TGLAB Acquires SysGaming, Targets LATAM Growth

TGLAB, an ambitious and progressive iGaming technology partner, has announced its acquisition of SysGaming, a Brazil-based gambling software provider. This agreement is set to enhance the former company’s overall capabilities and presence in the LATAM region.

TGLAB Will Reinforce Its Position in LATAM

TGLAB already boasts a robust footprint in Latin America, with its presence extending across several countries. By acquiring SysGaming, TGLAB will grow its team, adding a few dozen skilled developers to its lineup.

As a company that is well-versed in the local market, SysGaming will help TGLAB grow its market share, in line with the latter company’s ambition to become a LATAM leader.

The acquisition, according to TGLAB’s official announcement, will help the company bolster its pipeline and deliver even better bespoke, localized experiences in real-time to its partners in Latin America. As usual, these products will be available in both Spanish and Portuguese, allowing the company to tap into a broader audience.

Thanks to the deal, our partners will now gain an abundance of localized content for sports betting and iGaming across Brazil and LatAm.

TGLAB statement

Ugnius Simelionis, the company’s chief executive officer, also weighed in on the matter. He praised SysGaming for its impressive presence and reputation in Latin America, as well as for the exceptional quality of its products. According to him, the merger will allow the two companies to offer operators unparalleled localized experiences.

SysGaming had established a strong reputation in LatAm for exceptional quality development. With their knowledge and expertise, we can now offer LatAm operators the best localized service on the market.

Ugnius Simelionis, CEO, TGLAB

Brazil Prepares to Launch Regulated Online Betting

This agreement comes ahead of the looming legalization of online betting in Brazil. As the Latin American country prepares to regulate the vertical, operators are vying for market share in what is poised to become a key market.

Brazil’s famous love for sports and its huge population are a recipe for a successful market. Despite that, there have been certain concerns about the future of gaming, prompting certain strict regulatory measures.