Gaming technology provider OpenBet has renewed its contract with online gaming operator Sky Betting and Gaming for an additional five years.

The new deal extends the relationship between the two companies which began in 2001, and will see OpenBet continue to provide Sky Betting & Gaming with its online and mobile sports betting platform.

Commenting on the agreement, Sky Betting & Gaming chief executive Richard Flint said: “OpenBet has been an integral component of our business since day one.

“Against ever-changing regulatory frameworks and fast-moving technological developments they continue to deliver. The OpenBet platform gives us the flexibility to create a first class sports book that fits our brand and our players’ needs.”

Jeremy Thompson-Hill, chief executive of OpenBet, added: “The fact that Sky Betting & Gaming has renewed for an additional five years is a statement of their firm commitment to OpenBet. The deal reflects both the confidence Sky Betting & Gaming have in our ability to support their growth and the outstanding relationship maintained by all of those working on their development team.”

Sky Betting and Gaming was formed in 2001 and has grown to become a leading operator in the UK online market, boosted by its strong partnership with the Sky Sports channels.

The business was sold by satellite broadcaster Sky in December 2014 to private equity firm CVC Capital Partners in a transaction valued at £800m.