The Visualize Group has purchased online software and game testing business eCOGRA for an undisclosed sum to bolster its certification and compliance arm.
The move for London-based eCOGRA comes after Visualize snapped up BMM Testlabs in April 2025.
The private investment firm will acquire eCOGRA from Hanover Investors Management, with the deal subject to standard closing and regulatory conditions.
Visualize said it plans to “extend its broad-based employee ownership programme to eCOGRA’s employees, allowing them to participate in the value-creation plan for the business”.
Current CEO Will Shuckburgh will continue to lead eCOGRA alongside the existing leadership team.
Shuckburgh has headed up the certification specialists as CEO since July 2024. He originally joined the company in January 2024 as chief growth officer.
Founded in 2003, eCOGRA works across more than 50 jurisdictions and provides compliance and certification services to suppliers and regulators.
The group offers ISO certification, geolocation testing, RNG and RTP testing, cybersecurity services and alternative dispute resolution.
The eCOGRA website lists partners including Superbet, bet365, Entain, Betway, Sportradar and Hacksaw Gaming.
Visualize said that with eCOGRA and BMM part of its portfolio, the plan is to “expand capacity, offer customers a broader licensing umbrella, accelerate turnaround times and widen the range of high-quality options available to all stakeholders”.
Commenting on the deal, Shuckburgh said: “For more than two decades, eCOGRA’s mission has been to ensure that players can trust the games they play and that operators can meet the highest standards of compliance.
“As regulated gaming expands into new markets around the world, the demand for fast, rigorous and reliable certification has never been greater.
“Partnering with Visualize gives us the resources to serve our customers better – to invest in our people, our technology and our capacity – while continuing to operate with the independence and integrity that our accreditation partners and customers expect.”
CC Melvin Ike, Visualize found and managing partner, added: “Building on our experience in regulated gaming, the independent testing and certification that both eCOGRA and BMM provide is fundamental to protecting players and sustaining the trust of regulators, and the two businesses bring distinct capabilities across online and land-based gaming.”
Weil, Gotshal & Manges and Greenberg Traurig acted as legal advisers for Visualize.
Macquarie Capital served as financial adviser to Hanover and eCOGRA, while Willkie Farr & Gallagher was the legal adviser.
The post BMM Testlabs parent to acquire eCOGRA first appeared on EGR Intel.
Software inspection and compliance firm to be snapped up by private investment vehicle Visualize, which acquired BMM last year
The post BMM Testlabs parent to acquire eCOGRA first appeared on EGR Intel.