Isle of Man software company Microgaming has reached a deal to sell off its Quickfire Platform to Startup company Games Global Limited. Included in the undisclosed deal is Microgaming’s world-ranking Progressive jackpot Network of games and creational studio partners.Former IGT CEO Walter Bugno and former CFO at Playtech Tim Mickley founded Global Gaming Limited in 2021, although no further details have been disclosed the assets affected are due to be finalised by the end of Q2 2022.
Once complete, Games Global Limited will become a market leader comprising of a portfolio of more than 3,000 titles, the addition of exclusive content partners, the progressive jackpot network, and of course the Quickfire aggregation platform.Pending the approval of the deal, the payment will be made in two halves, firstly the Microgaming Acquisition and secondly, the Studios Acquisition.On completion, Games Global will gain access to over 260 customers who operate more than 1,000 brands, and the existing 1,1000 Quickfire employees across Europe, North and South America, and Europe will continue in their current roles.
Microgaming has teamed up with many exclusive partners over the last few years creating a diverse portfolio of content from the likes of Stormcraft Studios, Gameburger Studios, TripleEdge, and All41 to name a few. Although the press release mentions 25 exclusive studios, the website refers to around 50 studios in more than 25 countries.Microgaming CEO John Coleman said, “This is an exciting deal that has been in the making for some time and which will provide new growth and opportunity for both Microgaming and Games Global. We are announcing it now to provide sufficient notice and clarity for our partners and stakeholders. Games Global will acquire the game IP and distribution business previously known as Quickfire, and Microgaming will continue to support its core traditional business while increasing its reach with the addition of new business and managed services.”