Orbis Acquires Leading UK Online Interactive Games Developer, Electracade Ltd
04 December 2008 - 1:00AM
Business Wire
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. 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.
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