GiG Expands Market Reach with Acquisition of Titan Inc.

Gentoo Media (formerly GiG Media) umbrella.

Strategic Benefits of the Acquisition

The integration of Titan into GiG’s operations is anticipated to yield substantial cost savings and operational efficiencies for Gentoo Media’s publishing division. By consolidating SEO and content functions under Titan, GiG expects to significantly reduce operational costs. Titan’s proven expertise is also poised to enhance the quality and expedite the time-to-market for content, thereby driving increased revenue within the division.

Jonas Warrer, CEO of Gentoo Media and the acting group CEO of GiG, commented on the acquisition, “I’m pleased to announce that we have completed the acquisition of Titan. This acquisition aligns with our strategic goals to enhance operational efficiencies and strengthen our position in the market. Integrating Titan’s SEO and content expertise will improve our service capabilities. We look forward to realizing the benefits this brings to our operations and stakeholders.”

In the fiscal year 2023, Titan Inc. Limited reported revenues of MEUR 3.30 and an EBITDA of MEUR 0.72. The acquisition deal was valued at MEUR 3.2, structured with MEUR 1.1 paid at closing, and the remaining amount to be settled through two annual installments of MEUR 1.05 each, due after twelve and twenty-four months.

PlayStar’s Continued Market Success

In related news, GiG’s partners at PlayStar have achieved impressive results, driven by GiG’s award-winning iGaming platform. PlayStar has consistently challenged major U.S. operators in New Jersey, marking significant growth in market share month after month. According to respected analyst Oyvind Miller, PlayStar has firmly established itself within the top ten for iGaming GGR.

GiG takes pride in contributing to PlayStar’s success by providing a personalized, engaging, and high-quality online gaming experience. This partnership underscores GiG’s commitment to enhancing customer experience and driving brand growth. As GiG reflects on the achievements of the past two years, it is excited about the prospects for continued success and expansion in the coming years.

The acquisition of Titan Inc. and the ongoing success of PlayStar highlight GiG’s strategic focus on expanding its capabilities and market presence. With Titan’s integration expected to streamline operations and boost efficiency, GiG is well-positioned to leverage these improvements to drive future growth. The company’s achievements with PlayStar further illustrate its ability to foster successful partnerships and deliver exceptional value to its clients.

As GiG moves forward, the company remains committed to innovation and excellence in the online gaming industry, continuously seeking opportunities to enhance its offerings and strengthen its market position.

Source:

”Gaming Innovation Group completes acquisition of Titan – Strengthening SEO and content services”, prnewswire.com, August 26 2024.