Vibra Group to accelerate LatAm growth through purchase of Brazil-based TSA

LatAm content and platform developer Vibra Group has completed the acquisition of TSA, a Brazil-based technology company and one of its longest-standing development partners.

The move is set to help Vibra accelerate its growth plans for the Brazilian market, the company said, including the addition of 55 platform development experts based in Northern Brazil.

TSA and Vibra Group have been long-term partners. Additionally, the Brazilian tech company, which operates under the ServiceNet brand name, has existing contracts with several Brazilian lotteries, including Loteria do Tocantins, Loteria do Maranhao, Loteria de Sergipe, and Loteria da Paraíba.

The integration of TSA's experts is expected to enhance Vibra's platform development roadmap with additional resources dedicated to the Vibra Solutions business unit and will help consolidate the company's structure across the LatAm region. 

The LatAm-based team is focused on game studios, Remote Gaming Server (RGS), and Electronic Gaming Machines (EGM). The Brazil-based team specializes in Player Account Management (PAM) and sportsbook solutions.

Vibra's product strategy consists of the delivery of solutions encompassing three core areas: a customizable sportsbook and casino platform; a content aggregation platform including proprietary and third-party games; and an EGM platform allowing operators to distribute products and content through VLT / retail terminals. The group's three business divisions are Vibra Gaming, Vibra Solutions and Vibra VLT / Retail.

Ramiro Atucha, CEO of Vibra Group, said: "We're delighted to close the acquisition of TSA and welcome the team to the Vibra family. TSA is one of our closest and most trusted partners with whom we've closely collaborated across several significant projects as well as ongoing development work, therefore joining forces makes perfect strategic sense.

"Our expansion and first M&A deal follows significant customer demand and growth across the LatAm region in the last 12 to 18 months so the timing is ideal. We're very excited to have the TSA team join us as we continue our journey."

Werter Luna, CEO of TSA, said: "We're thrilled with the outcome of joining Ramiro and the Vibra team after having worked together for so long. The synergies were very clear and both companies know we are stronger together. The future is very bright and we're ready to go on the ambitious plans we have to significantly grow our business."