GLI Group acquires remaining shares in iTech Labs

Gaming Laboratories International (GLI Group) has acquired all of the remaining shares in iTech Labs.

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Having been operating since 2004, the gaming testing laboratory iTech Labs is now a wholly owned subsidiary of GLI Australia Pty Ltd. ITech Labs is currently testing from multiple locations, across Australia, Asia and Europe.

GLI Group is a land-based lottery and iGaming testing and assessment service. GLI Group provides suppliers, operators and regulators with guidance for their future in the gaming industry, as well as ensuring they are meeting regulatory standards. Since being founded in 1989, GLI now has a network of laboratories across six continents. 

This acquisition allows iTech's clients to gain access to GLI's network of laboratories and relationships with regulators across the world. The financial details of the transaction were not disclosed.

President at GLI Group, James R. Maida, said: "We are pleased iTech will continue to be branded as iTech and will operate as they have over the past 19 years.

"We are pleased that Kiren Sreekumar, Geoff Nicoll, Nani Srinivasan and the entire management, testing and sales teams will continue to operate and be licensed in the jurisdictions they serve.”

CEO at iTech Labs, Kiren Sreekumar, commented: "The GLI Group shares our values and deep commitment to providing our customers best-in-class service and are exceedingly pleased with this investment.

"While iTech has achieved great success over the past many years, with the GLI Group's support we are confident iTech's growth will be enhanced and thereby benefiting our customers." 

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