LONDON--(BUSINESS WIRE)--Orbis Holdings Ltd, the parent company of Orbis Technology Ltd, the leading provider of interactive gaming and betting solutions, is pleased to announce that it has acquired UK-based online interactive games developer, Electracade Ltd.
Orbis has acquired the entirety of Electracade’s share capital for a consideration of £2.6 million in cash with further consideration payable conditional upon certain future performance criteria.
Electracade has established a portfolio of innovative and compelling games which fully complement Orbis’ existing product range.
Established in 1996, Orbis Technology Ltd, an NDS Group company, is the world’s leading provider of interactive gaming and betting solutions. Orbis develops pioneering front-end and back-office solutions, from unique and compelling games to sophisticated management and reporting tools.
By utilising the Orbis OpenBet™ software platform with its unique ‘One Account, One Wallet’ solution, operators are able to provide their customers with the ability to bet and play in multiple languages and currencies across multiple products and platforms, including web, mobile devices, retail outlets, call centres and interactive digital television, all with a single log-in.
Each of Orbis’ customer agreements includes an undertaking from the customer that its gaming operations that use Orbis’ software will not involve players in the United States or any other jurisdiction where such gaming operations are prohibited by law.
To find out more about Orbis OpenBet visit www.openbet.com.
NDS Group plc (NASDAQ:NNDS), a majority-owned subsidiary of News Corporation, supplies open end-to-end digital technology and services to digital pay-TV platform operators and content providers. See www.nds.com for more information about NDS.
Cautionary Statement Concerning Forward-looking Statements
This document may contain certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from these expectations due to changes in global economic, business, competitive market, regulatory and other factors. More detailed information about these and other factors that could affect future results is contained in our filings with the US Securities and Exchange Commission. Any “forward-looking statements” included in this document are made only as of the date of this document and we do not have any obligation, nor do we undertake, to publicly update any “forward-looking statements” to reflect subsequent events or circumstances, except as required by law.