In a significant move within the iGaming industry, EveryMatrix has announced the acquisition of FSB Technology in an all-cash transaction. This strategic acquisition aims to enhance EveryMatrix’s OddsMatrix, its premier sportsbook platform and odds feeds division. By integrating FSB’s advanced technology and market presence, EveryMatrix is set to bolster its operations across key markets, including the UK, Ireland, and Africa. This deal is expected to generate immediate additional revenues and create cross-company synergies, further solidifying EveryMatrix’s position as a leading global provider of comprehensive sportsbook technology solutions.
Strategic Expansion and Market Presence
EveryMatrix’s acquisition of FSB Technology marks a pivotal moment in the company’s growth strategy. The all-cash deal is designed to enhance OddsMatrix by incorporating FSB’s renowned sportsbook technology and market expertise. This integration is expected to generate immediate additional revenues and create significant cross-company synergies. By acquiring FSB, EveryMatrix aims to strengthen its presence in key markets such as the UK, Ireland, and Africa, where FSB has already established a strong foothold.
The acquisition will also enable EveryMatrix to offer a more comprehensive suite of services to its clients. FSB’s advanced technology, including its highly regarded horse racing product, will be integrated into OddsMatrix. This will provide customers with access to a superior range of sportsbook and odds feeds products. Additionally, EveryMatrix’s modular products, such as casino games, payments, and player account management, will be enhanced by FSB’s innovative solutions.
This strategic move aligns with EveryMatrix’s long-term growth strategy of entering and expanding within regulated markets. The acquisition of FSB Technology is expected to accelerate this process, diversify EveryMatrix’s customer and revenue profiles, and deliver exceptional results for its clients.
Enhancing OddsMatrix with FSB’s Technology
The integration of FSB Technology into EveryMatrix’s OddsMatrix platform is set to bring numerous benefits to both companies and their clients. FSB, founded in 2007, has built a reputation as a leading B2B sportsbook technology supplier, offering comprehensive turnkey solutions. These include Player Account Management (PAM), sports betting, and casino platform solutions. By incorporating FSB’s technology, EveryMatrix aims to enhance its existing offerings and provide a more robust and versatile platform for its clients.
One of the key features of FSB’s technology is its horse racing product, which is recognized as one of the strongest among sportsbook providers. This will be a valuable addition to OddsMatrix, allowing EveryMatrix to offer a more comprehensive range of betting options. Customers will also benefit from EveryMatrix’s superior modular products, including casino games, payments, and managed services.
The acquisition is expected to drive significant growth for OddsMatrix. In 2023, OddsMatrix achieved record growth and profitability, with a 75% year-on-year increase in total bets and a 90% rise in profitability. The integration of FSB’s technology is anticipated to further this growth trajectory, providing clients with access to proven, high-performing products and services.
Future Prospects and Industry Impact
The acquisition of FSB Technology by EveryMatrix is poised to have a substantial impact on the iGaming industry. By enhancing OddsMatrix with FSB’s advanced technology and market presence, EveryMatrix is set to strengthen its position as a leading provider of sportsbook solutions. This strategic move is expected to generate immediate additional revenues and create significant cross-company synergies, benefiting both companies and their clients.
The deal also highlights EveryMatrix’s commitment to expanding within regulated markets. By acquiring FSB, EveryMatrix aims to accelerate its growth in key regions such as the UK, Ireland, and Africa. This will enable the company to diversify its customer and revenue profiles and deliver exceptional results for its clients.
Looking ahead, the integration of FSB’s technology into OddsMatrix is expected to drive continued growth and innovation. EveryMatrix’s clients will benefit from access to a more comprehensive range of products and services, including FSB’s renowned horse racing product. This acquisition is a testament to EveryMatrix’s strategic vision and commitment to delivering superior solutions to its clients.
