January 27 (SeeNews) - Austria-based gaming solutions provider Greentube has acquired an 80% stake in Slovenian software developer Ineon to secure specialised know-how in the areas of online gaming and sports betting, it said.
The transaction has the strategic objective of acquiring and integrating critical software development capabilities and resources for the benefit of the entire Greentube group worldwide, the company said in a statement earlier this week.
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"For over a decade, Ineor regularly delivered Greentube’s and Novomatic's key strategic solutions, together building our amazing, role model partnership – and now achieving this important milestone for us all. By constantly technically challenging us, Greentube uplifted Ineor to become a world-leading gaming software development company, always staying at least a step ahead and delivering on time, on budget, and with zero bugs," Ineor founder Dejan Spasovski said.
The latest acquisition follows on from Greentube's acquisition of a 65% stake in Alteatec, boosting its Casino Management System and platform technology, while also entering a joint venture with emerging studio Flamingocatz, to aid the creation of new, exciting content for North American markets.
With its base in Ljubljana, Ineor is active in the field of computer programming, specialising in the development of gaming software. The company currently supplies software development services and innovative digital solutions for a wide range of multinational organisations.