Kobetron acquires Gaming Informatics, LLC

(PRESS RELEASE) -- Kobetron is pleased to announce the acquisition of assets of Gaming Informatics (GI), which includes the IRIS software suite. The Gaming Informatics software suite allows casinos and regulators to track the inventory of electronic gaming equipment throughout the casino property, whether the equipment is on the floor or offline. This transaction combines Kobetron, the leading specialized gaming verification tools company, with GI, the leading enterprise-resource planning software company.

As part of the transaction, it was announced that Grant Stousland, President and CEO of Gaming Informatics, will remain in a strategic leadership and business development role with Kobetron overseeing the ongoing sales, support and product development of the GI line of products.

Stousland said, "This transaction solidifies the future of IRIS, placing it into the hands of a company that can continue to support and develop the product beyond today." Kobetron, which recently debuted Verify+ by Kobetron, the leading multipurpose signature tool in the gaming industry announced that it will provide IRIS, the industry-leading ERP system with respect to the managing of the regulatory needs of the casino floor, with expanded capital and resources to provide scale throughout the casino industry.

"In addition to the acquisition of GI's technology and tools, I am pleased to welcome Grant, a highly respected gaming industry veteran, to the Kobetron team. We are equally passionate and committed to supporting all those who have purchased or will purchase the GI software and tools going forward," said Founder Greg Kobe.

For over 10 years IRIS has been a strong brand in the industry and is synonymous with quality industry specific technology that delivers state of the art enterprise asset tracking solutions for casino operators and regulators. IRIS customers are some of the largest and most well-respected casino operations and gaming regulators in the world. These customers know that in order to be best-in-class, best-in-class technology and tools are required.

With the acquisition of Gaming Informatics, Kobetron continues to fulfill its mission to develop and acquire important industry-specific technologies that have a strong value proposition for the gaming industry. The combination of Kobetron and Gaming Informatics technologies will have a synergistic impact on enhancing casino floor operations compliance. In addition, the integration of product line offerings will further support the objective of achieving the highest level of integrity for the gaming industry.