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IGT Proclaims Settlement to License Unique IP Rights for GALAXIS, SYSTEM2Go and Related Software program and {Hardware} to Modulus

LONDON, Dec. 18, 2020 /PRNewswire/ — Worldwide Recreation Expertise PLC (NYSE: IGT) in the present day introduced that its subsidiaries IGT Europe B.V., IGT Austria GmbH, and IGT Germany Gaming GmbH (“IGT”) have entered right into a strategic settlement to solely license the mental property for its GALAXIS™ and SYSTEM2Go™ on line casino central administration techniques (CMSs) to Modulus S.a.r.l. (“Modulus”).

The settlement, efficient Dec. 18, 2020, permits Modulus to commercialize and distribute GALAXIS and SYSTEM2Go and IGT’s current stock of associated legacy {hardware} to Modulus clients in all territories excluding North America. Modulus may even be capable of develop supply code for these merchandise, and can present ongoing upkeep companies to current GALAXIS and SYSTEM2Go clients.  

“Pushed by a long time of IGT’s confirmed on line casino techniques expertise, GALAXIS and SYSTEM2Go options have earned a robust repute as options that drive efficiencies on worldwide clients’ gaming flooring whereas elevating participant engagement,” stated Willy de Bruyn, President, Modulus. “GALAXIS’ vary of versatile modules combine effortlessly with SYSTEM2Go, an inexpensive and scalable CMS suited to single and multi-site gaming venues that doesn’t require a major IT infrastructure funding and in depth coaching to function. These options are a major strategic addition to our product portfolio, and SYSTEM2Go will proceed to be particularly transformational for smaller, cost-conscious worldwide operators.”

“Because the provider of the {industry}’s most superior techniques options, IGT has determined to solely license the IP of its profitable legacy GALAXIS and SYSTEM2Go options to Modulus to remove duplicative efforts and assets required for us to handle a number of units of CMS merchandise. It will optimize our concentrate on the event, deployment, and customer support actions for our modern IGT ADVANTAGE CMS and related merchandise, together with our industry-leading Resort Pockets™ and IGTPay™ cellular cashless options,” stated Mark MacCombie, IGT Vice President, Gross sales and Operations, EMEA. “IGT and Modulus have collaborated on a sturdy transition plan that can guarantee present GALAXIS and SYSTEM2Go clients proceed to seamlessly expertise the high-quality service, upkeep and help they’ve come to count on.”

The transaction is topic to customary closing situations, together with regulatory approvals.

About IGT
IGT (NYSE: IGT) is the worldwide chief in gaming. We ship entertaining and accountable gaming experiences for gamers throughout all channels and controlled segments, from Gaming Machines and Lotteries to Sports activities Betting and Digital. Leveraging a wealth of compelling content material, substantial funding in innovation, participant insights, operational experience, and modern expertise, our options ship unequalled gaming experiences that have interaction gamers and drive progress. We now have a well-established native presence and relationships with governments and regulators in additional than 100 international locations world wide, and create worth by adhering to the very best requirements of service, integrity, and accountability. IGT has roughly 11,000 workers. For extra info, please go to www.igt.com.

About Modulus
Modulus is a Luxembourg-based firm that can present clients with seamless help capabilities and customer support by leveraging in depth techniques expertise. Modulus is constantly in search of a brand new technology of On line casino Clever techniques designed to fulfill the {industry}’s present and rising expertise wants. Modulus is pushed by an skilled crew with sturdy expertise in French and worldwide markets.

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