M&A Deal Summary

Light & Wonder Acquires Lapis Software Associates

On June 29, 2017, Light & Wonder acquired software company Lapis Software Associates

Acquisition Highlights
  • This is Light & Wonder’s 1st transaction in the Software sector.
  • This is Light & Wonder’s 5th transaction in the United States.
  • This is Light & Wonder’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-06-29
Target Lapis Software Associates
Sector Software
Buyer(s) Light & Wonder
Deal Type Add-on Acquisition

Target

Lapis Software Associates

Parsippany, New Jersey, United States
Lapis Software Associates LLC is an international supplier of lottery sales force and retail performance applications ‘gem│Intelligence’ and ‘gemRetailer’, and also offers technology consulting services, focusing on high-performance, mission-critical distributed applications. Lapis Software Associates LLC was founded in 1994 and is based in Parsippany, New Jersey.

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Buyer(S) 1

Buyer

Light & Wonder

Las Vegas, Nevada, United States
Category Company
Founded 1984
Sector Gaming
Employees6,000
Revenue 2.9B USD (2023)
DESCRIPTION
Scientific Games facility in Las Vegas, Nevada.
Scientific Games facility in Las Vegas, Nevada.

Light & Wonder is a developer of technology-based products and services and associated content for worldwide gaming and lottery markets. The Company's portfolio includes instant and draw-based lottery games; electronic gaming machines and game content; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and social, mobile and interactive content and services. Light & Wonder was established in 1984 and is based in Las Vegas, Nevada.

DEAL STATS #
Overall 9 of 22
Sector (Software) 1 of 3
Type (Add-on Acquisition) 7 of 19
State (New Jersey) 1 of 1
Country (United States) 5 of 10
Year (2017) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Spicerack Media

Chattanooga, Tennessee, United States

Spicerack Media, Inc. is a mobile and social game company. Spicerack Media, Inc. was founded in 2007 and is headquartered in Chattanooga, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Red7Mobile

Bristol, United Kingdom

Red7Mobile Ltd. is a designer, developer and delivers innovative mobile and desktop casino games and sports apps for real-money gaming partners. Red7Mobile Ltd. was established in 2011 and is headquartered in Bristol, UK.

Buy -
Mergr

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