Elys agrees deal to acquire Engage IT Services
Elys has acquired software and IT company Engage IT Services with the intention of integrating it within the core business.
The purchase is a 100% acquisition of shares, making Engage a subsidiary of Elys – while the leadership team from Engage will remain in place due to the equity nature of the transaction.
Now that the deal has been concluded, Elys believes the acquisition will enhance user development, business intelligence, digital transformation consulting and project management.
Michele Ciavarella, Executive Chairman of Elys Game Technology, said: “With the acquisition of Engage, we fulfil our strategy of creating a prominent in-house engineering base for the Group.
“Engage brings the perfect blend of engineering excellence, overlapping corporate culture, and regional presence that we are confident will make a lasting positive impact on Elys, leveraging their resources and years of experience to expand our service offerings and enhance our services to our customers and employees.
“Prior to the acquisition of Engage, our global team of strategists, designers, and technologists had worked almost exclusively with Engage to create powerful digital experiences for users and platforms designed to facilitate rapid development and delivery of customised sportsbook applications.”
Ciavarella submitted written testimony to the Senate Standing Committee On Racing, Gaming, And Wagering – pointing out the benefits of expanding legalised sports wagering to retail business establishments throughout New York.
Elys’ deal is one of several M&A transactions to have taken place since the turn of 2023 in gambling.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
