Fanduel Acquires Scots Mobile Development Firm

Deal to buy Kotikan expands daily fantasy sports firm's mobile capability

The Scotland-based mobile development firm Kotikan has been acquired for an undisclosed sum by major daily fantasy sports operator FanDuel, giving the group enhanced mobile technology capability,
The eight year old mobile developer has worked extensively with FanDuel, developing its iOS and Android apps and leading to the decision to take it over lock, stock and barrel.
Kotikan chief executive Gavin Dutch commented this week that both managements realised that the most effective way forward was for the companies to become a single entity, with Kotikan devoting its full resources to the success of FanDuel.
FanDuel recently announced that it had secured an additional $275 million in Series E financing, increasing its overall capital to $363 million.

Online Casino News Courtesy of Infopowa