ARC says the acquisition aligns with its strategy of investing in technologies that it can vertically integrate, such as content, broadcasting and distribution.
The racing company will integrate Vermantia’s full product portfolio, and the supplier intends to continue the development of its product line, adding new features to its existing portfolio.
Furthermore, Vermantia has confirmed it will have a new leadership team now that it has been acquired, with Vermantia Founder Filippos Antonopoulos set to become ARC's Strategic Consultant.
Meanwhile, ARC’s Director of Media Technology & Production, Mark Kingston, has been appointed to the board of directors at Vermantia.
Kingston said: “ARC has been a major shareholder in the Vermantia business for several years and completing the acquisition of the business reflects the group's commitment to growing the content distribution business.”
Antonopoulos also commented: “This combination recognises the work done by our team over the last years through its commitment to innovation in omnichannel content and distribution technologies as well as in Vermantia’s international expansion.
“We are glad to join fully ARC and further elevate Vermantia’s leadership through its scale.”
Vermantia CEO George Fotopoulos finished: “Fully joining forces with ARC is recognition of the power of Vermantia’s solutions and its commitment to deliver cutting-edge technologies to the entire gaming industry.
“There are numerous product synergies between the two companies as we are moving forward, with plans to form a powerful business that unlocks multiple new projects and a brand-new approach to media rights & broadcasting."
