Gaming Innovation Group Inks First Agreement For New GiG Enterprise Solution By CIOTechOutlook Team

Gaming Innovation Group Inks First Agreement For New GiG Enterprise Solution

CIOTechOutlook Team | Saturday, 01 April 2023, 03:13 IST

The popular Software as a Service (SaaS) licencing model is being complemented with a new Enterprise Solution, according to Gaming Innovation Group Inc. (GiG). The Enterprise Solution gives clients with technical development skills who want to alter, improve, or expand GiG's current application the technological and operational independence they need.

GiG's Enterprise Solution gives clients the flexibility and power to manage all aspects of the locally deployed platform independently, to change or add to the software, to improve the product development and integration roadmap, and to do so while still taking advantage of GiG's top-tier proprietary technology. As the demand for B2B solutions in the global online gambling industry continues to rise and change. Additionally, this provides GiG with a fresh business strategy to improve its present product line.

Customers who are able to manage their own technology stack will only be eligible to purchase the Enterprise Solution. The ongoing product innovation benefits GiG as well as its Business partners. GiG views this product as a potent and customised response to the industry's growing need for greater degrees of technological and roadmap flexibility, as well as for new sources of income for the company.

GiG has now inked the first licence contract for an established industry group for the Enterprise Solution. The arrangement is set up with a hefty set-up price for the licence and ongoing fees during the term. The predicted yearly contract value average for GiG's SaaS contracts is significantly higher than the present averages.

Richard Brown, CEO of GiG said: "We have long held the view that for some operators, who have the technical ability and experience, a model that would open up our platform and technology to them would create further collaborative improvement of the product and ultimately enhance the customer experience. We have seen increasing demand for operators to gain that flexibility, and with a recent development of our next generation platform, which has been developed with this structure in mind, we are able to offer this service in a controlled, supported and sustainable manner. Ultimately our new GiG Enterprise product provides a solution that many operators crave for and we do not think is being offered fully by the industry as of today."