Nektan increases global reach with Tyche deal

(PRESS RELEASE) -- Nektan PLC, a leading international B2B gaming solutions and services provider, has significantly boosted its global presence after securing its first global platform deal for the Evolve Lite gaming system with Malta-based gaming company Tyche Digital Malta Limited.

Under the terms of the agreement, Tyche will integrate Nektan's games aggregation platform into the multiple global markets in which it operates and will be responsible for localized licensing.

Content from several of Nektan's current games partners, including Realistic Games and PG Soft, will be made available to Tyche's client base.

The deal represents a major step in the platform provider's efforts to increase its international reach, with the solution expected to go live and generate income before the end of the year.

Gary Shaw, Interim Chief Executive Officer of Nektan, said, "We are very pleased that our platform has been chosen by Tyche, which further confirms Nektan's evolution into an international B2B business. Our platform has been built to be applied quickly with no dependence on geographic location, which was a primary driver in Tyche's decision to partner with us. We anticipate significant growth potential in these new markets, with new revenue flows expected to commence before the end of this calendar year."

Vyacheslav Grzhybovsky, Chief Technology Officer of Tyche, said, "Our decision to work with Nektan was determined by the Evolve platform, which allows for quick integration into existing operators who require high quality content. Nektan has both the platform and the content, but the determining factor was its speed of delivery and integration, something which sets Nektan apart from the majority of current gaming platforms."