Merger of two companies

in the iGaming industry

Overview

CLIENT iGaming Company INDUSTRY Entertainment SERVICE Technical Due Diligence

Project

Our client, an innovative platform revolutionizing the micro-betting landscape for sporting events, embarked on a strategic journey to enhance its offerings and solidify its market position.

Known for its quick-result betting features and commitment to responsible gambling, the company aimed to provide an even more engaging and entertaining user experience. The opportunity arose to acquire a leading sports and entertainment technology company, prompting the company to seek a partnership with Sphere for comprehensive Technical Due Diligence.

The Challenge & Scope of Work

The acquisition presented a unique set of challenges and opportunities. The company needed to ensure that the technology of the potential acquisition was compatible with its existing platform, could scale according to future growth plans, and adhered to the highest standards of security and performance.

The Sphere team initiated the assessment with three parallel workstreams.

Architecture, Design, and Solution Performance

Evaluating the complexity and structure of the platform, the design framework, security approach of third-party integrations, the data storage model, and protection methods.

Code

The team assessed the code’s complexity for scalability, the use of third-party components and dependencies, the level of technical debt, and the quality processes in place (automated vs. manual).

Infrastructure

A thorough review of cloud hosting (including any non-cloud elements), the maturity of CI/CD or release processes, and a summary of necessary tools, their purposes, and costs were conducted.

The Outcome

The diligent assessment led to insightful discoveries and actionable recommendations. We successfully confirmed the scalability potential and integration compatibility. However, assessment also showed deviations from best practices, including lack of test coverage which could lead to software failures, system crashes or security breaches, and high complexity of the codebase with gaps in documentation.

These findings helped the buyer make an informed decision regarding the acquisition, fully understanding the technological landscape and potential integration challenges.

Key Achievements

The assessment ensured that the acquired company’s technology seamlessly integrated with the buyer’s platform, enhancing overall system architecture and design.

Recommendations for improving data protection methods and optimizing solution performance were implemented, elevating the company’s commitment to providing a secure and efficient user experience.

Even though some potential scalability limitations were addressed, the platform’s capability to support a 5x growth without significant rewrites was confirmed, which gave the buyer required reassurance.

The review of infrastructure and cloud services, along with the evaluation of CI/CD processes, led to significant improvements identified, reducing operational costs by 30% and streamlining development workflows.

Takeaways

• The client had a smooth integration process post acquisition and a clear list of actions to address.

• Reduced the operational cost by 30% on infrastructure support without losing the quality.

• The client has successfully transformed the acquisition into a scalable solution resulting in increase in performance and revenue.

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Lee Ebreo

VP of Engineering at Credit Ninja

These things would not have been achievable if we did not build our own in-house system and if we did not partner with Sphere to help us achieve our goals.

Selah Ben-Haim

VP of Engineering at Prominence Advisors

Our experience with Sphere and their team has been and continues to be fantastic. We keep throwing new projects at them, and they keep knocking them out of the park (including the rescue of a project that was previously bungled by another vendor).

Ben Crawford

Senior Product Manager at Enova Financial

I would expect to be delighted. It's been a really positive experience, working with Sphere, and I would expect you to have the same.

Mark Friedgan

CEO at CreditNinja

Sphere consistently prioritizes the needs of their clients, demonstrating both agility and teamwork. As an offshore team, they have been an integral part of our organization and we plan to continue growing with them.

René Pfitzner

Co-Founder at Experify

Sphere provided excellent full-stack development manpower to augment our team and help push our product forward. They are easy to work with, tech-savvy and proactive.

Bruce Burdick

Chief Information Officer at Integra Credit

We've been working with Sphere and its excellent consultants since our founding. I've found that they are true partners in the success of our business.

Jemal Swoboda

CEO at Dabble

The resources and developers that Sphere Software provides are skilled and have the required technical expertise, but more importantly, they have helped us build a culture of excellence within our team.

Arthur Tretyak

Founder and CEO at IntegraCredit

With Sphere, we were able to migrate in half the time it would take to train an additional FTE… and for a fraction of the cost. Our experience with Sphere has been exceptional.

Lee Ebreo

VP of Engineering at Credit Ninja

These things would not have been achievable if we did not build our own in-house system and if we did not partner with Sphere to help us achieve our goals.

Selah Ben-Haim

VP of Engineering at Prominence Advisors