BoscaSports, an Irish technology innovator, acquires 2DB, a leading video streaming and data solutions company.

(AsiaGameHub) –   BoscaSports, the Irish technology firm revolutionizing live betting information for racecourses and betting operators globally, has finalized its acquisition of UK-based 2DB, an integrated video streaming and data solutions business specializing in digital display technology.

This transaction positions the combined entity as a leading provider of LBO display technology, video streaming, and data-driven distribution services in the market.

The acquisition received support through a loan facility from Allied Irish Bank (AIB), signifying strong confidence in BoscaSports’ performance, strategy, and long-term potential.

Eugene Mitchell, CEO of BoscaSports, said:

This acquisition is truly transformative for BoscaSports. Merging our strengths with 2DB’s integrated video streaming and data solutions greatly improves our technological foundation, broadens our distribution footprint, and boosts the value we can provide to racecourses, operators, and bettors globally. We are proud to represent an Irish tech success story and appreciate the backing from AIB and Racecourse Media Group (RMG) as we move into this next stage of expansion.

RMG, a minority investor in BoscaSports since its inception, has increased its investment to facilitate the deal and ensure the company has ample resources for future innovation.

Nick Mills, CEO of Racecourse Media Group, said:

BoscaSports has been a dependable partner from the very start, and we are pleased to endorse this acquisition. Ensuring the durability of our investment and enabling BoscaSports to offer long-term, leading-edge solutions is vital for the entire racing industry and enhances shareholder value for our racecourses.

2DB is a UK-based software expert, delivering integrated video streaming and real-time data solutions that drive digital display systems throughout the gaming industry. The company is highly regarded by major international brands for its dependability, technical proficiency, and extensive experience.

Steve Boffo, Managing Director of 2DB Ltd, said:

We are thrilled to announce that 2DB has been acquired by BoscaSports. This represents an ideal cultural and strategic alignment, and we are prepared to move forward swiftly for the benefit of our team and our customers.

The incorporation of 2DB will result in a doubling of BoscaSports’ team, allowing the company to speed up product development, broaden its international presence, and further improve video, data, and display solutions across on-course, retail, and online betting platforms.

Pat Horgan, Head of Business Banking, Capital Markets, AIB, said:

At AIB, we take pride in backing Ireland’s homegrown technology companies as they expand globally. Their innovation stimulates economic growth, generates high-value employment, and solidifies Ireland’s standing as a prominent global technology hub. Bosca Technologies perfectly illustrates this ambition, demonstrating how pioneering innovation, robust strategic alliances, and a global outlook can lead to success on the international stage.

BoscaSports presently supplies live betting data to retail displays at all 86 racecourses throughout the UK and Ireland, and the Group will now extend its operations to 12 countries, including Italy, Sri Lanka, Cyprus, Malta, Morocco, and the UAE.

The consolidated client roster in the UK and Ireland now encompasses leading operators like Flutter’s brands, such as Paddy Power, alongside Entain, Britbet, William Hill, Boyle Sports, UK Tote, Tote Ireland, and the independent sector.

Furthermore, the company has secured several notable new contracts over the past year, involving Abu Dhabi Turf Club/Momentum, MST (Italy), SOREC in Morocco, Ascot Racecourse, and BetMakers/Greyhound Racing Ireland. BoscaSports’ revenue saw an approximate 40% increase in the last 12 months, highlighting the robustness of its technology and its lucrative, expandable business model.