Online casino games developer Octavian Srl has announced the signing of an agreement that has seen it purchase a 50% stake in fellow Italian iGaming innovator WorldMatch Srl.
Verona-based Octavian Srl used an official Wednesday press release to reveal that the deal will allow it to utilize WorldMatch Srl’s expertise in the design of online casino games and platforms while its new partner is to benefit by having access to its own development studios in Russia, Italy and the United Kingdom.
Simone Pachera, Chief Executive Officer for Octavian Srl, described the arrangement as ‘an important diversification for our group’ as it will allow his firm to further spread its games portfolio around the world utilizing WorldMatch Srl’s omni-channel distribution channels. He stated that the agreement is to moreover permit the pair’s development teams to merge their knowledge and technical skills in order to ‘create solutions for the retail market’.
“It is a win-win approach characterized by a mutual synergy with the aim of achieving new goals for product quality and customer satisfaction,” read a statement from Pachera.
Octavian Srl declared that WorldMatch Srl is to continue operating as an autonomous entity with Andrea Boratto remaining as Chief Executive Officer while its own Chairman, Mauro Crivellente, has been appointed to serve in the same role for the Milan-headquartered innovator.
For his part, Boratto detailed that his firm is ‘the proud owner of a portfolio with more than 200 HTML5 games’ that are distributed to a long list of domestic and international online casino operators. He proclaimed that he was ‘excited’ about the possibility of being able to bring his company’s products to the retail sector and that the deal is sure to ‘guarantee the acquisition of larger market share’.
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“Having Octavian Srl as a strategic partner will allow us to accelerate our growth path and take full advantage of the next convergence of online and terrestrial gaming,” read a statement from Boratto.