Contact Center Solutions Featured Article

PacificNet, a vendor of gambling technology, Customer Relationship Management (CRM) and e-commerce in China, has announced that its Octavian International subsidiary has launched its gambling platform Rebel.

 

The Rebel platform is one of a number of new products which Octavian will be presenting at ICE, Earls Court, London, 22-24 January, 2008 booth 3230.

 

The Rebel gambling platform is a ready-to-connect computing engine for EGMs (Electronic Gambling Machines) which has been designed to meet all known regulatory requirements for use in networked casinos, AWP and other gambling applications. The Rebel platform comprises state-of-the-art components sourced by Octavian's OctaSupplies division, which will form the computing engine of Octavian's own Maverick 1000 flat-pack EGM.

 

In addition to being at the heart of Octavian's pre-assembled Maverick, Rebel will also be made available for new EGM manufacturing as well as an upgrade to existing compatible EGMs.

 

Octavian International was established in 2001 and has operations in the UK, Russia, Ukraine, Italy, Germany, Argentina, Colombia, India, Australia and USA. Octavian employs 224 staff worldwide.

 

Last month the CRM vendor announced completion of the acquisition of Octavian International, a worldwide supplier of gambling technology, products and systems.

 

Following the signing of an agreement with Octavian on December 7, due diligence was completed within four weeks and the acquisition was consummated January 15.

 

As part of the closing, PacificNet issued 2,330,000 restricted shares of PACT representing approximately 19.5 percent of PacificNet's outstanding shares. According to Octavian's financial reports as audited by Grant Thornton UK under UK GAAP, Octavian had revenue of approximately $64.6 million, gross profit of approximately $18.4 million, EBITDA of approximately $6.2 million, and pre-tax profit of approximately $5.5 million, for the fiscal year ending Dec 31, 2006.