Sportech has confirmed that it has signed a new multi-year licensing and services contract with UK Tote Group.
The extended partnership will assure Sportech’s continued delivery of pools betting technologies and services via its Quantum System, which underpins the Tote’s domestic pools betting.
The Quantum system will also allow the UK Tote to significantly deepen its pool volumes, featuring global racing content throughout its schedule.
Commenting on the agreement, Richard McGuire, Chief Executive Officer of Sportech, said: “As announced at our Interim Results in September, extending client relationships is a key strategic initiative to help drive incremental growth at Sportech and we are delighted to extend our relationship with the Tote and solidify our work with their progressive team.
“The Tote is setting incredible new standards of innovation in pools betting, both domestically and globally, and we will continue to provide the foundations on which they build.”
Earlier this year, the UK Tote explained that using Sportech’s Quantum System to enhance its commingling capabilities at an international level was a key focus for its ongoing product development.
The Quantum System is also the framework under which the Tote and its partners offer the international ‘Tote Superpools’ in coordination with the Hong Kong Jockey Club.
Mark Kemp, Managing Director of UK Tote Group, added: “Sportech continues to provide stable, large scale global technology and software services, supporting the product innovation and development for our UK and International Tote growth plans.
“We are pleased to be continuing our relationship with Sportech and look forward to their ongoing excellent support of our mission, to innovate and grow pool betting across the world.”