Orbis Online Gambling Alphameric Merger Announced

Published Monday, May 10, 2010 - Online-Casinos.com

Orbis the online gambling software provider and developer has ventured into the land based realm with the acquisition of Surrey based Alphameric Solutions. Alphameric's primary business is to provide retail technology solutions to land based bookies from high street mostly in the U.K. and Ireland. Clients include William Hill, Ladbrokes, Coral and the Tote with a variety of independent betting services.

Orbis Holdings, is a subsidiary of NDS Group, which is a private company owned by the Permira Funds and News Corporation. It's proven technologies allows secure delivery of digital content to various media outlets. Orbis provides integrated gaming and betting solutions to customers including William Hill, Ladbrokes, Betfair, BlueSquare, Paddy Power, SkyBet, Centrebet and Slot Macau. The merger will allow Orbis to combine retail and online gambling systems at the retail locations of bookmakers. David Loveday, chief executive officer at Orbis said, "With our expertise in online betting technology we are confident this acquisition will drive the retail betting sector in a new and exciting direction," Loveday added, “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.”

It has been proposed to the shareholders of Alphameric Solutions to re-brand the company as Timeweave and to move the firm’s listing from the London Stock Exchanges’s Official List to the more junior AIM market. A cash payment of 15.475 million GBP subject to adjustment to take account of ASL's net asset and net debt position at completion of the deal. Alphameric's chairman, Peter Bertram, said that the board of directors is in support of the disposal of Alphameric Solutions and feels it is in the best interests of the group and its shareholders. Bertram said, “We wish the management, staff and new owners of the business every success in the future,”

 

 

 

 

 

 

 

 

Related news

Return to Latest News