Malta-based casino slot game developers Stakelogic have bought Serbia-based software developer Smart&Applied, renaming the company to Stakelogic Serbia.
Stakelogic aims to expands its operations by acquiring Smart&Applied to develop its in-house capacities, after working closely for three years with the Serbian firm.
After the acquisition, Igor Marinkovic, former head of Smart&Applied will be appointed as general manager of StakeLogic Serbia.
CEO of Stakelogic Stephan van den Oetelaar commented “the acquisition of Smart&Applied really strengthens our in-house development capacity and will allow us to continue to grow at pace while delivering new content to the market on a regular basis.”
“Personally, I am really excited that Igor will be managing Stakelogic Serbia. We have become great friends over the years and his knowledge and experience is second to none. This really was a natural acquisition for us and one that I believe will deliver tremendous results over the coming years.”
General Manager of Stakelogic Serbia Igor Marinkovic remarked, saying “I am thrilled to become part of one of the fastest-growing game suppliers in the industry and to play my part in ensuring the business continues its rapid rise over the coming months and years.
“The relationship between Smart&Applied and Stakelogic has become incredibly strong as we have been working hand in hand on a daily basis for many years. An acquisition was the next obvious step, and I am pleased my team can continue to focus on game development under the Stakelogic name.”
Stakelogic holds 4 gambling licenses and owns games certified in 16 jurisdictions.
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The sale was made for €19.8 million to an undisclosed buyer or buyers
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