Gambling Provider Greentube Takes Over Alteatec

This is Alteatec

Since its founding in 2001, Alteatec has been able to prove that it can develop and operate tailor-made IT solutions that have the future. There are now branches in the most important European locations such as Malta, Italy, Austria, India and Romania, but also in India and the USA. Typically, customers come from the automotive, pharmaceutical, financial, healthcare or insurance industries. But Alteatec has also become one of the world's leading providers of iGaming management systems and platforms for the gaming industry.

Alteatec has established itself

At the heart of Alteatec's portfolio, which has propelled it to its size and importance in the gaming industry, is an iGaming management system called Olympus One. This includes, among other things, functional units for duel tournaments, bonuses and many other tools. The Olympus One system can also connect land-based arcades with online casino offerings; Alteatec had developed new modules specifically for this purpose. The company is also known for its Safe Server and other security solutions that strengthen its position in the market.

Greentube is now taking over

Financial details were not disclosed, but a press release confirmedigte that Greentube will now hold a majority stake in Alteatec and will therefore take over the helm. This takeover is intended to strengthen its own offering, especially the B2B area. There are also plans to optimize Greentube's portfolio with live dealer streaming and voice-over technologies from Alteatec. The aim is not only to be a gaming operator with a high-quality offering, but also to remain so in the future.

"I am thrilled to begin 2023 in such a meaningful way. Alteatec is a market leader in iGaming technology. The expertise of Alteatec's talented and experienced team will be instrumental in Greentube's continued success." - Thomas Graf, CEO of Greentube, Press release

Combinations should bring innovations

It is also planned to combine Alteatec's technologies with the Novomatic know-how for electronic table games. If this succeeds, Greentube will be able to offer 360-degree solutions in the future that are available both offline and online. The associated one Novo Unity system has the task of enabling flexible interconnection of a large number of electronic live games and slot games - on an unlimited number of player stations. If it works as Greentube hopes, this could be a groundbreaking innovation.

"It is very gratifying to watch the company's growth, especially if this acquisition allows us to bring on board some of the best talent in the world. Alteatec's technology will rapidly increase our overall performance and open up new technological opportunities for us." - Georg Gubo, COO of Greentube, Press release

This is Greentube

Some people may know that Greentube recently won the technology contract for the Loterie Nationale in Luxembourg. The company also belongs to the well-known group Novomatic, which is Austria's second most valuable brand. His first steps in the gambling industry Greentube, then under a different name, started in 1998 with the launch of the 3D sports game Ski Challenge, which is still going strong today sometimes sorely missed. After a successful decade, Greentube finally became part of the Novomatic group in 2010.

"Greentube is a company that no longer needs any introduction. We are very honored to become part of this renowned brand through this partnership and can hardly wait to contribute our expertise and specialization to our shared success and growth." – Christian Sael, Managing Director at Alteatec, Press release

Gambling provider Greentube takes over Alteatec