Octavian completes reverse merger with publicly traded HouseFly

Capital will fund growth in new product areas, enrich technologies and expand Octavian’s global presence for the benefit of existing and new Octavian customers worldwide.

Harmen Brenninkmeijer, CEO of the new company, stated: “This allows us to forge ahead with many exciting opportunities that we have been planning and developing for some time. As well as allowing us to invest further in solution development – such as our own-brand Maverick EGM and games kits and our e2e GMS (End to End Gaming Management System) this will enable us to invest in our customers’ future success. That could be through participation arrangements, for example, or by working hand-in-hand with operators to help them maximize the business benefits of the new Octavian EasyStart casino system.”

Brenninkmeijer added: “Our strategy has always been to seek out and nurture opportunities in growth markets across the gaming world. Now, with strong backers, we can capitalise on those opportunities and take Octavian to the next level. Nevertheless, our core positioning as a strong and innovative, technology-focused company remains unchanged. We will continue to grow our technologies into major business-building pipelines, through which our customers can manage their gaming operations and generate and deliver business success.”

Octavian’s CFO Peter Brenninkmeijer was similarly enthusiastic, stating: “This capital infusion is a significant amount of money for a company of Octavian’s size. That we have raised such a sum to help fund our exciting growth opportunities, particularly in current financial market conditions, is testament to the faith investors have in the Octavian business model. As well as enabling us to enrich our technologies and our solution offering for customers, this move is very much part of our long-term strategy. We will continue to expand our global presence through organic growth and strategic partnerships.”

Established in 2001, Octavian is a total gaming and lottery solutions provider, serving Casino, AWP (Amusements With Prizes), Lottery and emerging gaming market sectors worldwide. Octavian-developed solutions, and also leading third-party products, are marketed under four core solution areas – OctaSystems, OctaGames, OctaSupplies and OctaLotto.

The company currently has offices and computer centres in Argentina, Australia, Colombia, Germany, India, Italy, Russia, UK, Ukraine and USA. Through this extensive network, and also through JVs and partnerships across the gaming world, Octavian systems, games and other solutions are deployed and supported in more than 30 countries.