LiveScore Group, a global sports media business, has announced the full acquisition of South Africa-based software development specialist Wonderlabz.
The acquisition adds significant scale to LiveScore Group at a time of substantial growth for the business, accelerating the process of product development as well as increasing the capability to expand into further key territories.
Wonderlabz has established world-class development credentials centred around its industry-leading Lithium PAM and back-office platform and renowned software talent and engineers.
Specifically, the business has played a vital role in the evolution of the app and digital platforms for LiveScore Group’s key brands including LiveScore and LiveScore Bet.
Comprising three brands including LiveScore, one of the world’s leading real-time sports updates and streaming service providers, and award-winning sportsbooks LiveScore Bet and Virgin Bet, LiveScore Group has seen record-breaking success through its unique and pioneering model which converges the worlds of sports media and sports betting.
The Wonderlabz deal comes just over one year after the announcement of a £50m strategic investment into LiveScore Group from Swiss-based media and tech firm Ringier AG.
The subsequent 12 months have seen LiveScore Group significantly accelerate its global expansion, with this latest acquisition extending its existing holding in Wonderlabz from 25 per cent to 100 per cent.
The move substantially increases the group’s in-house capability and establishes a new tech hub in an emerging market.
