September 06, 2012 06:24 ET

BetVictor Acquires Botsphere

Gaming Group Buys Automated Trading Solutions Business

GIBRALTAR, GIBRALTAR--(Marketwire - Sept. 6, 2012) - Bet Victor, the Gibraltar based gaming group has announced today that it has acquired Botsphere Limited ('Botsphere'), a UK based provider of automated trading solutions, for an undisclosed sum.

Botsphere was formed in 2005 by the technology entrepreneurs Stewart Vassie & Julian Leach, who prior to Botsphere created and subsequently sold Oddschecker, the world's most successful odds checking site.

Botsphere is based in London, with 14 full time employees, and currently provides trading solutions to a number of gaming businesses including BetVictor, Betfair, BetFred, Boylesports and Offside Gaming.

The acquisition is strategically significant to Bet Victor as it brings market leading technology and expertise in-house and provides the foundation from which the on-line and mobile gaming operator expects to deliver complete automated trading solutions across a number of mainstream sports over the next two years.

Victor Chandler, Chairman of Bet Victor commented:

"We have been using Botsphere within our business for over four years and I have always been impressed by the team and their skill at providing us with exceptional technology solutions, which are now integral to our business. In recognising that to remain a world class, innovative gaming company we needed to be in control of our future technical development, strategically this acquisition was therefore the perfect solution. I am very excited about welcoming the team at Botsphere into our business and am delighted to have such a talented set of individuals creating technology solutions for Bet Victor into the future."

Stewart Vassie, Managing Director of Botsphere commented:

"Botsphere is delighted to be joining the Bet Victor family. Having worked with their management and technology teams over a number of years we recognised that we shared the same business ethos and technology ambition, which is why we fully supported the sale of the business to Bet Victor. Myself, Julian, and the rest of the team are looking forward to integrating our business into Bet Victor to create genuinely world class leading automated trading solutions."

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