Add-on Acquisition • Internet Software and Services

Sportech Acquires eBet Online

On December 20, 2012, Sportech acquired internet software and services company eBet Online for 13M USD

Acquisition Context
  • This is Sportech’s 2nd transaction in the Internet Software and Services sector.
  • This is Sportech’s 2nd largest (disclosed) transaction.
  • This is Sportech’s 1st transaction in the United States.
  • This is Sportech’s 1st transaction in California.

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M&A Deal Summary

Date December 20, 2012
Target eBet Online
Sector Internet Software and Services
Buyer(s) Sportech
Deal Type Add-on Acquisition
Deal Value 13M USD

Target Company

eBet Online

California, United States
eBet Online, Inc. is a US business to business online betting operator and technology and services provider focused on the North American horseracing betting market.
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Buyer Overview 1

Buyer

Sportech

Edinburgh, United Kingdom

Category Company
Founded 1979
Sector Leisure
Employees162
Revenue 26M GBP (2022)
DESCRIPTION

Sportech is a sports entertainment company and one of the pool betting organizations, focusing on highly regulated markets worldwide. Sportech was founded in 1979 and is based in Edinburgh, the United Kingdom.


Deal Context for Buyer #
Overall 3 of 4
Sector: Internet Software and Services 2 of 2
Type: Add-on Acquisition 3 of 4
State: California 1 of 1
Country: United States 1 of 1
Year: 2012 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-06 4thegame.com

United Kingdom

4thegame.com is the oldest and one of the most respected football community websites.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-27 Data Tote

Bristol, United Kingdom

Data Tote Ltd. is an operator and technology and services provider focused on the European greyhound and horseracing betting market. Company brings a complementary product suite supplying its tote systems and services to 23 of the UK's 25 greyhound tracks and all 18 tracks in Ireland. Beyond its main market in the UK and Ireland, Data Tote's tote betting systems operate in greyhound, trotting and horse racing tracks in Sweden, Germany and Malta. Data Tote also provides the betting systems and technology at the racecourse for the unique ChesterBet, BangorBet and RiponBet betting services and has recently entered a relationship with Coral, supplying a range of sports pools software and services.

Buy £3M