• Catapult acquires Perch, a leader in athlete monitoring in the gym
• Acquisition strengthens Catapult's ability to deliver comprehensive athlete training ecosystem
• Deal is accretive to Catapult's Rule of 40 profile and reflects disciplined approach to growth

Catapult Group International Ltd (ASX:CAT), the global leader in sports technology solutions for professional teams, has announced the strategic acquisition of Perch (Catalyft Labs, Inc.), a next-generation leader in athlete monitoring in the gym for elite teams. Born out of the Massachusetts Institute of Technology (MIT), Perch combines advanced computer vision and AI to deliver real-time, automatic tracking of athlete strength training. The acquisition positions Catapult to deliver the most comprehensive and versatile performance tracking solutions in the market, by integrating weight room insights with on-field performance data. This will empower teams to make faster, more informed decisions within a single, seamless platform. The acquisition also accelerates Catapult's AI capabilities, leveraging computer vision algorithms trained on over 25 million reps from more than 40,000 unique users worldwide. Catapult acquired Perch on June 4, 2025 for US$18 million, with US$3 million paid in cash at closing and the remainder paid in four tranches of Catapult shares. Perch shareholders will also be eligible for an earn-out of up to US$10 million in Catapult shares over the period June 2027 to May 2028, contingent on achieving key ACV growth milestones.

The acquisition strengthens Catapult's Performance & Health vertical and accelerates its mission to deliver intuitive, end-to-end solutions for professional sports. By integrating weight room insights with on-field performance data, Catapult is empowering teams to make faster, more informed decisions within a single, seamless platform.