Last updated: September 25, 2024
Evolution has obtained a B2B Software Supplier License from the Isle of Man, solidifying its global presence. The license allows the company to operate in new jurisdictions, supported by consultancy SolutionsHub. This strategic move enhances Evolution’s growth trajectory, further strengthened by its recent acquisition of Arcadia Solutions, a live casino game developer.
Evolution has obtained its B2B Software Supplier License in the Isle of Man as a crucial step in the international market. This means that the new license will also allow the company to expand its range of products and deepen its penetration of markets it is already in.
Evolution has become the latest company to be granted a supplier license in the Isle of Man. To ensure the effective acquisition of this essential business permit, Evolution teamed up with SolutionsHub, a consulting firm specializing in the gaming industry, to manage the complex licensing regime.
According to James O’Kelley, the Head of Operations at SolutionsHub, the Isle of Man is slowly emerging as the favorite spot for industry suppliers looking to obtain licenses. This has made many parties develop an interest in the jurisdiction due to its ability to attract some of the high-end companies such as Evolution. The focus was on the regulation of such businesses, and regarding SolutionsHub and companies such as Evolution, O’Kelly noted that crucial work is done on how to pass all the necessary steps to get such licenses.
The license acquisition accredits Evolution’s business approach to penetrate the international market, which goes well with the Isle of Man’s eGaming jurisdiction, which has well-organized regulations accompanied by networks worldwide for eGaming enthusiasts.
Evolution has taken a major leap forward in its international growth by being awarded a new Isle of Man Business to Business Software Supplier Licence. The license, issued by Digital Isle of Man and Isle of Man Gambling Supervision Commission, is a big step in the company’s evolution because it would allow the firm to expand its operations to new jurisdictions while consolidating its presence in the existing markets.
Tara Leneghan, the Strategic Partnership Manager at Digital Isle of Man, stated that she is delighted with Evolution’s new license. She said they were glad to have assisted Evolution in entering the Isle of Man’s eGaming industry together with SolutionsHub.
Leneghan highlighted that attracting a company of Evolution’s caliber demonstrates the benefits of licensing in the Isle of Man and congratulated the Evolution Group.
The Isle of Man is continuously updating its regulatory framework to meet global safety and responsibility standards, aiming to elevate the level of operators and suppliers under its jurisdiction. The island’s reputation as a favorable licensing hub is growing due to its streamlined and efficient regulatory process, drawing top-tier companies like Evolution.
The licensing process is known to be rigorous, requiring operators to meet high standards. SolutionsHub, a critical consultancy in the gaming industry, played a crucial role in assisting Evolution with complex regulatory requirements and ensuring a smooth application process.
Evolution’s growth strategy continues to gain momentum. Alongside the Isle of Man license, the company recently acquired Arcadia Solutions, a developer specializing in live casino arcade games. This acquisition will further expand Evolution’s portfolio, adding to its innovative studios and software offerings network.
