Sporting Index Group has acquired Touchbet, a Sweden and Malta-based sports trading and risk management business, for an undisclosed sum.
The Touchbet offer will complement Sporting Index’s B2B arm, Sporting Solutions, boosting the latter’s Risk Management Services.
Simon Trim, CEO of the Sporting Index, said: “Touchbet has extensive experience of providing highly automated risk management services, both for lotteries that offer sports betting and for private operators in regulated jurisdictions.
“This acquisition strengthens the Group’s competitive advantage in trading and risk management and builds on the excellent momentum and exciting growth we have achieved over the past 12 months.”
Ralfh Backlin, CEO of Touchbet, added: “We believe that combining the capability of Touchbet further improves Sporting Solutions’ market-leading proposition.
“Together we provide an end-to-end sports betting solution for the B2B market that is unsurpassed in terms of breadth, depth and expertise.”