Tom Waterhouse, Managing Director of Waterhouse VC
Tom Waterhouse praised RAS for its leadership in the racing and sports data industry, noting the management team’s deep sector experience. Waterhouse VC aims to leverage its extensive network and industry expertise to foster commercial partnerships and drive significant revenue for RAS.
“Waterhouse VC identified Racing and Sports as a leader in the racing and sports data industry with a management team that has lived and breathed this sector for decades,” Waterhouse commented. “We see significant opportunities to leverage the Waterhouse VC network to deliver commercial partnerships and potential significant revenue for RAS.”
Broader Context: Australian Gambling Reform
In parallel with this strategic partnership, the Australian gambling industry is facing heightened scrutiny. The Alliance for Gambling Reform has recently made headlines with an open letter signed by 60 prominent figures, advocating for a ban on gambling advertisements. This development underscores the increasing pressure on the gambling sector to address concerns related to advertising and its impact on consumers.
The strategic partnership between Racing and Sports and Waterhouse VC marks a significant milestone in the evolution of the global racing and sports data industry. By combining RAS’s advanced technologies with Waterhouse VC’s advisory expertise and extensive network, the alliance is poised to unlock new opportunities and drive growth.