SoftSwiss is increasing its worldwide presence after obtaining a majority stake in South African gaming software program issuer Turfsport.
The acquisition allows SoftSwiss to go into the South African marketplace for the primary time, with Turfsport’s horse racing, lottery and sports activities making a bet platform presently utilized by extra than forty operators withinside the marketplace.
The cost of the transaction has now no longer been disclosed.
“Acquiring a a hit nearby employer is one of the quickest and maximum green methods to go into a brand new marketplace,” stated SoftSwiss co-CEO Andrey Starovoitov. “I am thrilled to announce the of of entirety of this long-awaited deal. With this agreement, SoftSwiss takes a sizeable breakthrough in its tremendous growth into South Africa and the African continent. I agree with this location is turning into the subsequent focal factor globally, following Latin America.
“What’s even extra treasured for us is that we now no longer most effective benefit marketplace presence however additionally get right of entry to technology advanced over the past 35 years via way of means of world-elegance specialists. We look ahead to improving our product portfolio and persevering with our dedication to presenting high-give up answers to our partners.”
Turfsport CEO Christian Neuberger commented: “To offer extra innovation and react quicker to the developing needs of the iGaming industry, Turfsport become seeking out an worldwide associate that might supplement our robust logo in South Africa, and we’re definitely extremely joyful to have located the suitable associate in SoftSwiss and its dynamic and fast-developing team.
“Both agencies look ahead to turning in progressive product improvements and services, giving our clients the aggressive side to develop and achieve an an increasing number of dynamic marketplace. We are all virtually enthusiastic about the triumphing mixture of Turfsport’s nearby and SoftSwiss’ worldwide information and the possibilities for this duo withinside the South African and African markets.”