Fantasy sports software provider Scout Gaming Group has named Terje Bolstad as group chief operating officer as it prepares for a period of significant expansion.
Bolstad is described as having experience of leading modern technology-driven businesses, most recently serving as a regional manager for Norwegian recruiter Experis. He previously served as sales manager for IT consultancy Umoe Consulting, having also worked for Logica, the tech giant acquired by CGI Group in 2012.
“We are pleased to welcome Terje Bolstad to Scout Gaming,” Scout chief executive Andreas Ternström said.
Ternström explained that the supplier was currently going through an intense period of growth, rolling out new clients and products. Bolstad would help the business ensure its processes and business structure would allow it to meet demand from existing and new customers.
“I’m impressed how Scout Gaming in a very short time frame, has taken a landgrab of a new market,” Bolstad said of his new employer.
“Growing the market within media and the global betting industry with latest technology, demands us to be productive, innovative and meeting customer demands,” he continued. “Our focus in upcoming years will be to strengthen the position we already have, serving the market new products to attract more end-users.”
Last week Scout reported a 127.5% year-on-year increase in revenue for the three months ended 30 September, with its net loss reduced to SEK9.5m. At the time Ternström said that profitability was likely to improve as the company’s focus shifted from signing up new clients to launching its products with these customers.
