Gaming Laboratories International (GLI) has forged a significant partnership with global investment powerhouse CVC, marking GLI’s inaugural collaboration with an external investor. Through its Strategic Opportunities investment platform, CVC has made a substantial investment in GLI and associated entities, the companies announced on Monday.
As per the announcement, this alliance is designed to facilitate GLI’s ongoing expansion and sustainable development, while maintaining the organization’s culture and its critical role in providing testing, certification, and professional services within the international gaming sphere. The financial backing is anticipated to furnish additional resources and expertise, enhancing GLI’s capabilities and future growth opportunities.
James Maida, Chief Executive Officer of GLI, expressed: “We are elated and privileged to welcome CVC as our strategic investment collaborator. CVC aligns with our vision, values, and long-term goals for the global gaming arena. This collaboration opens new pathways for growth and innovation, empowering GLI to invest further in the advancements of the global gaming industry as well as in related sectors.”
“Our leadership, values, and customer service-oriented culture will remain intact. I will continue as CEO, and our executive team will stay the same. Together, we will maintain our concentration on quality, efficiency, and customer satisfaction while driving innovation and exceptional service on a global scale.”
GLI is a worldwide enterprise with over 1,500 employees serving more than 710 regulated gaming jurisdictions around the globe. Established in 1989 by James Maida and Paul Magno, GLI is based in Lakewood, New Jersey, USA.
Matt Turner, Partner at CVC and GLI Board Member, remarked: “Within CVC Strategic Opportunities, we focus on partnering with exceptional companies that have a proven track record of success, robust market presence, and considerable long-term growth potential. GLI is a perfect fit, as James and Paul have developed GLI into a leading entity in its sector over nearly four decades.”
“The organization plays a pivotal role in the global regulated gaming ecosystem and has established a reputation as a reliable ally for regulators, operators, and suppliers worldwide. This positions GLI exceptionally well for ongoing growth, and we look forward to collaborating with James and the talented GLI team to support the company’s success in the future.”