Financial and sports betting technology solutions provider Swifty Global has signed an agreement to acquire UK online gambling operator Goldchip Limited. The financial terms of the deal were not disclosed, but it was confirmed that Swifty will fund the purchase partly in cash, restricted shares and vendor finance.
“Everyone is delighted about the acquisition and to have the Goldchip clients and team onboard. This is exactly the critical mass we need to put us on the fast track towards our bigger plans,” James Gibbons, CEO of Swifty Global, said.
“I’m delighted about this deal! The team have been working extremely hard to build this business and it’s fantastic to be able to put substantial tangible scores on the board with immediate effect, especially since the share price has had a tough time of late. With this deal, Swifty bypasses the next 3 milestones on its roadmap and becomes a serious player in the OTC, where there are not many businesses delivering nearly $100 million in annual revenues,” Swifty Chairman Nicolas Link said.
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