Core Insights - Lottery.com has entered into a Memorandum of Understanding with PlusEVO Ltd. to acquire an advanced lottery management system and gaming platform, enhancing its international expansion efforts [1][2] - The acquisition is part of the company's strategy to launch and generate revenue from international operations by March 31, 2025, allowing for greater operational efficiencies and long-term value creation [2][3] - The all-stock purchase price for the acquisition is set at $1.5 million, payable over 30 months, with a share value of $3 [2] Company Strategy - The acquisition allows Lottery.com to own its proprietary technology stack, eliminating reliance on third-party licensing agreements and enabling full control over its technical roadmap [2][3] - This strategic move is expected to accelerate the company's expansion into Europe, Africa, and other emerging markets, enhancing customer experience and innovation [3][6] Technology Benefits - The newly acquired platform is built on a microservices architecture, ensuring high availability and seamless scalability, optimizing resource utilization for international markets [4] - Event-driven workflows powered by Kafka logic improve system responsiveness and reduce latency, while enhanced security protocols safeguard data integrity and privacy [5] - The technology stack's diversity allows for the selection of the most suitable technology for each function, fostering innovation and optimizing performance [5]
Lottery.com Strengthens Its International Expansion With Technology Acquisition