LiveScore Group – the worldwide sports activities media enterprise – has in the present day introduced the total acquisition of South Africa-based software program growth specialists Wonderlabz.
The acquisition provides important scale to LiveScore Group at a time of considerable progress for the enterprise, accelerating the method of product growth in addition to rising the potential to broaden into additional key territories.
Wonderlabz has established world-class growth credentials centred round its industry-leading Lithium PAM and back-office platform and famend software program expertise and engineers. Particularly, the enterprise has performed a significant position within the evolution of the app and digital platforms for LiveScore Group’s key manufacturers together with LiveScore and LiveScore Guess.
Comprising three manufacturers together with LiveScore, one of many world’s main real-time sports activities updates and streaming service suppliers, and award-winning sportsbooks LiveScore Guess and Virgin Guess, LiveScore Group has seen record-breaking success by means of its distinctive and pioneering mannequin which converges the worlds of sports activities media and sports activities betting.
The Wonderlabz deal comes simply over one 12 months after the announcement of a £50 million strategic funding into LiveScore Group from Swiss-based media and tech agency Ringier AG. The following 12 months have seen LiveScore Group considerably speed up its world growth, with this newest acquisition extending its present holding in Wonderlabz from 25% to 100%. The transfer considerably will increase the Group’s in-house functionality and establishes a brand new tech hub in an rising market.
Sam Sadi, CEO of LiveScore Group, commented:
“I’m thrilled to announce our acquisition of Wonderlabz, one of the thrilling companies within the world software program growth area. Now we have grown our relationship with the incredible folks and specialists at Wonderlabz over a few years, and their stand-out Lithium PAM platform has performed a crucial position within the ongoing success of our industry-leading convergence technique.
I’m personally excited to work even nearer with the crew in Cape City to assist proceed to develop a world-class tech hub within the space, one which will increase the technical functionality of our enterprise and can gas the potential for additional progress. Welcome to the LiveScore Group household, Wonderlabz.”
Ben Johansen, CEO of the Wonderlabz group added:
“This can be a massively thrilling day for Wonderlabz, as we formally be a part of the pioneering LiveScore Group household. Over current years we’ve constructed an excellent enterprise centred on world-class software program growth expertise, working with the likes of LiveScore Group to develop industry-leading tech options.
There is no such thing as a doubt that in LiveScore Group, we be a part of one of the forward-thinking and revolutionary companies within the sports activities media and betting worlds. I can’t look ahead to our folks to proceed enjoying a key position in what comes subsequent.”