Rename platform provider to Pragmatic Solutions.

Investment firm IBID Group has bought a majority stake in gambling platform provider Riverplay for an undisclosed consideration.

The acquisition complements IBID’s recent purchase of mobile and desktop casino games provider, Pragmatic Play and online payments company, Dalberry late last year.

IBID has renamed Riverplay Pragmatic Solutions.

David Barzilay, chief executive officer of IBID Group, said: “Pragmatic Solutions makes an excellent addition to our online portfolio. As a high-growth business, it fits wholeheartedly with our investment strategy. The management team shares our values of hunger and desire to shake up the industry and grab market share. We look forward to working with the management team to unlock value and expedite the company’s growth.”