Stats Perform acquired the assets of the ultra-low-latency tech company Phenix Real Time Solutions for approximately $7 million, including 21 patents. Stats Perform also rehired most of the former employees, with approximately nine coming over.

In June of 2025, VC firm KB Partners put the assets of Phenix Real Time Solutions up for sale after the company continued to lose money, to the tune of almost $10 million last year, on sales of about $4 million.

No vendor can survive by selling a low/ultra-low latency solution as a stand-alone offering, as it must be sold as part of a larger video platform. This is exactly why the asset acquisiton makes sense for Stats Perform, which offers data collection and predictive analysis services tied to fantasy sports and sports betting. Ultra-low-latency tech can also help prevent piracy, a topic Stats Perform is discussing with leagues, OTT platforms and rights holders.

In the betting world, ultra-low-latency tech is needed to improve fan engagement, and Stats Perform has customers including the Premier League, WTA, FIBA, La Liga, and Serie A. Stats Perform is also FIFA’s first-ever official global distributor for betting data and live streaming rights, so it will be interesting to watch if FIFA wants to leverage any of the tech within their services. I can also think of how the ULL tech might be used to keep video in sync within a multiview feed.

Stats Perform tells me that while Phenix’s WebRTC-based tech works really well, Phenix never built the platform to scale or be cost-effective. Phenix never shared many details about its costs, but it once admitted that its platform was not designed to support more than 500,000 concurrent streams and that the overhead was expensive, even when it wasn’t being used.

Stats Perform has relaunched the Phenix tech within its platform, having already cut operating costs in half and continues to scale the tech, further reducing costs. This is exactly how ULL technology should be deployed, as a feature of a larger platform, not as a stand-alone service. Stats Perform will be well-positioned to monetize the tech across its entire platform for teams, leagues, broadcasters, betting companies, and social media. Stats Perform dominates its industry with an annual run rate of more than $550 million, nearly 2,800 employees and owns more than 560 patents.