IBID Group has acquired Malta-based Riverplay, an online gaming platform. Riverplay will be renamed as Pragmatic Solutions. No financial terms were disclosed.
London, 6 February 2017 – IBID Group, the investment firm focused on buying and investing in internet-based companies with high growth potential, has expanded its gaming portfolio again with the majority acquisition of Riverplay, an end-to-end platform for the online gaming industry. Following the acquisition, Riverplay will be re-branded as Pragmatic Solutions.
Pragmatic Solutions is an API-based integrated Customer Relationship Management and Content Management System that provides gaming, entertainment and financial services operators with a one-stop solution for digital growth. The platform comprehensively offers the content management, administration, payments, marketing and third party solutions needed to build rapid and sustainable digital success. In Pragmatic Solutions, IBID sees an opportunity to provide clients with the means of creating their own online service with unmatched speed and value.
By being able to manage all third-party content providers and having complete control over the look and feel of their digital infrastructure, clients can create the ultimate gaming experience for their customers.
Pragmatic Solutions is the third acquisition by IBID in a matter of months. IBID acquired Pragmatic Play, one of the fastest growing providers of mobile and desktop digital casino games for the online gaming industry, in July 2016, and Dalberry, online payments experts, in November 2016.
David Barzilay, CEO, IBID Group said:
“Pragmatic Solutions makes an excellent addition to our online portfolio. As a high-growth business, it fits wholeheartedly with our investment strategy. The management team shares our values of hunger and desire to shake up the industry and grab market share. We look forward to working with the management team to unlock value and expedite the company’s growth.”
Srdan Bejin, Director and Head of Business Development, Pragmatic Solutions, commented:
“IBID stood out to us as a great investor. We were impressed by their expanding portfolio, which demonstrated to us that they have the resources and know-how to drive our business forwards and to enhance our product, ultimately helping us to deliver the best services to our clients and their customers. We look forward to working with IBID in getting Pragmatic Solutions to its next stage of growth.”
Following the acquisition, Pragmatic Solutions is starting its serious sales activities immediately at the ICE Totally Gaming 2017 conference in London, 7-9 February – stand N7-418.
IBID, the internet business investment development company, is focused on investing in and buying companies across a number of different sectors, predominately internet-based companies with long term growth potential, with the aim of sustainably improving operations and generating significant growth and profitability.
IBID works closely with its portfolio companies to help them realise and create value using its proven strategies, capital, extensive sector insight and industry expertise. The Group’s purpose is to deliver meaningful and sustainable returns to investors, whilst also taking a responsible approach to the portfolio companies, their employees, local communities and the environment.
The management team has strong and demonstrable experience in generating significant returns for shareholders.
IBID operates from offices in Hong Kong and London.
Further information on the Group can be found here: http://www.ibidgroup.com
Pragmatic Solutions is an API-based CRM and CMS platform that provides gaming, entertainment and financial services operators access to a turnkey solution for online growth.
The platform has nested within it all the content management, administration, payments, marketing and third party solutions needed to build rapid and sustainable digital success.
Further information on Pragmatic Solutions can be found here: http://www.pragmaticsolutions.co