Acquiring Company
Inspired Entertainment
Acquired Company
Sportech
New YorkEnergyFinancial ServicesContent And PublishingMedia And EntertainmentGamingSportsFinanceRenewable EnergyConsultingDescription
Acquisition to expand Inspired's content reach to new customers and geographies and build out a platform of turnkey lottery/iGaming systems solutions. Concurrently, Inspired and LEIDSA have agreed to a 10-year extension to the lottery systems contract Upfront purchase price of US$12.5 million represents a multiple of 4.0x Sportech Lotteries' Adjusted EBITDA1 for the last twelve months (LTM) ended June 30, 2021 and 3.5x Sportech Lotteries' (pre-COVID) Adjusted EBITDA1 for calendar year 2019
Quick answer
Inspired Entertainment is acquiring Sportech, announced January 4, 2022. Inspired Entertainment is based in New York, New York, United States.
- How much did Inspired Entertainment pay for Sportech?
- The deal value was not disclosed.
- What does Inspired Entertainment do?
- Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across land-based and mobile channels around the world.
- Where are Inspired Entertainment and Sportech based?
- Inspired Entertainment is based in New York, New York, United States.
- Who are the decision-makers at Inspired Entertainment?
- Fundz holds 1 contact at Inspired Entertainment. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Inspired Entertainment, and when
When Inspired Entertainment changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Inspired Entertainment raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Inspired Entertainment, from your own LinkedIn network
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Frequently asked
Who acquired Sportech?
Sportech was acquired by Inspired Entertainment, based in New York. The deal was reported on January 4, 2022. Inspired offers an expanding portfolio of content, technology, hardware and services for regulated gaming, betting, lottery, social and leisure operators across land-based and mobile channels around the world. Inspired Entertainment is publicly traded (INSE) and operates in Energy.
When did Inspired Entertainment acquire Sportech?
Inspired Entertainment's acquisition of Sportech was reported on January 4, 2022. Acquisition to expand Inspired's content reach to new customers and geographies and build out a platform of turnkey lottery/iGaming systems solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Sportech do?
Sportech is a technology supplier and operator in the gambling market with two core businesses: A digital omni channel platform for gaming verticals including its own in-house lottery module as its B2B offering. It is privately held.
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