GTECH announced that its wholly owned subsidiary GTECH UK Interactive Limited has completed its acquisition of the entire issued share capital of U.K.-based mobile gaming solutions supplier Probability, in a cash transaction valued at million.
“With the mobile gaming market poised for significant growth over the next several years, we view the acquisition of Probability as a logical stepping stone for advancing our mobile gaming strategy both internationally and in the U.S.,” said Renato Ascoli, GTECH’s president of products and services. “Probability’s unique content service offerings and its exclusive game development and management platform will further advance our mobile strategy.”
“This acquisition will facilitate the immediate pooling of knowledge and expertise currently within GTECH and Probability,” added Probability CEO Charles Cohen, “allowing us to accelerate deployment of existing game technology into the mobile market as well as pursue cross-selling opportunities.
“The combination of GTECH’s global presence and the market efficacy of our integrated solutions will position us to take advantage of Gaming 2.0—the next critical phase of the gaming market characterized by the dominance of mobile.”
