- GlobalTech Corporation acquires exclusive worldwide license of CricksLab's Core Engine software.
- The acquisition focuses on expanding CricksLab's technology to baseball and softball, targeting key international markets.
- Acquisition executed through an all-stock transaction completed on April 7, 2025.
GlobalTech Corporation (OTC:GTLK), a leading U.S.-based technology investment holding company, has secured an exclusive worldwide license to CricksLab's Core Engine software. This strategic move, finalized on April 7, 2025, through an all-stock transaction, enables GlobalTech to adapt and develop software solutions for bat-and-ball sports, including baseball and softball, expanding CricksLab's original focus on cricket.
The acquisition signifies GlobalTech's entry into the sports vertical, strategically targeting markets in the United States, Latin America, Japan, and Australia where baseball and softball enjoy significant popularity. This expansion is viewed as a means to drive value creation by leveraging CricksLab’s technology in professional sports tracking and league organization.
GlobalTech CEO Dan Green highlighted the potential improvements this expansion offers enthusiasts in these sports. By adapting CricksLab's innovative technology, GlobalTech aims to enhance the way fans experience and engage with their favorite sports globally.
The details of this strategic move and further implications on the company's direction can be found in GlobalTech's Current Report on Form 8-K filed with the Securities and Exchange Commission.
