IGT, a global gaming company, and Greentube, a leading provider of gaming solutions, have recently entered into a significant intellectual property agreement. The deal involves valuable patents related to remote game server (RGS) technologies, enabling the delivery of games over a network. The agreement allows IGT to offer the industry a patent license for the combined RGS portfolios of both companies. The financial terms of the agreement remain undisclosed. This collaboration reflects a commitment to fostering collaboration, innovation, and advancing the gaming market.
Enhancing the RGS Portfolios:
By joining forces, IGT and Greentube are pooling their expertise to offer a cutting-edge and comprehensive RGS portfolio. This portfolio encompasses state-of-the-art technologies that facilitate the seamless delivery of games to players across various platforms. IGT’s CEO Global Gaming, Renato Ascoli, expressed enthusiasm for the agreement, emphasizing the company’s dedication to collaboration and innovation within the industry. The partnership enables IGT to provide the gaming industry with access to the combined RGS portfolios of both companies, ensuring captivating gaming experiences for customers regardless of their preferred gaming platform.
Protecting Intellectual Property and Advancing Innovation:
Both IGT and Greentube reaffirm their commitment to safeguarding their intellectual property. They will continue to collaborate with suppliers and developers to advance innovation and excitement in the gaming market. By protecting their IP, the companies aim to stimulate competition and encourage the development of groundbreaking gaming technologies. This dedication to intellectual property protection ensures a vibrant and dynamic gaming ecosystem that benefits players and industry stakeholders alike.
Greentube’s Strategic Acquisition:
In addition to the patent agreement, Greentube recently made a strategic acquisition by obtaining a controlling share in Alteatec, an iGaming management system and platform provider. Through this deal, Greentube Austria secured a majority stake in the Malta-based IT company, gaining access to Alteatec’s Olympus One platform technology. This acquisition grants Greentube access to advanced software solutions that enhance its premium gaming products and services. The agreement also includes the utilization of Alteatec’s live dealer streaming and voiceover technology, further augmenting Greentube’s capabilities in delivering immersive gaming experiences.
The intellectual property agreement between IGT and Greentube marks a significant milestone in the gaming industry. The collaboration brings together their respective RGS portfolios, leading to the creation of a comprehensive and state-of-the-art collection of technologies. This strategic partnership fosters innovation, ensures the protection of intellectual property, and promotes healthy competition within the gaming market. With a commitment to delivering exceptional gaming experiences, IGT and Greentube are poised to drive continued success and advancements in the industry.