WMS Augments Online Gaming Capabilities Through Jadestone Group Acquisition
WMS Industries Inc. (NYSE: WMS) announced today the acquisition of Jadestone Group AB, a leading developer, publisher and distributor of online gaming content and entertainment for online game companies. This tuck-in acquisition is of a strategic technology enabler that augments and enhances the existing WMS portfolio of gaming content, online products and content distribution capabilities for customers looking to expand their brand with online interactive offerings. The terms of the transaction, which will be funded from cash on hand, were not disclosed.
Jadestone has established itself as a leading B2B platform integrator and online game publisher, serving customers primarily in Europe. The company provides end-to-end development and distribution services for casino games and other popular online games for a wide range of high-profile customers including Betfair, Betsson, bwin.party, Gioco Digitale, Microgame, Nordic Gaming Group, Paf and Unibet Group, among others. Jadestone offers games in 25 languages, reaches over 50 million potential players across Europe and, most recently, has become one of the leading providers of multi-player skill games in the newly regulated online gaming market in Italy.
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