Verona-headquartered Octavian Gaming Solutions has acquired a 50 percent stake in WorldMatch for an undisclosed consideration.
The new company structure will make it possible to capitalise on Octavian’s experience in gaming content production with development sites in Italy, Russia and England while gaining a presence in World Match markets in the design of online gaming platforms and associated products, the presser reads.
“Our 50% capital of WorldMatch represents an important diversification for our group: on the one hand it allows us to make the omnichannel distribution for our vast game content portfolio immediate and widespread, thanks to WorldMatch B2B integration with the main players in international regulated markets,” Simone Pachera, Octavian’s CEO, said.
“On the other hand it allows us to merge the know-how of our development teams with the high technical skills of the WorldMatch team, and also sharing expertise in order to create solutions for the retail market.
“It is a win-win approach characterised by a mutual synergy, with the aim of achieving new goals for product quality and customer satisfaction.”
World Match CEO, Andrea Boratto said the strategic acquisition allows World Match to accelerate its growth path while taking full advantage of the next convergence of online and terrestrial gaming.
“We are excited by the idea of being able to distribute our contents also in retail market and I am convinced that the merger of the skills of Octavian and WorldMatch represents a very important strategic asset that will guarantee the acquisition of larger market share,” Boratto said.
WorldMatch will continue to operate autonomously under the direction of Andrea Boratto. The position of Chairman of the board of directors has been entrusted to Mauro Crivellente, who holds the same role in Octavian.