Greentube, a prominent online gambling and sports betting company, has recently made strategic moves to strengthen its technology platform and accelerate its growth in the global market. The company’s acquisition of Ineor, a Slovenia-based business specializing in online gambling and sports betting, provides Greentube with valuable resources and expertise. Additionally, Greentube has acquired a controlling share in Alteatec, an iGaming management system, granting access to cutting-edge technology and expanding its service offerings. These strategic initiatives demonstrate Greentube’s commitment to innovation and its positioning for significant growth in 2023.
Ineor Acquisition Bolsters Greentube’s Technology Platform:
Michael Bauer, CFO/CGO at Greentube, expressed enthusiasm for the acquisition of Ineor, highlighting its significance in strengthening the company’s technology platform. Ineor has been a valued partner for many years, and bringing their resources in-house is a strategic move for Greentube. With the recent launch of Greentube Mynt and other notable M&A activities, the company is well-prepared to accelerate its growth in regulated markets worldwide.
Founder of Ineor, Dejan Spasovski, emphasized the milestone achieved through the acquisition, celebrating the longstanding partnership with Greentube and Novomatic in delivering key strategic solutions. The acquisition represents an important step forward for both companies.
Greentube’s Expansion with Alteatec Investment:
In addition to the Ineor acquisition, Greentube has acquired a majority stake in Alteatec, an IT company based in Malta that specializes in iGaming management systems. This strategic move grants Greentube access to Alteatec’s advanced Olympus One platform technology. Furthermore, Greentube will be able to utilize Alteatec’s live dealer streaming and voiceover technology, enhancing its service offerings and providing an improved user experience.
Greentube’s Recent Stake Acquisitions:
Greentube has been actively investing in various companies to strengthen its position in the market. One such investment includes acquiring a 40% stake in Flamingocatz, a game developer known for innovative mathematics and disruptive slot titles. This partnership aims to introduce unique slot games to the Americas, leveraging Flamingocatz’s expertise and Greentube’s expansive reach.
Greentube’s recent strategic moves, including the acquisition of Ineor and the investment in Alteatec, demonstrate the company’s commitment to expanding its technology portfolio and accelerating its growth in the online gambling and sports betting industry. The acquisition of Ineor provides Greentube with valuable resources and expertise, bolstering its technology platform for a successful year ahead. Additionally, the investment in Alteatec grants Greentube access to cutting-edge technology and enhances its service offerings. These initiatives showcase Greentube’s dedication to innovation, positioning the company for continued success in regulated markets worldwide. With a strong foothold in the industry and strategic partnerships, Greentube is poised for substantial growth in the coming year.