Mfuse purchased by Nektan
Social and online games, content and services developer Nektan has acquired the full issued share capital of mobile betting technology provider Mfuse Limited for an undisclosed sum.
Gibraltar-based Nektan is the creator of the hybrid ‘sklots’ skill and chance game concepts and recently raised £5 million following a successful private equity fundraising campaign.
“We are thrilled to be welcoming the talented and capable Mfuse team to Nektan,” said Gary Shaw, Chief Executive Officer for Nektan.
“It will be a perfect complement to our existing teams in Gibraltar and the United States. Together we will be able to fully realise the market opportunity to create and deliver industry-leading games content for mobile and touch devices.”
Nektan stated that it needed to grow its production and engineering capabilities quickly after signing a ‘number of key mobile content distribution deals for leading operators such as William Hill, Scientific Games and Norsk Tipping’. It declared that Mfuse was subsequently identified as an ‘ideal fit’ as it would bring ‘world-class mobile engineering skills, deep gaming sector expertise and strong senior management’.
“We are excited to be joining Nektan and quickly adding value to its global content deals,” said Geoff Read, Chief Executive Officer for London-based Mfuse.
“With our combined expertise we will also be working on a new range of innovative product variants that I will look forward to announcing at a later date.”