Vancouver’s GeoComply, the leading geolocation compliance technology provider for the online gaming and sports betting industry, has announced its acquisition of OneComply, a leading licensing and compliance platform provider.
The acquisition marks a significant step forward for GeoComply as it seeks to expand its services and further solidify its position as a key player in the global gaming industry.
With the acquisition of OneComply, GeoComply will be able to offer its customers a comprehensive suite of compliance solutions that cover every aspect of the online gaming and sports betting ecosystem. OneComply’s expertise in licensing and compliance will allow GeoComply to provide its clients with a complete solution that meets all their regulatory requirements.
GeoComply Co-Founder and CEO Anna Sainsbury said, “From our first interactions with OneComply, we have been excited about the opportunity to welcome them into the GeoComply family, and it gives me great pleasure to have completed that process.
OneComply’s platform offers a range of services, including licensing and compliance management, regulatory reporting, and audit services. These services will complement GeoComply’s existing offerings, which include geolocation, age verification, and anti-fraud solutions.
The combined capabilities of GeoComply and OneComply will allow customers to access a complete suite of compliance tools in one place, streamlining the regulatory process and improving efficiency.
OneComply Co-Founder and CEO Cameron Conn commented, “As fellow Vancouver-based entrepreneurs, GeoComply has always been an inspiration. Our Co-Founder Aaron [Gould] and I are super excited about continuing our journey as part of the broader GeoComply team. I am sure that together we will amplify and enhance our world-class compliance and licensing solutions for regulated industries around the globe.”
The acquisition comes at a time of significant growth for the online gaming and sports betting industry, with more and more states in the US legalizing and regulating online gambling. As the industry continues to expand, compliance with regulatory requirements will become increasingly important, making the acquisition of OneComply a strategic move for GeoComply.
The terms of the transaction were not disclosed.
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