Paris, December 12, 2023. The strategy consulting firm Neovian Partners supported Agila Growth in their investment in Sportytote Software, a SaaS software solutions provider, specialised in regulated betting and gaming in emerging countries.
Created in 2013, Sportytote Software offers technological solutions for sportsbook, horse racing and lottery to its clients, mostly composed of regulated sports and horse racing operators, but also government players, mainly in emerging countries. The group achieved a turnover of ~€30m in 2022, of which around 70% based on multi-channel, multi-product betting solutions under the Honoré Gaming brand and 30% on the regulatory solutions for institutional partners under the Sharp Vision brand.
Beyond the comprehensive analysis of the African and LATAM markets of regulated gaming software and the client feedback both for operators and institutional partners, the Strategic Due Diligence carried out by Neovian Partners successfully fulfilled the objective of evaluating the full competitive landscape and Sportytote Software’s positioning, image and differentiating factors amongst its most direct competitors.
Neovian Partners’ team was led by Patrick Richer, Founding Partner.
“We were extremely pleased to support Agila Growth in its investment. After establishing itself on the African continent and opening the South American market, Sportytote Software will undoubtedly become an international key player, both in terms of operator platform and government support. The vision and audacity of Cyril and Christophe Casanova, combined with the experience and commitment of Laurent Foata, Laurent Grimaldi and Nicolas Gendry at Agila Growth, will enable the group to achieve the strategic milestones it has set for itself over the next few years.”
Patrick Richer, Founding Partner
Kevin Bailey, Partner, piloted the team who accompanied Amethis on this operation.
About Neovian Partners
Neovian Partners is a consulting firm specializing in the creation of tailored solutions in Strategy, Business Due Diligence, Strategic Screening and HR/Leadership, serving fast-growing investment funds, SMEs and MSCs. Based in Paris and Lyon with a team of about 30 consultants, Neovian Partners is also present internationally, with a network of partner firms with more than 500 employees in 21 countries. Neovian Partners is a generalist firm but with a particularly important project history in software, IT, Internet, Industry, Health and MedTechs, as well as in many niche sectors. More information on : www.neovianpartners.com