Sporting Index Group revealed that an undisclosed private investor in online sports betting is to acquire the company from its current owners, HgCapital, pending regulatory approval.
The company was established in 1992 and offers sports spread betting and odds on political and pop culture events. Under its Sporting Solutions brand, SIG began providing outsourced sports trading services including data management, modelling, pricing data and software.
The buyer intends to expand its B2C betting business and services provided by the Group's B2B pricing and software services business.
In a statement made on Monday, Warren Murphy, CEO of the Sporting Index Group, said, “Our new owner is an excellent fit for our business. We have a shared vision for the future and will receive the necessary resources and expertise to help drive the future growth of both Sporting Index and Sporting Solutions."
Your feedback
Please enter your comment.
Your comment is added.
Comments (1)
sharpe
03/25/15, 10:03:51 PM
It is the most usual thing in the world of business for the companies to change their owners and it seems like Sporting Index Group needed that change.I believe...
It is the most usual thing in the world of business for the companies to change their owners and it seems like Sporting Index Group needed that change.I believe this will be for a good of the company, possibly a new funds will be invested in it and that will help them to stay one of the leaders in sport betting.
Show more
