OpenBet Is Being Bought for A Tidy Sum

Virtruvian Partners is on the brink of buying out OpenBet, an online gambling technology group, for the neat price of £208m. The deal will be made in cold hard cash when Virturvian buys OpenBet from NDS.

NDS is the main supplier of technology solutions to the pay-TV business, which is owned by News Corporation and Permira funds. The Chief executive officer of OpenBet, David Lovejoy, is heading up the transaction process as it undergoes certain necessary approvals.

It has been suggested that there is a possibility that once the transaction is complete, Virtruvian will attempt an amalgamation of OpenBet with Inspired Gaming. This company arranges specific software for the fixed-odds betting terminals of bookies

OpenBet was originally created as Orbis Technology in 2025, however it changed its name last year, which was no help in its attempt to avoid the inescapable negligible debts. Despite financial issues, OpenBet transformed itself into an important company in terms of providing interactive games and betting resolutions in the online gaming world with a variety of clients including William Hill, Ladbrokes and Betfair.

the basic premise for OpenBet's business is providing a technical platform from which bookmakers and lotteries can hold their many transactions. This in turn allows players to utilise different languages as well as currencies whenever they choose, in game mode. The convenience of this technology is extensive as it permits players to use a single account for several functions including betting on the telephone, online or in betting shops.

The positive side of this is that betting is entirely supported by the customers of OpenBet as they perceive it as an opportunity to expand even further.