Through the partnership, the supplier is hoping to increase its focus on equipment integrity, player behaviour analysis, integrity checks and risk credibility.
LFS will provide NetEnt with processes to detect advantage play methods, such as card counting and tracking, roulette prediction, robot play and bonus abuse, as well as cheating, collusion and shuffle quality analysis.
Andres Rengifo, Director of NetEnt Live, said: "We are committed to maintaining the highest levels of integrity to offer the safest and fairest live gaming experience for operators and players.
"This involves us constantly reviewing our offering and adding LFS’s tools to NetEnt Live, to advance these capabilities to be the most robust possible."
Toms Andersons, CEO of LFS, said: "We are delighted NetEnt has chosen to partner with LFS. We are looking forward to working closely with the NetEnt Live team to deliver a product that achieves maximum levels of integrity."
NetEnt increased its portfolio last month after acquiring Red Tiger Gaming in a £220m ($270m) deal.