The investment company The Visualize Group has signed an agreement to purchase eCOGRA, an agency providing testing and standardization services in the online gambling industry.
The financial terms of the deal have not been disclosed.
Upon integration into the company, eCOGRA will continue operations under its current management. Specifically, Will Shuckburgh will retain his position as CEO. It is also reported that eCOGRA employees will be included in an equity participation program.
The Visualize Group stated that the acquisition will enable the company to expand its presence in the service market for online gambling operators. In turn, eCOGRA aims to leverage the resources of its new owner for further growth and service development.