Date: 09.07.2024

by Sebastian Warowny

EveryMatrix Acquires FSB Technology

Betting platform provider EveryMatrix announced today that it has come to terms to purchase sports betting software group FSB Technology in an all-cash offer.

Details of the Acquisition

The financial terms of the deal were not disclosed, but the acquisition is poised to significantly enhance EveryMatrix’s sports betting platform. This move will integrate FSB’s horseracing and casino products into EveryMatrix’s existing offerings.

London-based FSB Technology, which has been operational since 2007, currently employs over 200 people. The future of these employees under the new ownership has not been specified.

Perspectives on the Acquisition

EveryMatrix CEO Ebbe Groes expressed his enthusiasm about the acquisition, stating: “I’m delighted to announce our purchase of FSB Technology and I’m proud of the EveryMatrix team that has been involved in making this deal happen so effortlessly.

“This is our most ambitious acquisition to date, by value, size, and complexity. There was a huge amount of internal teamwork behind the scenes to ensure this process was managed efficiently which is a great credit to everyone. Our ability to quickly transact and get this over the line so smoothly has been very impressive.

“This transaction facilitates our long-term growth strategy of entering and growing within a greater number of regulated markets, including the UK, Ireland and Africa, where many FSB clients operate. It also allows us to accelerate this process, diversify our customer and revenue profiles, while simultaneously migrating customers to a stronger, high performing product proven to deliver exceptional results.”

FSB Technology CEO Adam Smith also commented on the acquisition: “FSB has achieved a lot over the last 18-20 months including expansion into new markets and launching innovative propositions. Joining together with EveryMatrix represents another major milestone for FSB. We are delighted and excited by the new opportunities this deal could create, through the sharing of our unique capabilities as well as accelerating the growth of FSB’s existing partners.”