Friday May 22,2015 : CANADIAN GAMING SOFTWARE FIRM IN BID TO ACQUIRE GERMAN RIVAL
Having failed in a bid for Chelbis, Toronto-based Contagious Gaming has its sights on Digitote.
Thwarted in a bid to take over the UK online bingo supplier Chelbis recently, the Toronto-based online gambling software developer Contagious Gaming has signed a letter of intent to acquire the well-established German sportsbook software provider Digitote.
In a press statement advising its intentions, management at Contagious said the Digitote deal was worth Euro 5 million, to be paid through a mix of cash on hand, Contagious shares and a vendor arrangement.
Explaining the rationale behind the deal, Contagious Gaming CEO Peter Glancy said the acquisition of Digitote's technology would be invaluable in expanding his company's sportsbook product for a wider range of clients.
“The acquisition of Digitote expands Contagious Gaming’s sports betting offering by enabling us to provide our customers with a multi-channel live in-play and pre-match fixed odds sports betting platform alongside our proprietary in-play pari-mutuel Goal Time offering,” Glancy said.
“Digitote’s software has a 30-year history as an extremely robust sports betting platform with a proven track record of handling over $10 billion of web, mobile and land-based wagers throughout Europe.”
Digitote's Xturf B2B platform is used by major European operators like Betcenter and Digibet.