Gaming Laboratories International (GLI), the test service and consultancy provider to the iGaming industry, has acquired outstanding shares in a leading online gaming testing laboratory, iTech Global.According to GGRAsia, the acquisition enabled GLI Australia to acquire the 100% ownership over ITech Global which became a fully-owned vertical of the Australian company providing expertise to iGaming suppliers, operators, and regulators.
iTech Labs, as a testing and certification laboratory for online gaming systems, has been reportedly operating since 2004. Over the past decades, the laboratory has tested and certified almost all types of casino games for multiple online gaming platforms. The source reports that the network of iTech Labs includes the verticals in Italy and United Kingdom.
Overall, iTech Labs reportedly hires a highly qualified staff to conduct thorough tests and deliver test reports to customers on a regular basis. According to the GLI’s press release, this staff has also taken part in the development of the Australian Internet Gaming Standards. GLI also stated that iTech Labs would keep its independence in operating its global network of testing laboratories. But the laboratory will also coordinate its global operations with the GLI’s respective sections.
Mutually Beneficial Deal:
GLI added that the latest acquisition of the iTech Labs would be beneficial for both companies. The statement specifically indicated that iTech’s clients will be able to refer to the GLI’s global network of laboratories, as well as to take advantage of the consultancy company’s relationships with worldwide regulators. The result of the thus extended customer base is expected to facilitate the growth of both the parent company and its new subsidiary.
The statement of the GLI’s president and chief executive James R.Maida reads: “We are pleased iTech will continue to be branded as iTech and will operate as they have over the past 19 years. We are pleased that Kiren Sreekumar, Geoff Nicoll, nAni Srinivasan, and the entire management, testing and sales teams will continue to operate and be licensed in the jurisdictions they serve.”
Kiren Sreekumar, CEO and principal consultant of iTech Labs, reportedly added: “The GLI Group shares our values and deep commitment to providing our customers best-in-class service and are exceedingly pleased with this investment. While iTech has achieved great success over the past many years, with the GLI Group’s support we are confident that iTech’s growth will be enhanced and thereby benefiting our customers.”
A Move to Meet Industry Requirements:
GLI’s CEO James R. Maida said in December 2022 to GGRAsia that the online gaming production was growing more quickly than the land-based casino products. Maida reportedly said on the occasion that the company was ready to increase its staffing levels to meet the growing industry requirements. The latest acquisition of the iTech Labs testifies to such GLI’s commitment.