Media Center: Press Release
Orbis Acquires Leading UK Online Interactive Games Developer, Electracade Ltd
LONDON, UK – December 3, 2008 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.
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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.
| For further information: |
|
| Orbis |
T: +44 (0)20 8834 5999 |
| Kate Newton |
M: +44 (0)7769 707 717 |
| Communications Director |
kate.newton@orbisuk.com |