Orbis strengthens its position across the betting and gaming industry through acquisition of Alphameric Solutions Ltd7 May 2010
Orbis, a leading provider of integrated gaming and betting solutions, announces today that it has entered into a conditional agreement with Alphameric plc to acquire the entire issued share capital of Alphameric Solutions for a total cash consideration of £15.475 million.
Since 1984, Alphameric Solutions has provided seamless software and hardware technology to major and independent bookmakers in the UK and Ireland, which include Ladbrokes, William Hill and the Tote. The deal will significantly enhance Orbis' position as the technology platform of choice for the gaming industry. It will also enable the company to expand its client base whilst delivering consistently high quality technology solutions to existing customers already using Orbis‟ market leading OpenBet platform (www.openbet.com).
David Loveday, Chief Executive of Orbis Technology said; "The acquisition of Alphameric Solutions is a fantastic opportunity for Orbis to strengthen its position at the forefront of the gaming technology industry. Alphameric Solutions will be a good fit for Orbis, especially as we already share a number of customers."
"Together we will have the skills, product innovation and technical excellence to take advantage of increasing opportunities across the global gaming sector. We look forward to building on their success as market leaders in the retail space and provide an enhanced gaming offering to new and existing clients."
Peter Bertram, Chairman of Alphameric said, "We have over the years developed Alphameric Solutions to become one of the leading technology suppliers to the UK betting industry, with an outstanding team of highly talented staff. I am sure that Orbis will build on the great success that Alphameric Solutions has enjoyed to date and we wish Orbis every success in the future."
About Orbis Technology Ltd (www.openbet.com) Established in 1996, Orbis Technology Ltd, a NDS company, is the leading provider of interactive gaming and betting solutions. Orbis develops pioneering front-end and back-office solutions, from unique and compelling games to sophisticated management and reporting tools.
By utilising the Orbis OpenBet™ software platform with its unique 'One Account, One Wallet' solution, operators are able to provide their customers with the ability to bet and play in multiple languages and currencies across multiple products and platforms, including web, mobile devices, retail outlets, call centres and interactive digital television, all with a single log-in. The OpenBet platform and products are used and trusted by the worldʼs leading gaming operators including Ladbrokes, William Hill, Paddy Power and Betfair.
Each of Orbis’ customer agreements includes an undertaking from the customer that its gaming operations that use Orbis’ software will not involve players in the United States or any other jurisdiction where such gaming operations are prohibited by law.
For more information on Orbis/OpenBet, please visit www.openbet.com
David Loveday, Chief Executive
Susanna Underwood, Director of Communications
+44 (0)20 8742 1600
About Alphameric Solutions Ltd
Alphameric Solutions Ltd is focused on the provision of end-to-end technology to high street bookmakers, predominantly in the UK and the Republic of Ireland. It delivers a comprehensive range of integrated software and hardware to major bookmakers and the independent bookmaking marketplace. Customers include William Hill, Ladbrokes, Coral and Tote together with many of the larger and smaller independent bookmakers.
Alphameric Solutions Limited is registered in England and Wales under registered number 2730742 Registered Office: Bishopsgate House, Broadford Park, Shalford, Guildford, Surrey GU4 8ED
About Alphameric plc
Alphameric is a 50 per cent. shareholder in a joint venture company, AMRAC, which holds exclusive licences with 31 racecourses to broadcast pictures, audio and data from these courses to licensed betting offices within the UK and the Republic of Ireland on its television channel, TurfTV.
Alphameric PLC is registered in England and Wales under registered number 957155 Registered Office: Bishopsgate House, Broadford Park, Shalford, Guildford, Surrey GU4 8ED
NDS Group Ltd creates the technologies and applications that enable pay-TV operators to securely deliver digital content to TV STBs (set-top boxes), DVRs (digital video recorders), PCs, mobiles and other multimedia devices. Over 70 of the world’s leading pay-TV platforms rely on NDS solutions to protect and enhance their businesses. VideoGuard® is the world’s market-leading conditional access (CA) and digital rights management (DRM) technology, currently deployed on 116 million active devices, and safeguarding pay-TV service revenues exceeding $40 billion. NDS middleware, including MediaHighway® which enables a host of advanced services for subscribers, has been deployed on 135 million devices. NDS DVR technology, centred around XTV™, leads the global industry with 25 million units deployed. (Deployment figures as of 31st December 2009).
Headquartered in the UK, NDS remains committed to investing in R&D with over 75% of its employees dedicated to pioneering work at development centres in China, Denmark, France, India, Israel, Korea, UK and US. NDS has also implemented a host of initiatives aimed at reducing its carbon footprint and helping digital TV subscribers reduce energy consumption.
NDS Group Ltd. is a private company owned by the Permira Funds and News Corporation. See www.nds.com for more information.