Spectra buys up fraud detection assets
Banknote authentication technology firm Spectra Systems said it had boosted its international customer base after buying assets from a gaming software firm.
Banknote authentication technology firm Spectra Systems said it had boosted its international customer base after buying assets from a gaming software firm.
The company has spent $0.75m on buying proprietary source codes, multi-year contracts and long-standing customer relationships from US-based Lapis Software Associates.
Spectra said Lapis was a leader in the gaming software industry and had a 15% worldwide market share of the Internal Control Systems (ICS) segment.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
ICS is a secure, high speed data platform which has an independent security role in auditing online and other gaming systems.
It provides tools for fraud detection, money laundering, match fixing, and statistical analysis.
"The acquisition of the Lapis ICS Business adds to the international customer list we acquired in the ICS area when we recently purchased the majority of ESI Integrity's assets," said Chief Executive Nabil Lawandy.
"With the acquisition of the Lapis ICS Business, Spectra will have over 30% market share in gaming applications of ICS and will be one of the two remaining major suppliers providing such security technology to lotteries worldwide," he added.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
RICS: homebuyers are returning after stamp duty shock
The housing market has been subdued since stamp duty thresholds dropped in April, but there are signs of a recovery
-
Reducing cash ISA limit will make lending difficult and expensive, warn providers
An open letter from the Building Societies Association has urged the chancellor to keep the cash ISA limit at £20,000. We look at whether a smaller cash ISA allowance will make it harder to get a mortgage or loan