Daily fantasy sports operator FanDuel has moved to enhance its current service offering by striking a deal to acquire Scottish mobile development firm Kotikan.
Founded in 2007, Kotikan began working with FanDuel in 2013 and helped create the operator’s iOS and Android mobile applications.
News of the merger comes shortly after FanDuel announced that it had secured an additional $275 million (€350.6 million) in Series E financing to boost its total capital raised to $363 million.
Writing in a company blog, Kotikan chief executive Gavin Dutch said: “The closer we worked together, the more we wanted to contribute to FanDuel’s success.
“Eventually we realised the best way to do this was to devote the entire Kotikan team to crafting FanDuel products.
“The decision was not one to be made lightly – but the energy, values and culture at both FanDuel and Kotikan are so well aligned that the move feels natural.
“We all care about the same things and are excited to make products that are loved by millions.”
source : www.igaminbusiness.com