Nektan Follows Up Commitment By Revealing B2B Platform Deal In Malta


Nektan PLC on Monday said it has “significantly boosted its global presence” by signing its first global platform deal for its Evolve Lite gaming system with Malta-based gaming firm Tyche Digital Malta Ltd.

Tyche will integrate Nektan’s games aggregation platform into the multiple global markets in which it operates and will be responsible for localised licensing.

“Several of Nektan’s current games partners will contract via Nektan into the aggregation platform. The solution is expected to be live and starting to generate income this year,” the London-listed gaming company said.

Gary Shaw, interim chief executive of Nektan, said the system had been built to be applied quickly with no dependence on geographic location, which was a “primary driver” in Tyche’s decision to partner with the company.

Shaw added that he sees “significant growth” potential in new geographical markets and expects new revenue flows to start before the end of the 2017 calendar year.

The new contract win is the first to be announced since it released earlier this month its first quarter results running to the end of June, showing “strong growth”. Nektan also said it was expecting to announce its first platform deal in relation to its B2B business shortly – followed by the announcement on Monday – adding that it was targeting up to 23 countries in total for its localised licensing strategy