- Phenix Real Time Solutions specializes in ultra-low-latency video streaming technology, delivering broadcast-quality video with less than half a second of latency, primarily targeting the sports and betting markets.
- In January 2026, Stats Perform acquired Phenix's assets for approximately $7 million, including 21 patents, after Phenix faced significant financial losses and was put up for sale by KB Partners in June 2025.
- Phenix's technology has been utilized by major clients in the sports betting industry, enhancing in-play betting experiences and audience engagement, with proven results during large events like Cheltenham.
- The ideal buyer for Phenix's solutions includes broadcasters and sports betting operators seeking to improve viewer engagement and reduce latency-related issues, making their offerings particularly relevant in the rapidly evolving landscape of live sports and betting.
Phenix Real Time Solutions operates with a total of eight departments, with the Executive department comprising the largest headcount at four employees. Engineering and Information Technology each contribute two employees, reflecting a strong focus on technical capabilities. The remaining departments, including Marketing, Community and Social Services, Operations, Education, and Other, collectively account for the remaining workforce, indicating a diverse functional mix that supports various aspects of the business.
The company is primarily concentrated in Chicago, Illinois, which houses seven employees. Other locations include Mason, Ohio; Irving, Texas; Cambridge, Massachusetts; and Richfield, Ohio, each with one employee. The presence of six employees categorized under 'Other' suggests a distributed workforce model, allowing for flexibility and potentially remote work arrangements across various regions.
