Betgenius takes a gamble on Boolabus

UK-Based Betgenius, which provides data-driven software services for the sports-betting market, has acquired Boolabus.
Round-up of today's M&A deals


UK-Based Betgenius, which provides data-driven software services for the sports-betting market, has acquired Boolabus.
Round-up of today’s M&A deals

UK-Based Betgenius, which provides data-driven software services for the sports-betting market, has acquired Boolabus.

Founded in 2008, Boolabus technology uses multi-platform software to increase bookmaker revenues. Its Betstream products are to be utilised by Betgenius, according to a statement.

As part of the deal Brain MacSweeney, founder and managing director of Boolabus, is to join Betgenius as a director.

Chief executive officer of Betgenius, Mark Locke, comments: ‘Betstream will be a valued addition to our portfolio of products allowing us to provide our client base with a turnkey end-to-end solution for their betting needs.’

MacSweeney says that historically the businesses have already had joint ventures.

He adds: ‘As a result of the acquisition, we’ve accelerated development of our user experience offering to deliver the multi-platform, data-driven realtime sports-book that operators want.’

Round up of today’s M&A deals

  • Broadridge Financial Solutions is to acquire Paladyne Systems to expand its services to buy-side clients

Value:  $76.5 million (£48 million)

Advisers: Raymond James & Associates, Credit Suisse

Read more

  • Turner Broadcasting System Europe has acquired Lazytown owner Latibaer

Value: $20 million (£12.54 million)

Advisers: undisclosed

Read more 

  • Vembu Technologies, which provides online data protection software for Managed Service Providers (MSPs) and Managed Hosting Providers (MHPs), has acquired CloudNucleus, a data protection software developer with specific focus on continuous data protection

Value: undisclosed

Advisers: undisclosed

Read more

Todd Cardy

Todd Cardy

Todd was Editor of GrowthBusiness.co.uk between 2010 and 2011 as well as being responsible for publishing our digital and printed magazines focusing on private equity and venture capital.

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