EveryMatrix buys FSB in all-cash acquisition
Summary
FSB’s full end-to-end turnkey solutions, including its player account management software and horse racing products, will strengthen the OddsMatrix platform and generate “immediate additional revenues and cross-company synergies”, EveryMatrix said. “This transaction facilitates our long-term growth strategy of entering and growing within a greater number of regulated markets, including the UK, Ireland and Africa, where many FSB clients operate. The OddsMatrix sportsbook and odds feeds will be available to these clients, while they will also be able to take advantage of EveryMatrix’s suite of modular products including casino games, an aggregation platform and payments soutions, among others. OddsMatrix delivered a number of complex turnkey solutions to leading operators in 2023, including Bet-at-home and the Hungarian national lottery company’s (SZRT) online brand TippmixPro. “We are delighted and excited by the new opportunities this deal could create, through the sharing of our unique capabilities as well as accelerating the growth of FSB’s existing partners.” EveryMatrix hit a record net revenue high of €39m (£33.5m/$42.0m) for Q1, marking a rise of 66% on the previous year.