Private investor to acquire Sporting Index Group

Private investor to acquire Sporting Index Group

Monday, March 23, 2015 Totally Gaming

Sports betting company Sporting Index Group has been acquired by an unnamed private strategic investor from the online sports wagering industry.

Subject to regulatory approval, the private investor will acquire Sporting Index from its current owner, HgCapital.

Founded in 1992, London-based Sporting Index has a B2C operation, a spread betting company, and a B2B operation that supplies real-time pricing and sports trading capabilities.

Sporting Index stated that the investor plans to support the company’s current management team in expanding the potential of its B2C betting business, in addition to enhancing the range of services provided by the firm’s B2B pricing and software operation.

Warren Murphy, chief executive of the Sporting Index Group, said: “This is a really exciting time for the Sporting Index Group, its staff and its customers.

“Our new owner is an excellent fit for our business.

“We have a shared vision for the future and will receive the necessary resources and expertise to help drive the future growth of both Sporting Index and Sporting Solutions. We are excited by the opportunities that lie ahead.”

Sporting Index declined to comment further on the deal when contacted by TotallyGaming.com.

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