London-primarily based totally sports activities media and having a bet operator LiveScore Group has taken over complete possession of Cape Town-primarily based totally software program improvement expert Wonderlabz.
The acquisition hurries up the company’s product improvement talents as LiveScore objectives enlargement into new territories.
LiveScore formerly held a 25 in keeping with cent stake in Wonderlabz, which performed a considerable function in growing the LiveScore sports activities media app and LiveScore Bet platform.
The Wonderlabz deal comes simply over 12 months after Ringier introduced a £50 million strategic investment in LiveScore.
In the beyond year, LiveScore has drastically boost up its international enlargement, with the purchase of Wonderlabz growing its in-residence group with a hundred new staff, in addition to imparting a brand new tech hub in South Africa.
“I’m pleased to announce our acquisition of Wonderlabz, one of the maximum thrilling organizations withinside the international software program improvement space,” stated LiveScore Group CEO Sam Sadi. “We have grown our dating with the top notch human beings and professionals at Wonderlabz over many years, and their stand-out Lithium PAM platform has performed a vital function withinside the ongoing fulfillment of our industry-main convergence strategy.
“I’m for my part excited to paintings even nearer with the group in Cape Town to assist hold to expand a world-magnificence tech hub withinside the area, one that will increase the technical functionality of our commercial enterprise and could gasoline the capability for in addition growth. Welcome to the LiveScore Group family, Wonderlabz.”
Wonderlabz CEO Ben Johansen commented: “This is a extremely thrilling day for Wonderlabz, as we formally be part of the pioneering LiveScore Group family. Over current years we’ve got constructed an excellent commercial enterprise focused on world-magnificence software program improvement talent, running with the likes of LiveScore Group to expand industry-main tech solutions.
“There isn’t anyt any doubt that during LiveScore Group, we be part of one of the maximum forward-questioning and modern organizations withinside the sports activities media and having a bet worlds. I can not look forward to our human beings to hold gambling a key function in what comes next.”
Last month Kambi secured a international settlement to power the LiveScore Bet and Virgin Bet sportsbook platforms.