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Dublin’s Banach scooped up by Australian bookmaker in $43m deal
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The start-up, which develops software for the sports gambling industry, has been purchased by PointsBet. Co-founder Mark Hughes will become COO of the Australian bookmaker.
Banach Technology, a betting software start-up, has been acquired by an Australian bookmaker for $43m as part of its plans to push deeper into the US market.
The Dublin-based start-up, which was founded by a group of former Paddy Power staffers, develops under-the-bonnet software for betting companies. It is used to generate personalised features for customers, such as in-play bets. ....

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