The Visualize Group, a private investment firm specialising in services-based businesses, has announced it will acquire BMM Testlabs.
Martin Storm will remain in his position as CEO and president of BMM Testlabs after the merger. Additionally, he will retain a significant stake in the company. Though there is no confirmed report on the financial terms of the deal.
“For 44 years, BMM has dedicated itself to becoming the premier service provider and partner to gaming regulators, suppliers, and operators, ensuring that regulated gaming is conducted safely, transparently, and compliantly.“ said Martin Storm.
“It’s a privilege to contribute to this journey and witness the achievement of our ambitious goals. Partnering with Visualize marks an exciting new chapter, as together we will drive growth for BMM and seize the immense opportunities within the evolving gaming market, “ he continued.
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BMM, which was founded in 1981 and has its headquarters in Las Vegas, offers compliance services to providers of gaming products on six continents. With offices in 16 countries, including Argentina, Brazil, Peru, and Australia, the company has more than 700 licenses worldwide. Its clientele includes lottery, sports betting, iGaming, Class II and III gambling, and more.
Visualize is dedicated to supporting BMM’s next stage of growth by funding both inorganic and organic expansion plans while upholding the business’s commitment to service excellence and regulatory integrity. A comprehensive employee ownership program will be implemented by Visualize in tandem with the acquisition, allowing employees to participate in the creation of future wealth.
CC Melvin Ike, Managing Partner at Visualize said, “Our team has closely studied the rapid global expansion of regulated gaming markets and we believe this trajectory will continue. As new jurisdictions open around the world, the need for safe and compliant gaming continues to rise. With its global footprint, track record of technical leadership and trusted reputation in the market, we believe BMM is the best-positioned regulatory technology platform to capitalise on the market opportunity“