January 3, 2013 : BETTING PROMOTION NAMES NEW C.E.O.
 
Acting chief exec Jonas Ornstein appointed permanently
 
Several management changes have followed Tain's acquisition of 18 percent of sports betting information provider Betting Promotion Sweden AB.
 
Par Timby, the deputy CEO has resigned and departed whilst Malta-based CTO Christian Malmros is also on his way out.
 
Jonas Ornstein, who was acting as CEO, has now been appointed permanently to the post. He's been a member of the board since 2010, and was one of the founders of the company, in which he holds a 7 percent stake.
 
Ornstein is well-versed in technical development, having put together the initial version of Betting Promotion's odds setting and risk management software.