Playtech completes acquisition of ACM assets

RNS Number : 3909S

Playtech PLC

02 October 2017

 

Playtech plc

('Playtech' or 'the Company')

Playtech completes acquisition of ACM assets

Playtech (LSE: PTEC) today announces that it has completed the acquisition of technology, intellectual property and certain customer assets (together 'the assets') from ACM Group Limited (known in the industry as 'Alpha' or 'ACM').

As a result of the acquisition of the assets a team from Alpha joined the TradeTech Group creating the brand TradeTech Alpha. TradeTech Alpha will deliver a bespoke risk management and trading solution to B2B customers.

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For further information, contact:

Playtech plc Ron Hoffman, TradeTech Chief Executive Officer Neil Offord, TradeTech Chief Financial Officer c/o Buchanan Communications James Newman, Head of Investor Relations	[phone] [phone]
Buchanan Communications                                                     David Rydell	[phone]

About Playtech

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange (LEI code: 21380068TTB6Z9ZEU548), Playtech has c. 5,000 employees in 17 countries.

Playtech is the gambling industry's leading software and services supplier with more than 130 licensees globally, including many of the world's leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries, and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

It is the pioneer of omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution.

Playtech's Financials division operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets.com. Its B2B offering includes the division's proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

www.playtech.com

 

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