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InFocus Group signs $3.8m contract to build new VigoBet Tech social gaming platform

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By Imelda Cotton - 
InFocus Group ASX IFG GBO Assets wervice agreement
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Data intelligence and software solutions provider InFocus Group (ASX: IFG) has signed a $3.8 million (US$2.5m) contract with Seychelles-based GBO Assets for the delivery of a new digital and social gaming platform known as VigoBet Tech.

The 24-month multi-services agreement represents the company’s single largest contract to date and will be based on the completion of predetermined milestones and performance-related benchmarks.

The project will adopt an integrated service delivery approach between InFocus’ business units including Trienpont (software and platform development), InFocus Analytics (data analytics) and Prodigy9 (software engineering services).

Project phases

The project will consist of three distinct phases.

Phase 1 will comprise comprehensive scoping and planning over a three-month period to establish a strong foundation and will include stakeholder workshops, user interface and experience design and wireframing of a minimum viable product.

Phase 2 will focus on the development of the VigoBet Tech platform and the building of associated fintech and data analytics infrastructure, including an artificial intelligence-driven fraud and transaction analysis capability and Web3 integration.

Phase 3 will prioritise the platform’s deployment, ensuring seamless integration and functionality within GBO’s ecosystem.

InFocus expects to generate revenues of approximately $1.15m for Phases 1 and 3 and $1.5m for Phase 2.

Maintenance contract

Upon completion of the VigoBet Tech platform build and delivery, InFocus has proposed a long-term maintenance contract to provide ongoing support and software updates to GBO Assets.

The deal could potentially yield annual revenues of approximately $600,000 for InFocus.

It will be contingent on the market adoption of VigoBet Tech, as well as on-server demand and maintenance requirements.

New markets

InFocus chief executive officer Ken Tovich said the GBO contract reflected a mission to extend the company’s offerings to new markets.

“Big data and data analytics are fundamental components of digital gaming technologies and we believe our expertise in data analytics and software engineering places us in a prime position to deliver projects to this industry,” he said.

“This engagement further represents our push into new markets and new services as we broaden our horizons beyond retail data analytics while applying our core competencies in data analytics and business intelligence.”