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WirelessDevNet.com Press Release
Siemens Acceleration Sells its Stake in Software Developer Scaraboo to Best Gaming Technology
Siemens Acceleration in Communications today announces the successful sale of its portfolio company scaraboo GmbH, the developer of a highly sophisticated and scalable gambling platform. Acquirer is Best Gaming Technology AG (BGT), Europe’s number one technology and solutions provider for the gambling and games of skill industry. Scaraboo which has been a portfolio company of Siemens Accleration since July 2001 will remain an entity of its own within the BGT group and completes BGT’s product portfolio as full-service provider.
Scaraboo is the leading developer for interactive gambling software in Germany. The company’s highly scalable platform is a single solution that can be used from any place and with all common media such as Internet, mobile and fixed-line phones, interactive TV as well as automated betting terminals. The system which was developed in cooperation with international bookmakers as well as Siemens offers not only flexible frontends but also a complete backend that handles the betting-process and also takes care of payment and monitoring. The company which is headquartered in Bremen, Germany, counts renowned companies from different industries such as media houses, mobile network operators (MNOs) and gambling operators among its clients. The acquisition through BGT AG allows scaraboo to benefit from BGT’s acknowledged leading role in gambling, sportsbetting and games of skill and to continue its growth path.
Dr. Dietrich Ulmer, CEO of Siemens Acceleration in Communications said: “The more liberal public policies for the gambling industry and the growing demand from traditional media houses and other clients provides huge opportunities. Our investment into scaraboo four years ago as well as our continued marketing- and sales support for the young company anticipated this development. BGT and scaraboo benefit greatly from each other.”
“The trend in our industry shows the need to bundle different sales channels. This means, our clients want to reach their target groups via Internet, mobile phone, automated betting terminals and in the future also directly through the remote control of their TV. Scaraboo’s platform is ideally suited to handle all that. Together with our risk managing solutions, it becomes the most sophisticated platform for sportsbetting”, said Dr. Armin Sageder, CEO of BGT. “By acquiring scaraboo we complete our product portfolio and will further expand our position as the leading provider of turnkey solutions in the international gambling industry.”
The acquisition through BGT is warmly welcomed by the scaraboo-management and the 20 member strong developer team. The founders Arne Urban and Jan Ochotnicki said: “We remain committed to the city of Bremen and want to secure our competitive advantage in the field of media-convergent gambling platforms. This will allow us to continue our growth path under the umbrella of BGT. “
Best Gaming Technology AG (BGT)
BGT develops highly sophisticated turnkey solutions for gambling industry including sports- and horsebetting as well as games of skill. BGT provides all technological requirements such as development of software and operating the technical infrastructure so that its clients can quickly enter the growing gambling market. The company which is headquartered in Vienna, Austria, acts as full-service provider on an international basis with subsidiaries in Austria, Germany and Norway.
Siemens Acceleration in Communications GmbH Siemens Acceleration is a wholly owned subsidiary of the Siemens Communications Group. Founded in Munich, Germany, in 2001, Siemens Acceleration fosters early-stage start-ups in the communications industry by providing a comprehensive service bundle in addition to funding. Siemens Acceleration currently holds stakes in 21 portfolio companies around the world and is actively seeking investment opportunities in Europe, Israel, North America and Greater China. Siemens Acceleration is part of a greater network at Siemens whose mission is to drive technological innovation by supporting start-up companies. In addition to Siemens Acceleration, also Siemens Technology Accelerator, Siemens Technology-To-Business Center and Siemens Venture Capital contribute to the innovation strategy of Siemens. Their individual mandates are defined according to financing stages and industry focus. For more information: www.acceleration.siemens.com
Siemens Communications
Siemens Communications is one of the largest players in the global telecommunications industry. Sie¬mens is the only provider in the market that offers its customers a full-range portfolio, from devices for end users to complex network infrastructures for enterprises and carriers as well as related services. Siemens Communications is the world’s innovation leader in convergent technologies, products and ser¬vices for wireless, fixed and enterprise networks. It is the largest Group within Siemens and operates in more than 160 countries around the world. In fiscal 2004 (year-end September 30), its 60,000-strong workforce posted sales of approximately 18 billion euros. More about Siemens Communications at http://www.siemens.com/communications
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