Continues to invest and acquire to fuel its large eco-system
Ponte Vedra Beach, FL (March 20, 2015): CEO led management purchase and consolidation of relevant golf businesses has created one of the largest and fastest growing golf ecosystems in the industry. G2 – Golf Innovation Labs LLC, led by CEO John Fechter, and powered by prominent hi-tech investors and influential partners in the golf industry, assumed management control effective January, 2015. The goal of the new group is to capitalize on the marketing and growth synergies across the platform. Additionally the new company will invest in both traditional and emerging digital businesses and products that complement its brands and distribution channels.
“We are evaluating all the synergies between the companies over the next 90 days as well as continuing to scan the landscape for more acquisition or investment opportunities”, said John Fechter. “We have invested heavily in the digital golf space over the past 24 months, and look forward to building a combined innovative vision to support the overall growth of the game, for consumers and operators alike.”
Entities acquired include; Golf Experiences LLC, which focuses on golf travel experiences, golf instruction and dynamic golf marketing; OpenTee, an innovative new direct to consumer tee time reservation system that is in beta testing; GolfSwitch, a pioneer in the tee time sales space, provides patented interface-technology which gives course operators the ability to present their tee time inventory across GolfSwitch’s network of resellers. GolfSwitch generates more than $50 million in tee time transactions annually; and GolfSwitch International which integrates with over 1,200 direct golf course relationships.
Fechter addressed his new collaborative management team with a strong message “this union of companies combines proven effective technology with one of the industry’s largest digital engineering teams, dynamic marketing strategies with massive channels of distribution and one of the world’s largest opt-in email database. With our dedicated focus, growth capital and this team’s collective intellectual property, we expect to continue to experience rapid growth of our eco-system”.
OpenTee is an online tee time reservation system that lets golfers’ book rounds in seconds from their computer or mobile device, providing a modern and fast booking experience for the consumer. OpenTee connects golfers to courses and courses to golfers, with an intuitive and user friendly platform. To learn more about OpenTee, visit www.opentee.com
Started in 1998, GolfSwitch is recognized as the pioneer in on-line business solutions for golf course operators. As one of the first to provide tee-time booking engines integrated into golf course websites and tee-sheets, GolfSwitch has steadily grown its product portfolio to include course-branded mobile applications as well as the industry’s largest network of tee-time distribution channels. The technology leader is also helping course operators maximize tee-sheet revenue with the most advanced yield management system designed to optimize tee-time pricing. Today, thousands of golf courses worldwide rely on the Scottsdale-based company for proven on-line solutions that drive business results. For more information, visit www.golfswitch.com
Contact: Danny Falero – VP Marketing
Contact: John Fechter – CEO