× Gambling News In-Depth iGaming Calendar Gaming Stocks Connections GI Friday Trafficology GI Magazine GGA 2017 AffiliateCon
NEWS 19 June 2017
Sporting Index completes Touchbet acquisition
By Tom Lewis
The Sporting Index Group has announced its acquisition of Touchbet, the algorithmic sports trading and risk management firm.

Based in Sweden and Malta, the industry provider will enhance the risk management capabilities of the Sporting Index Group’s B2B division, Sporting Solutions.

Founded in 2006, Touchbet manages risk on an average yearly betting volume of approximately €4bn, and maintains all of its core systems in-house, keeping it consistent with the Sporting Index Group’s ethos of building and owning all of its own technology.

Simon Trim, CEO of the Sporting Index Group, said: “Touchbet has extensive experience of providing highly automated risk management services, both for lotteries that offer sports betting and for private operators in regulated jurisdictions.

“This acquisition strengthens the group’s competitive advantage in trading and risk management and builds on the excellent momentum and exciting growth we have achieved over the past 12 months.”

Ralfh Backlin, CEO of Touchbet, added: “We believe that combining the capability of Touchbet further improves Sporting Solutions’ market-leading proposition. Together we provide an end-to-end sports betting solution for the B2B market that is unsurpassed in terms of breadth, depth and expertise.”

RELATED TAGS: Mergers & Acquisitions
DISCUSS THIS ARTICLE
IN-DEPTH 14 August 2017
Kindred: Out with the old and in with the multi-brand strategy
Gambling Insider sits down with Kindred’s Chief Commercial Officer, Ebba Ljungerud to discuss the company’s focus on its multi-brand strategy, and why re-naming the group plays an essential part in creating greater conditions for future growth
READ MORE
PREMIUM CONNECTIONS