Kambi and Kindred have announced a three-year extension of their sports betting partnership, signing a new agreement through the end of 2026. The companies maintain a good relationship and have been partners since 2014.
In addition, Kambi’s financial performance allowed for the specific conditions necessary to make a prepayment – at its sole discretion – of a previously issued convertible bond to a wholly-owned subsidiary of Kindred.
Kambi CEO and Co-Founder Kristian Nylén says: “Kambi and Kindred continue to enjoy a fantastic relationship and this contract extension, which sees the company commit to providing Kindred with our modularized technology and services by 2026. , allows this form of symbiotic partnership to further develop and better support the evolving strategies of both companies”.
“The financial security and change in control protection afforded by this new agreement, as well as the control we gained over a convertible security, put our brand in a strong position as we enter our next chapter of global growth and take a significant step forward. to become the key enabler for visionary operators in regulated markets around the world,” adds Nylén.
The agreement provides Kambi with a revenue base guarantee, while Kindred will be guaranteed Kambi’s technology and services.
Henrik Tjärnström, CEO of Kindred, commented: “I am delighted that we have secured an ongoing collaboration with our long-term partner Kambi to provide us with high quality technology and business services for the next five years.”
“This agreement is an important element in our long-term strategy to transform Kindred into a product-driven company with an unwavering dedication to the customer experience, and we are excited to continue to work closely with Kambi to develop the partnership.” .
