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EveryMatrix Press Releases

David Schjelde rejoins EveryMatrix as its CFO

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David Schjelde rejoins EveryMatrix as its CFO
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EveryMatrix is pleased to announce the recent appointment of David Schjelde as its new Chief Financial Officer. With over 20 years of experience in financial management, David will provide leadership while optimizing the financial performance of the company’s rapidly evolving business units, including its flagship product CasinoEngine.

 

David Schjelde met EveryMatrix’s CEO Ebbe Groes in 2000 while working in Kapow Technologies and after continuing his professional journey in high-profile financial and software companies in Denmark, David boarded in 2007 in BetBrain and in the early days of EveryMatrix. He is now rejoining the company as its new CFO and will work along with his teams from the Bucharest office.

Ebbe Groes, EveryMatrix CEO said: “Further expanding our top management team is key for us since the business continues to grow year after year. Bringing David on board is an important step as he is a highly knowledgeable and appreciated expert. His practical and resourceful approach proved to be invaluable in the past and I am certain his vast expertise in both financial management and law will help us improve our operations and better identify potential opportunities in the iGaming sector. With the massive volumes of casino transactions from the largest operators in Norway and Germany, financial accuracy is more important than ever!”

David Schjelde commented: “I was delighted to see how the company expanded over the years and it gives me great satisfaction to be here. Leading the financial operations will be challenging for sure, especially since the casino business more than doubled in the last year. I have no doubts working with Ebbe and the team will be a fruitful and excellent experience as I already know from our past encounters.”

 

About EveryMatrix:
EveryMatrix delivers a modular and API driven product suite including a market leading one-stop shop casino content aggregator and integration platform, a cross-product bonusing engine, a fully managed sportsbook and sport data services, a stand-alone payment processing product, and a multi-brand affiliate/agent management system.
To offer the services required by operators, the EveryMatrix products work together as an entire platform or independently and can be easily integrated with existing platforms to accommodate different types of clients from bookmakers to lotteries and, from existing large operations to newcomers. Learn more at www.everymatrix.com.

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EveryMatrix Press Releases

EveryMatrix named Aggregator of the Year at CasinoBeats Game Developer Awards 2024

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EveryMatrix wins Aggregator of the Year 2024
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EveryMatrix is thrilled to announce it has won Aggregator of the Year at this year’s CasinoBeats Developer Awards for its cutting-edge Gaming Aggregation Tool, SlotMatrix.

The judges found that SlotMatrix demonstrated exceptional performance in gaming aggregation, offering unparalleled access to the industry’s largest games library, providing operators with powerful promotional and gamification tools to enhance players’ gaming experiences.

In addition to winning Aggregator of the Year, EveryMatrix secured second place in the Platform Innovation of the Year category for its BonusEngine Boosters suite of products that have both redefined the player experience and how operators generate additional revenue in highly competitive and often highly complex regulated markets.

The industry impact has been significant. Customer results benchmarking games with and without BonusEngine Boosters jackpots show that players who play games WITH an additional jackpot layer increase bet amounts by an average of 50%, rounds per session increase by 50% and average game session length rises by 11%.

This recognition highlights the company’s ongoing commitment to iGaming innovation and excellence, reflecting EveryMatrix’s ability to adapt and lead with state-of-the-art platform solutions.

Supremeland Gaming’s Powderkeg studios, a SlotMatrix Exclusive RGS partner, also won Slot Debut of the Year for its explosive title, Munition Mine.

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EveryMatrix Press Releases

EveryMatrix promotes Mihnea Dobre to Chief Technology Officer

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EveryMatrix promotes Mihnea Dobre to Chief Technology Officer
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EveryMatrix has appointed Mihnea Dobre as its new Group Chief Technology Officer.

With his extensive experience and expertise Mihnea will spearhead the company’s technology strategy and operations, based in Bucharest.

Previously EveryMatrix’s Head of IT Governance, Mihnea has been a pivotal figure within the leadership team.

He has been part of EveryMatrix for almost a decade, joining the company as Head of Incident Management with a team of just four. One year after joining, he formed the Technical Support and IT Governance teams, significantly improving the release management and change management processes.

In his new position, he will lead EveryMatrix’ technical development, provide technical direction and support the company’s business unit CTOs in achieving their objectives.

Ebbe Groes, CEO of EveryMatrix, said: “Working alongside Mihnea for the past eight years has been a pleasure from day one. His appointment as Group CTO is a logical progression, as the company thrives amidst exponential growth, boasting a workforce of more than 1,000 employees.

“His expertise will ensure the seamless management of operations, crucial in upholding the high service standards our customers demand.”

Mihnea Dobre, Group CTO, EveryMatrix, said: “Stepping into the role of CTO has me buzzing with excitement. This is not about the job title; it’s about diving into a world where tech meets real change.

“Taking on this role was a no-brainer – I jumped at the chance to make a difference with creativity and fresh thinking and am genuinely thankful for the trust given to me. I can’t wait to roll up my sleeves with the team, crafting the future one step at a time.”

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EveryMatrix Press Releases

EveryMatrix hits 16-year quarterly high

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EveryMatrix hits 16-year quarterly high
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EveryMatrix has smashed its historical quarterly high with continued strong revenue growth and profitability hitting a new record. 

Announcing Q1 2024 results, the industry’s fastest growing iGaming technology provider had quarterly net revenue of €39 million across all products, growth of 66% Year-on-Year (YoY), while also setting a quarterly profit margin record of 57% – its fourth consecutive quarter with both growth and profit margin above 50%. 

Q1 2024 EBITDA rose to €22.3m, up 111% YoY. 

The record quarter comes just three months after EveryMatrix registered the strongest financial results in its history. 

STARTING THE YEAR IN STYLE 

The EveryMatrix financial year is underway in style, driven by large value client signings, multiple new client launches across all the company’s core business units, strong sports trading and innovation and continued growth in casino. 

EveryMatrix was among the first wave of iGaming technology providers to gain regulatory accreditation in Peru, while it made further progress in the US launching its first casino aggregation partner with third-party content live on DraftKings in New Jersey. 

The tier-1 supplier also hit a significant post-period milestone reaching 1,000 employees across 13 global locations, with its largest purpose-built office opening its doors to 450 personnel in Bucharest, Romania and a new office launched in Cebu, Philippines, dedicated to focusing on DeepCI data products. 

CASINO AND SPORTS CONTINUE TO SHINE 

EveryMatrix quarterly Gross Gaming Revenue (GGR) performance for operator partners within the Casino segment generated a record quarterly performance of €619m in Q1 2024, up 65% YoY with GGR for the last 12 months at €2.1 billion, a 78% YoY increase. 

Quarterly casino net revenue rose to €19.9m, up 83% YoY while EBITDA reached €13.2m reflecting a 132% YoY increase. The SlotMatrix aggregation product introduced 886 new games. 

The OddsMatrix sports division saw turnover rise 31% YoY to €1.3bn, with GGR climbing 308% YoY to €96m. Net revenue for Q1 2024 reached €10.5m, up 78% YoY, while EBITDA hit €6.2m, reflecting a 313% increase. 

OddsMatrix covered a record 173k live events in a single month. The average monthly number of bets placed reached 39m. 

Platform saw quarterly net revenue reach €7.3m, up 28% YoY, with EBITDA at €3.2m, up 13% YoY. The EveryMatrix Player Account Management (PAM) system hit a massive new record of 230k bets per minute at peak times. 

The Affiliate Platform division, including PartnerMatrix and DeepCIsaw net revenue grow to €1.4m during the quarter, up 39% YoY, with EBITDA down €0.4m due to continued product and commercial investment. DeepCI added 22 further geos to its offering and signed 14 new clients, while PartnerMatrix signed 15. 

Ebbe Groes, Group CEO of EveryMatrix, said: “It’s been more than a year of the company breaking records and hitting new highs, and this quarter has been the best yet. 

“It’s mind-blowing how far we’ve come and how much progress continues to be made across the entire business. From casino, sports and platform that are all showing extremely positive signs of sustained growth and expansion, to our affiliate, payments and live casino divisions that are pushing the boundaries of technology and paving the way for future success, we’re in a fantastic position for the remainder of 2024 and beyond. 

“Watch this space as there is plenty more to come from EveryMatrix this year!”

Q1 2024 HIGHLIGHTS 

  • Among first wave of B2B technology providers to gain regulatory accreditation in Peru 
  • Signed a turnkey customer estimated to deliver more than €3m annual net revenue 
  • Live on DraftKings in New Jersey with first US casino content aggregation partner – Supremeland Gaming Inc 
  • Launched game content with Entain (BetMGM), Golden Nugget Online Gaming and DraftKings 
  • 886 new games on SlotMatrix aggregation platform bringing total to 27,825+ games 
  • Integrated seven new casino vendors bringing total to 158 
  • In-house games studio Armadillo Studios launched several games including Alice’s Mad Fortune, Shamrock Surprise, Gummy Galaxy and Paws & Claws 
  • Released 30+ new betting types across multiple sports 
  • Signed 15 and 14 new PartnerMatrix and DeepCI clients respectively 
  • Increased total company headcount post-period to 1,000+ including opening an office in Cebu, Philippines focusing on DeepCI products 
  • Four new senior hires in Q1 including CEO MoneyMatrix, CEO PlayMatrix, CCO PlayMatrix, CCO PartnerMatrix 
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