Daily fantasy sports players left stranded by the implosion of FantasyUp will be rescued by the iTEAM Network.

FantasyUp became the first high profile DFS casualty last month after it abruptly closed down while informing its players that it lacked the funds to (a) carry on operations and (b) refund its customers’ account balances.

On Tuesday, Legal Sports Report’s Dustin Gouker broke the news that the iTEAM Network had made arrangements to acquire FantasyUp. Terms weren’t disclosed, but iTEAM said it would relaunch the site on Wednesday and would “reinstate all players’ accounts making all winnings and balances available to customers.”

iTEAM, a DFS turnkey platform provider whose partner skins include poker great Phil Ivey’s new DFS operation PhilIveyDFS, said the resurrected FantasyUp would feature a new user interface. iTEAM also promised to establish “the requisite fiscal responsibility and back-end systems to ensure the site’s viability for the future.”