July 6, 2000
EQUIBASE ACQUIRES AXCIS INFORMATION NETWORK, INC.
Equibase Company LLC today announced the acquisition of AXCIS Information Network, Inc., a leading provider of electronic handicapping information through its TrackMaster brand.
"By applying its expertise to manipulate raw Equibase data, AXCIS has developed one of the most comprehensive lines of quality handicapping products for racing fans available today," said Equibase chairman, Alan Marzelli.
"AXCIS has also been extremely active in the business-to-business side of racing, delivering information-based products and services to racing’s interactive platform providers. We will continue those efforts and create and distribute a whole new generation of TrackMaster products and services that utilize both traditional and new media in support of industry-wide efforts to grow racing’s fan base," Marzelli added.
California-based AXCIS was founded in 1989, and was the first electronic distributor to sell products using Equibase data, having launched their service in 1993. Through its TrackMaster brand, AXCIS offers products for every level of handicapping skill, from the casual fan to the most sophisticated player, and is the only company to provide a line of handicapping products for the three major racing breeds -- Thoroughbred, American Quarter Horse and Standardbred.
"Joining forces with Equibase enables us to look after the best interests of our valued customer base by further building upon the sound framework we’ve created over the last decade and providing opportunities to expand the market penetration of our core TrackMaster product line," said AXCIS president, David Siegel. "Equibase has the technical expertise and resources to take TrackMaster to the next level."
The acquisition gives Equibase ownership of the TrackMaster Speed, Pace and Class Ratings which appear in Equibase's own electronic fan friendly product line in addition to past performances in live and simulcast race programs nationwide. It also provides another significant opportunity for future growth across breed boundaries as a result of AXCIS’ exclusive agreement with the United States Trotting Association for the distribution of harness racing past performance information. Equibase already provides complete access to American Quarter Horse information, in cooperation with the American Quarter Horse Association.
Equibase Company LLC is a partnership of The Jockey Club and the Thoroughbred Racing Associations of North America, and is the Thoroughbred industry’s Official database for racing information and statistics. AXCIS will be a wholly owned subsidiary of Equibase Company and will maintain its current web presence at www.trackmaster.com.