The GLI Group, a U.S. technology company specializing in compliance and validation in the gaming and lottery industries, has bought Bulletproof Solutions Inc. of Fredericton for an undisclosed sum.
GLI, officially called Gaming Laboratories International, Inc., announced the deal in a press release on Tuesday. It said Bulletproof’s senior management team led by Steven Burns, Jeff Shaw and Andrew Jefferies will remain with the merged group. They will continue to grow the company in Atlantic Canada.
Launched in 2001, Bulletproof offers technology services to the public and commercial services and has a particularly strong clientele in Atlantic Canada.
“This is the ideal scenario for Bulletproof to take it to the next level,” said Burns in the statement. “We’ve done a good job growing our company to over 80 people in Atlantic Canada. We have a strong foundation of great processes and especially excellent people. GLI Group immediately saw the awesome potential we have to become more and wants to nurture that potential into growth and success for Bulletproof.”
GLI Group, which is based in Lakewood, N.J., plans to leverage Bulletproof’s IT services capabilities throughout Canada and the U.S. In addition to its core public and commercial sector markets sectors, Bulletproof’s services will be available immediately to GLI’s main market of gaming, lotteries and voting machine-related companies.
“GLI is committed to jobs and growth in the Maritimes,” said James Maida, the principal owner of GLI. “Given [New Brunswick’s] recent announcement on the development of their cybersecurity strategy, we see great potential in being part of the implementation and growth opportunity by investing in existing infrastructure and competencies in the region. We find great synergies investing our capital there.”
The GLI Group was originally founded as the world’s first private gaming test laboratory in 1989. It has continuously delivered quality compliance testing and professional services to regulators, operators and suppliers in the gaming, lottery, and I-gaming industry.
