ANOKA, Minn. - In a strategic move to enhance its golf technology and gaming offerings, Revelyst, a segment of Vista Outdoor Inc . (NYSE: NYSE:VSTO), has acquired PinSeeker, a company specializing in virtual golfing tournaments and connectivity applications.
The transaction, announced today, integrates PinSeeker's capabilities with Foresight Sports, a leading golf launch monitor and simulator manufacturer, under Revelyst's Precision Sports Technology platform.
PinSeeker's app allows golf enthusiasts to engage in real-time, virtual, closest-to-the-pin competitions, with the option to play for free or for real money. This acquisition is seen as a response to the growing market demand for skill-based gaming in the golf sector and is expected to accelerate the development of Foresight Sports' digital game and content platform.
The integration promises to enrich the user experience for off-course golfers by combining PinSeeker's unique application with Foresight Sports' launch monitors and simulators. Revelyst anticipates that this will strengthen its position in the industry and expand its software offerings, thus enhancing its ability to engage with consumers through modern, technology-driven platforms.
PinSeeker will now be part of Foresight Sports' digital ecosystem, potentially transforming the off-course golf experience by leveraging the synergy between PinSeeker's software and Foresight Sports' hardware. This partnership is aimed at capitalizing on the increasing number of off-course golf participants, which grew by 18% to 33 million in 2023.
The revenue models from PinSeeker, including tournament and sponsorship income, are expected to provide Revelyst with additional resources to reinvest in its brands and expand the gaming ecosystem.
The information for this article is based on a press release statement.
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