Gibraltar-based gaming group BetVictor has acquired Botsphere, a UK-based provider of automated trading solutions, for an undisclosed sum.
Botsphere was formed in 2005 by the technology entrepreneurs Stewart Vassie and Julian Leach, who prior to Botsphere created and subsequently sold odds checking site Oddschecker.
Based in London, the company currently provides trading solutions to a number of gaming businesses including BetVictor, Betfair, BetFred, Boylesports and Offside Gaming.
The acquisition is strategically significant to BetVictor and provides the foundation from which the online and mobile gaming operator expects to deliver complete automated trading solutions across a number of mainstream sports over the next two years.
Victor Chandler, chairman of BetVictor, commented: "We have been using Botsphere within our business for over four years and I have always been impressed by the team and their skill at providing us with exceptional technology solutions, which are now integral to our business. In recognising that to remain a world class, innovative gaming company we needed to be in control of our future technical development, strategically this acquisition was therefore the perfect solution.”
Stewart Vassie, managing director of Botsphere, added: "Having worked with its management and technology teams over a number of years, we recognised that we shared the same business ethos and technology ambition, which is why we fully supported the sale of the business to BetVictor.”
