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Buyer for gambling software development company in Europe
Gambling software development company in Europe to buy
- Size: tiny and small
- Revenue: 1-10M EUR
- Employees: > 20
- Location of the target: Europe ((ideally Belgium or Eastern Europe)
- Reason for acquisition: The company is a gambling enterprise looking to buy a gambling software development company. The buyer has a strategy for growing its operations in Europe via acquisitions, therefore the management is open to speaking to interested sellers
- #CFIE ITB104
Overview of the Buyer for gambling software development company in Europe
The buyer company operates gambling and casino sites that continuously need to be developed. Hence, the buyer is looking for a company that has software development skills ideally with experience in gambling and casinos. The buyer has a lack of qualified programmers, so it is looking to make a whole team responsible for software development and app development. Target companies should be located in Europe, ideally in Belgium or Eastern Europe. The target company has to be profitable, the minimum number of employees should be 20 and the revenue range should be between 1-10 M EUR. It would be good if a potential target has experience in the gambling industry, particularly to have expertise in software development for gambling and casino websites.
Profile (strategy) of the Buyer for gambling software development company in Europe
The buyer company has more than 20 years of presence on the market and managed to become one of the most important players in gambling industry operating very popular casino websites and offering large series of casino games as well as sports betting solutions. Its current turnover is around 40M EUR with an annual profit rate of nearly 20%. The company's staff is composed of around 170 people with 10 professionals in IT development, the need for specialized human resource in IT development to keep up with the business growth being very high. As an online casino operator, the buyer developed its own platforms that are active in multiple European countries and now it wants to further expand the business in more countries. Since with the new desired expansion and with the need to enlarge the team with IT specialists that are able to support the growth, the gambling company is looking to acquire a target company that is operational in software developing activities related to web, e commerce, games and apps. The buyer has done many acquisitions before, mainly in the casino industry, the founder being directly in charge of possible acquisitions. All operations are self-financed and acquisitions can be made very fast.
The buyer is looking for a company that has experience in software development, the target should be able to develop custom solutions and complex business applications. Should be able to run projects with agility, security, reliability and aligned with the buyer's business objectives. Other services required could be quality assurance, consulting for IT projects, support and HelpDesk activities. From software development services should be mentioned desktop applications, web applications, enterprise solutions and mobile applications. Technology expertise wanted should be noted .NET Development, PHP Development, Java/ J2EE Development, Mobile Development.
Activities and products of the Gambling software target company
The buyer is looking to acquire a company that delivers software development services. If the target company is related with gambling and casino activities, it is more appreciated. More services that target companies should be providing are:
- E-Commerce Development
- Web & Mobile Applications Development
- QA & Testing
- Web & Graphic Design
- Quality Assurance
- IT Consulting
Highlights of the Buyer for gambling software development company in Europe
- The buyer is a key player in the gambling business operating multiple gambling and casino websites
- The buyer is in full development and needs more IT people specialized in software development in order to sustain the growth
- The buyer is very active in acquisitions and has organized the necessary capital resources to support new deals
- Target companies should provide software development services necessary in developing online gambling platforms
Information of this Buyer for gambling software development company in Europe
Feel free to contact us for more information regarding this Software company in Europe wanted or if you know possible interested or suited parties. For more buyers in the IT sector please visit the section ITS companies wanted.
For companies for sale in the ITS or software industry please feel free to visit the section ITS companies for sale.
Note: CFIE only works with formal companies. We do get a lot of requests and it is difficult to follow up on all inquiries from visitors to our website. For each company, we assess the likelihood of a future transaction. We only get back to you if we see a realistic opportunity to do a future acquisition or business sale. In order to increase your chances of receiving a reply as an individual, please explain as much as possible about your personal background, strategy and fit with the target. There is also a possibility that your details will be kept on file and we will get back to you once there is an opportunity to do a transaction. CFIE can’t guarantee you will receive an answer to your request.