Stakelogic has acquired Serbia-based software developer Smart&Applied DOO in order to further enhance and grow its in-house game development capacity.
Smart&Applied was founded by Igor Marinkovic as a game development studio. The company has been working with Stakelogic for the past three years, making it the ideal acquisition target for the fast-growing slot developer.
Following the acquisition, Smart&Applied will be rebranded to Stakelogic Serbia with Marinkovic appointed as General Manager of the division. The company will also move into a new, state-of-the-art office in the centre of Belgrade later this year.
Stephan van den Oetelaar, CEO of Stakelogic, said: “The acquisition of Smart&Applied really strengthens our in-house development capacity and will allow us to continue to grow at pace while delivering new content to the market on a regular basis.
“Personally, I am really excited that Igor will be managing Stakelogic Serbia. We have become great friends over the years and his knowledge and experience is second to none. This really was a natural acquisition for us and one that I believe will deliver tremendous results over the coming years.”
Igor Marinkovic, General Manager of Stakelogic Serbia, said: “I am thrilled to become part of one of the fastest-growing game suppliers in the industry and to play my part in ensuring the business continues its rapid rise over the coming months and years.
“The relationship between Smart&Applied and Stakelogic has become incredibly strong as we have been working hand in hand on a daily basis for many years. An acquisition was the next obvious step, and I am pleased my team can continue to focus on game development under the Stakelogic name.”