Greentube acquires majority stake at IT company Alteatec to bolster its B2B offering

Greentube, NOVOMATIC's interactive gaming division, announced Tuesday it has acquired a majority stake in Malta-based IT company Alteatec. The deal allows Greentube to "significantly bolster its own B2B offering" by utilizing Alteatec's iGaming management system and platform technology Olympus One.

In a press release, the company shared plans to improve its content portfolio by using Alteatec's live dealer streaming and voiceover technology, "further cementing its reputation as a leading supplier of content to the iGaming industry." Combining Alteatec technology with Novo Unity, the electronic table games technology of NOVOMATIC, will enable Greentube to provide "360-degree solutions," both offline and online. 

Established in Austria in 2001, Alteatec has built a strong reputation for itself as a global supplier of solutions in the iGaming sector, says Greentube. Its core product Olympus One was deemed by the company as a "leading iGaming management system" and it has also developed other solutions including the Alteatec Safe Server.

"Olympus One is not only a state-of-the-art system that offers Bonus Engines, Duel Tournaments, and other gamification tools but also implements a new approach that connects the online world with land-based arcades and casinos via the new Landbased Connection and Partner modules," said Greentube.

Thomas Graf

As part of the acquisition, Greentube CEO Thomas Graf and COO Georg Gubo will become Managing Directors of Alteatec, alongside current Managing Director Christian Sael. 

Thomas Graf said: "I am delighted to start 2023 in such a momentous fashion. Alteatec is a market leader in iGaming technology and being able to utilize its talented and experienced team is going to be game-changing for Greentube going forward."

For his part, Georg Gubo commented: "It's incredibly satisfying watching the business grow, especially when we're bringing in some of the best talents from around the world via this acquisition. Alteatec's technology will rapidly increase our overall output, taking us to the next level."

Georg Gubo

Lastly,  Christian Sael added: "Greentube is a company that needs no introduction, so to become part of that storied brand truly is an honor. We're all incredibly excited about this partnership and we can't wait to get to work, delivering all the services we're recognized for in order to help the company grow."

Earlier this month, Greentube announced the launch of Mynt, a "revolutionary" new technology stack for producing and supplying games. Greentube Mynt comprises several modules with a state-of-the-art Remote Gaming Server (RGS) at its heart.