Norbert Teufelberger, the former chief executive of bwin.party, has been appointed a special advisor to FastForward Innovations to help the company identify new investment opportunities in the technology and gaming sectors.
Teufelberger is credited with introducing FastForward to Leap Gaming, a virtual and 3D games specialist in which FastForward acquired a 29.4 per cent stake earlier this week.
“Norbert's experience in building one of the most successful global online gaming companies is a serious advantage for FastForward,” chief executive Lorne Abony commented. “Norbert has a deep set of relationships across a multitude of technology sectors and a fantastic network; I am delighted that Norbert accepted our invitation to join as a special adviser.”
Teufelberger has almost 30 years’ experience in the technology and leisure industry, most recently serving as CEO of bwin.party digital entertainment before its acquisition by GVC Holdings.
In his career to date he has been involved in the acquisition and integration of numerous technology businesses, securing more than $1bn in equity and debt financing. At its peak, bwin had approximately 4,000 employees worldwide and a market capitalisation in excess of $3bn.
“I have been fortunate to have spent the past 30 years building and leading companies that push the envelope of technological innovation,” Teufelberger commented.
“I am excited to be actively involved in the further progress of FastForward, as it strives to identify and help develop early stage investment opportunities into successful businesses, disrupting the status quo and helping change the world as we know it today.”
Already a major shareholder in FastForward, Teufelberger has been granted 1,000,000 options over ordinary shares in the company on the same terms as the options granted to its directors.
Shares in FastForward Innovations Limited (AIM:FFWD) were trading up 1.24 per cent at 18.35 pence per share in London early Friday.