Platform provider WA.Technology has taken a major step forward by acquiring iGaming technology developer Onseo in a deal that industry insiders estimate to be worth millions of euros. This acquisition positions WA.Technology for significant growth, particularly as the Brazilian iGaming market prepares for new regulatory changes that are expected to shake up the industry.
While the exact sum remains undisclosed, the acquisition marks a strategic move for WA.Technology is already making waves in Brazil, a market primed for rapid expansion. Onseo’s expertise will help solidify the company’s presence in this emerging market and beyond.
Why Onseo?
WA. Technology’s CEO, Tim Scoffham, didn’t hold back his enthusiasm for the deal, saying: “We are absolutely thrilled to welcome Onseo to the WA.Technology family! We have already been a customer of theirs for a while—their ability to deliver high-quality technology quickly makes them a force to be reckoned with. Their client base is a clear testament to their quality.”
Scoffham’s excitement is justified. Onseo has earned a strong reputation in the iGaming industry, delivering advanced technology and software solutions to major players like Aristocrat, bet365, BetVictor, Bally’s, IGT, LiveScore, and Gamesys. This acquisition gives WA.Technology access to Onseo’s deep technological expertise, allowing it to enhance its service offerings across multiple gaming verticals.
Onseo’s skill in game production, sportsbook platforms, and technology solutions brings additional capabilities that will allow WA.Technology to offer in-house services for platforms, sportsbooks, casinos, and sweepstakes games. The acquisition also ensures the company can maintain rapid turnarounds for custom solutions—a crucial advantage in the competitive iGaming space.
A Boost for WA. Technology’s Future
The acquisition isn’t just about expanding WA. Technology’s capabilities—it’s also about speed and scale. With Onseo’s team of over 700 developers now part of WA.Technology, the company is positioned to roll out new features and custom solutions faster than ever. This acquisition dramatically increases the company’s ability to deliver rapid turnarounds for its clients, something that is critical in the fast-paced world of online gaming.
Scoffham added: “This acquisition has been in the works for quite some time. It marks an incredibly exciting new chapter for WA.Technology as we now bring huge capacity in-house.” By bringing Onseo’s development power under its wing, WA.Technology will be able to service its clients with more agility and offer customized products to operators across the globe.
The Perfect Partnership
For both WA.Technology and Onseo, this acquisition feels like a natural progression. Scoffham noted that Onseo’s technical know-how complements WA. Technology’s goals: “Onseo is the perfect addition to our ecosystem; their expertise will allow us to not only upsell our own portfolio of products but also deliver new and exciting experiences for our partners around the world.”
This combination of Onseo’s established client base and technological edge with WA. Technology’s platform and market reach creates a powerful synergy. Together, the companies are poised to push boundaries and create new opportunities for operators in the iGaming space.
What This Means for the iGaming Industry
The acquisition of Onseo by WA.Technology is more than just a corporate transaction—it’s a signal of how the iGaming industry is evolving. With Brazil set to launch its regulated market, this acquisition couldn’t come at a more opportune time. WA. Technology’s enhanced capabilities will allow it to be a key player in this rapidly expanding market, offering tailored solutions to meet the needs of local operators.
Moreover, Onseo’s track record of working with major brands worldwide positions WA.Technology to expand its global footprint. This is a win-win for both companies, as WA.Technology can now deliver cutting-edge solutions with speed and scale, giving them a distinct competitive advantage.
