In a strategic move to enhance its gaming testing capabilities, Gaming Labs International (GLI) Group has announced the acquisition of global laboratory iTech Global (iTech Labs). Financial terms of the deal were not disclosed.
As part of the deal, iTech Labs will become a wholly owned subsidiary of GLI Australia, allowing for collaboration with GLI’s sales and back-office staff worldwide while maintaining its independent operations.
The acquisition enables iTech Labs to leverage GLI’s global network of testing laboratories and established relationships with regulators around the world, providing their clients with enhanced resources and support.
“We are pleased iTech will continue to be branded as iTech and will operate as they have over the past 19 years,” stated James R. Maida, GLI’s CEO.
James R. Maida, GLI CEO
He added: “We are pleased that Kiren Sreekumar, Geoff Nicoll, Ani Srinivasan, and the entire management, testing and sales teams will continue to operate and be licensed in the jurisdictions they serve.”
With the backing of the GLI Group, iTech Labs anticipates accelerated growth and an even higher level of support for its clients.
Kiren Sreekumar, CEO of iTech Labs, stated: “The GLI Group aligns with our values and shares our dedication to providing customers with unparalleled service. While iTech Labs has achieved remarkable success over the years, we believe that this investment from the GLI Group will further propel our growth, ultimately benefiting our clients.”
iTech Labs has been testing and certifying online gaming systems since 2004 in a variety of jurisdictions. The iTech Labs staff have also been at the forefront of the development of the Australian Internet Gaming Standards.