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
Employees6,800
Revenue 3.2B USD (2024)
DESCRIPTION

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 25
Sector: Software M&A 1 of 3
Type: Add-on Acquisition M&A Deals 7 of 20
State: New Jersey M&A 1 of 1
Country: United States M&A 5 of 12
Year: 2017 M&A 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 -