SOFTSWISS, a main tech organisation withinside the iGaming industry, acquires a majority stake in Turfsport, a main South African company of multichannel wagering software program for sports activities, horse racing, and lotto. This pass aligns with the SOFTSWISS intention of increasing its global presence.
For over 35 years, Turfsport has been providing completely controlled quit-to-quit answers for online, mobile, and retail operators. The overall wide variety of bets positioned through all Turfsport customers throughout numerous systems exceeds 1.five billion annually. Currently, greater than forty operators in South Africa utilise Turfsport’s platform for horse racing, lotto, and sports activities betting.
Andrey Starovoitov, co-CEO at SOFTSWISS, comments: “Acquiring a a hit neighborhood organisation is one of the quickest and maximum green approaches to go into a brand new marketplace. I am thrilled to announce the finishing touch of this long-awaited deal.
“With this agreement, SOFTSWISS takes a sizable breakthrough in its vast enlargement into South Africa and the African continent. I accept as true with this area is turning into the following focal factor globally, following Latin America.
“What’s even greater precious for us is that we now no longer best advantage marketplace presence however additionally get admission to technology evolved during the last 35 years through world-elegance specialists. We look ahead to improving our product portfolio and persevering with our dedication to supplying high-quit answers to our partners.”
Christian Neuberger, CEO at Turfsport, comments: “To offer greater innovation and react quicker to the developing needs of the iGaming industry, Turfsport become seeking out an global accomplice that might supplement our robust emblem in South Africa, and we’re actually extremely joyful to have discovered the suitable accomplice in SOFTSWISS and its dynamic and fast-developing crew.
“Both businesses look ahead to handing over revolutionary product upgrades and services, giving our clients the aggressive facet to develop and reach an an increasing number of dynamic marketplace. We are all without a doubt enthusiastic about the triumphing mixture of Turfsport’s neighborhood and SOFTSWISS’ global know-how and the possibilities for this duo withinside the South African and African markets.”
The strategic pass of the Turfsport acquisition ambitions to reinforce the SOFTSWISS product portfolio, catering to local needs. In addition, leveraging Turfsport’s notable popularity and visibility withinside the African marketplace, SOFTSWISS will give a boost to its neighborhood presence.
The SOFTSWISS crew is keen to proportion insights into the South African marketplace during ICE London 2024 at Stand N8-231.