Mergers & Acquisitions
By The Online Investor Staff, updated Fri., Feb. 3, 11:47 AM
| This Slide: #6 of 100 |
Slide #6. Elys Game Technology, Corp. — Engage IT Services, S.r.l.
Acquirer:
Elys Game Technology, Corp. (NASDAQ:ELYS)
Acquiree:
Engage IT Services, S.r.l.
Details:
Elys Game Technology, Corp. ("Elys" or the "Company") (NASDAQ:ELYS)(BER:3UW), an interactive gaming and sports betting technology company, today announced that it has completed the acquisition of a premium software engineering and IT development firm, Engage IT Services, S.r.l. ("Engage"). The firm offers best-in-class development of sportsbook and gaming applications for cloud, web, and mobile platforms, user experience development, customized business intelligence, digital transformation consulting, end-to-end project and product management, Microsoft solutions, and other engineering and development projects. The integration of the Engage team within our organization will greatly enhance our in-house engineering capabilities and addresses the abundance of incoming business, including the development of our US product offerings which includes retail opportunities and mobile solutions as well as the development of our global virtual gaming platform and global mobile solutions, while streamlining our current group engineering projects.
Elys Game Technology is a licensed gaming operator in the Italian leisure betting market providing gaming services through two distribution channels: an online channel and a land-based retail channel. Co. owns and operates a betting software named Elys Game Board, which is an omni-channel framework that combines centralized technology for updating, servicing and operations with multi-channel functionality to accept various forms of customer payment through the two distribution channels. Co.'s gaming products include: sports betting, online casino, poker and horse racing. Co. has a web-based platform under the branded website www.newgioco.it, which serves both players directly and web-shops.
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