EveryMatrix buys out FSB Technology in all-cash deal

EveryMatrix has grabbed headlines this morning by announcing an all-cash deal for FSB Technology, a global leader in sportsbook technology and full turnkey solutions, cementing the former’s standing in the highly dynamic and competitive sector, Casino Guru News found in an email press release. Financial details about the deal were not disclosed in the official statement.

EveryMatrix sets to diversify its consumer and revenue profiles

This is a huge opportunity for EveryMatrix as it will allow it to garner access to cutting-edge technology developed in-house by FSB Technology, and further enhance the company’s OddsMatrix division, which is also focused on building sportsbook platform solutions and pricing models.

EveryMatrix expects to see an immediate revenue boost, bearing on strong results from previous months as the company recently posted a record year. FSB and EveryMatrix already have common markets that they have built a solid presence in, including the United Kingdom, Ireland and Africa.

The company will also integrate FSB’s solutions across the board, with a particular focus on the horse racing platform, which has been an award-winning and much sought-after product over the past years.

Of course, customers looking to benefit from EveryMatrix’s expanding range of products will have more than just the horse racing or sportsbook platforms to pick from, as EveryMatrix providesa 360-degree set of solutions, including a game aggregation, managed services, and affiliate data tracking, among others.

As to the merger of technological expertise between OddsMatrix and FSB, clients specifically looking to bolster their sports platform will benefit from a range of options, including a tier-one sportsbook platform, time-tested feeds, and access to ongoing live changes in the product supported by a team of thousand-strong employees.

Harnessing FSB’s power to create a stronger sports betting product

Commenting on this opportunity, EveryMatrix CEO Group Ebbe Groes said that he was proud to see this partnership take place, and the deal itself proceed effortlessly.

"This transaction facilitates our long-term growth strategy of entering and growing within a greater number of regulated markets, including the UK, Ireland and Africa, where many FSB clients operate," Groes said in a statement.

The partnership will help diversify EveryMatrix’s customer and revenue profiles and ensure that customers benefit from a stronger and better-performing product.

FSB Technology Adam Smith was similarly pleased with the transaction, hailing his company’s near two-year string of successes. The acquisition marks another milestone for FSB, Smith mused. The two companies’ product libraries are merging to create an outstanding platform that has unique capabilities and will accelerate both entities' respective growth as part of the same operation.

Image credit: EveryMatrix