VizExplorer has secured an undisclosed strategic investment from Dry Line Partners it is hoped will “facilitate continued innovation and investment in the critical strategic areas of the business”.
This has seen San Antonio, Texas-based private equity firm purchase all of the assets of VizExplorer’s parent company, VizExp.
DLP was formed in late 2020 by Bret Piatt, Michael Girdley and Matt Morris to acquire and operate recurring revenue technology companies, with VizExplorer representing a second platform investment.
“We are excited to partner with the industry veterans at VizExplorer to further expand their dominant market position in casino gaming software,” commented Morris
“Our investor base is comprised of leading technology entrepreneurs/operators, multi-generational family offices and some of the brightest minds from global investment firms.
“We all recognise that VizExplorer provides a compelling value proposition to customers and has numerous avenues for growth.
“We seek to expand VizExplorer’s competitive moat to build a business that will last forever.”
VizExplorer, a supplier of business intelligence to the casino gaming industry, provides technology to hundreds of properties in the US and abroad that it is said generates over $10bn in annual revenue.
The group’s solutions provide visualisations, reporting and recommendations for operators to make more informed decisions in a bid to enhance profitability across the gaming floor, player development and marketing.
“We are thrilled to have DLP as our new financial partner. We have been working with the DLP team for several months and have found a great fit for our team and our business,” noted David Patent, VizExplorer President and CEO.
“DLP will help facilitate continued innovation and investment in the critical strategic areas of the business.”
