Sports media company LiveScore Group has announced the full acquisition of South Africa-based software development specialist Wonderlabz.
The Wonderlabz deal has been agreed just over one year after a £50m (R1.14bn) strategic investment into LiveScore Group from Swiss-based media and tech firm Ringier AG.
LiveScore Group initially had 25% ownership of the development specialists before the full acquisition.
“I’m thrilled to announce our acquisition of Wonderlabz, one of the most exciting businesses in the global software development space,” said Sam Sadi, Chief Executive Officer of LiveScore Group. “We have grown our relationship with the fantastic people and experts at Wonderlabz over many years, and their stand-out Lithium PAM platform has played a critical role in the ongoing success of our industry-leading convergence strategy. I’m personally excited to work even closer with the team in Cape Town to help continue to develop a world-class tech hub in the area, one which increases the technical capability of our business and will fuel the potential for further growth. Welcome to the LiveScore Group family, Wonderlabz.”
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Wonderlabz specializes in “servicing and solving complex operational challenges for large online gaming clients. At our core, we are expert problem-solvers and we work hard to deliver gaming software of the highest quality, every time, for every client,” says the Wonderlabz website. “We push the boundaries of gaming design and development, aiming at all times to provide advanced solutions to complex operational challenges.”
Ben Johansen, Chief Executive Officer of the Wonderlabz Group, added: “This is a hugely exciting day for Wonderlabz, as we officially join the pioneering LiveScore Group family. Over recent years we have built an outstanding business centred on world-class software development talent, working with the likes of LiveScore Group to develop industry-leading tech solutions. There is no doubt that in LiveScore Group, we join one of the most forward-thinking and innovative businesses in the sports media and betting worlds. I cannot wait for our people to continue playing a key role in what comes next.”