STS completes acquisition of Greep Ltd.

STS

stsgreep
has finalised its acquisition of Greep, Ltd. – a Czech software provider for gaming operators who offer mutual bets and lotteries in Europe.

As one of major shareholders of the Czech company, STS became a co-owner of bookmaker system Betsys, which is used by Greep. STS believe that this investment will allow for further development of activity in the Polish and European market.

Sports betting operator STS strives to adapt to changing consumer trends, adding mobile software applications for Android system and iOS and eSports odds to its offerings. The company also broadcasts nearly 2,000 sport events each month via STS.TV.

Greep’s services of are used by other leading operators in Poland, such as Sazka – the biggest lottery operator in Czechia. Greep has 48 employees and reaped revenues of approximately PLN 7.7m in 2016.

Mateusz Juroszek, President of STS, says: “For STS, this agreement means greater independence from providers, as well as the assurance of further development.

“Only the best European companies from our field are afforded their own bookmaker system, and his competitive advantage will allows us to continue operating in Poland. We take pride in investing in modern solutions for our players, and Greep will help us to begin development outside of Poland.”

Jiri Najman, President of Greep, comments: “The Integration of Greep with STS not only affirms the high quality of our services, but most importantly allows us to expand our range of competences. Obtaining an investor such as STS means that we can expect to develop and strengthen our position in this market, thus we will consider opening a shared development centre in Poland.”
Premium+ Connections
 
Premium

Revsharks

 
Premium

Lynon

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium

RISK

 
Premium

Digitain

 
Premium

PIN-UP Partners

 
Premium

Sport Generate

 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...