RubyPlay CEO Tsachi Maimon has said while there are no immediate further M&A plans following the acquisition of Splash Tech, the supplier intends to add to its portfolio in the longer term.
Earlier this week, the content and engagement platform provider announced the purchase of Splash Tech for an undisclosed sum, subject to regulatory approval, marking its first M&A deal.
Speaking to EGR, Maimon said the firm’s focus is on ensuring the transition with the free-to-play and jackpot provider is as “expected”.
But with a long-term plan in place, he explained the company knows what type of business it wants to acquire and that more deals will be in the pipeline.
“Probably not in the near future because we want to make sure our first transaction is something that we focus on and pay a lot of attention to making sure we have our eyes on the ball,” he said.
“Once we see in a few months that everything is as we expected, no surprises, we will look further. We have in our vision and pipeline more acquisitions. There is a plan.
“We know exactly what we want to acquire and how it will support RubyPlay, but we want to make sure in the first instance that this transaction will be completed and merged as it should.”
With Splash Tech now a subsidiary of RubyPlay, when asked what the future holds for the company in the next 18-24 months, CEO Adam Wilson replied it will be business as usual for him and the 20 members of staff being retained by the slots supplier and that the core mission is to continue building the engagement platform and becoming “significantly bigger than we are today”.
“We have core products that we are looking to build on, integrate far and wide across the industry,” Wilson said.
“We see this as rocket fuel we can inject into our platform with the help and support of RubyPlay, both professionally from a distribution perspective and network perspective.
“We’re talking about some of the best connected people who have been driving this industry for the last 15-20 years. It’s only excitement that we’re feeling around what our potential for growth is now,” he added.
Splash Tech was founded in 2020 and offers free-to-play sports and casino content, as well as jackpots.
RubyPlay is a global igaming content and engagement platform, operating five market-focused game studios and holding licences in Romania and Malta.
The post RubyPlay CEO: No immediate plans for further M&A activity first appeared on EGR Intel.
Tsachi Maimon tells EGR that while supplier’s focus is on the newly acquired Splash Tech, its long-term vision will see it add to its portfolio
The post RubyPlay CEO: No immediate plans for further M&A activity first appeared on EGR Intel.