VizExplorer, a provider of business intelligence to casinos, has announced a strategic investment from Dry Line Partners (DLP). With this purchase agreement, DLP, a private equity firm, has acquired all the assets of VizExplorer's parent company – VizExp.
VizExplorer provides crucial technology to hundreds of properties in the US and abroad that generate an annual revenue of $10bn. Its services include advanced solutions for visualizations, reporting and recommendations.
These services are intended to improve the decision-making of casino operators and enhance profitability in the fields of the gaming floor, player development and marketing.
DLP is a relatively new company, formed in 2020 by Bret Piatt, Michael Girdley and Matt Morris, and is based in Austin and San Antonio, Texas. It has set out to acquire and operate leaders in the recurring revenue technology sector. VizExp marks the company’s second platform investment.
VizExplorer President and CEO David Patent commented: “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. DLP will help facilitate continued innovation and investment in the critical strategic areas of the business."
DLP Partner and Founder Matt Morris reflected Patent’s enthusiasm regarding this strategic investment. He said: “We are excited to partner with the industry veterans at VizExplorer to further expand their dominant market position in casino gaming software. Our investor base is comprised of leading technology entrepreneurs/operators, multi-generational family offices and some of the brightest minds from global investment firms."
