Nds Grp. Plc Adr (MM) (NASDAQ:NNDS)
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Orbis Holdings Ltd, the parent company of Orbis
Technology Ltd, the leading provider of interactive gaming
and betting solutions, is pleased to announce that it has acquired
UK-based online interactive games developer, Electracade Ltd.
Orbis has acquired the entirety of Electracade’s share capital for a
consideration of £2.6 million in cash with further consideration payable
conditional upon certain future performance criteria.
Electracade has established a portfolio of innovative and compelling
games which fully complement Orbis’ existing product range.
About Orbis
Established in 1996, Orbis Technology Ltd, an NDS Group company, is the
world’s leading provider of interactive gaming and betting solutions.
Orbis develops pioneering front-end and back-office solutions, from
unique and compelling games to sophisticated management and reporting
tools.
By utilising the Orbis OpenBet™ software platform with its unique ‘One
Account, One Wallet’ solution, operators are able to provide their
customers with the ability to bet and play in multiple languages and
currencies across multiple products and platforms, including web, mobile
devices, retail outlets, call centres and interactive digital
television, all with a single log-in.
Each of Orbis’ customer agreements includes an undertaking from the
customer that its gaming operations that use Orbis’ software will not
involve players in the United States or any other jurisdiction where
such gaming operations are prohibited by law.
To find out more about Orbis OpenBet visit www.openbet.com.
About NDS
NDS Group plc (NASDAQ:NNDS), a majority-owned subsidiary of News
Corporation, supplies open end-to-end digital technology and services to
digital pay-TV platform operators and content providers. See www.nds.com
for more information about NDS.
Cautionary Statement Concerning Forward-looking Statements
This document may contain certain “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on management’s views and assumptions
regarding future events and business performance as of the time the
statements are made. Actual results may differ materially from these
expectations due to changes in global economic, business, competitive
market, regulatory and other factors. More detailed information about
these and other factors that could affect future results is contained in
our filings with the US Securities and Exchange Commission. Any
“forward-looking statements” included in this document are made only as
of the date of this document and we do not have any obligation, nor do
we undertake, to publicly update any “forward-looking statements” to
reflect subsequent events or circumstances, except as required by law.