The parent company of iGaming solutions giant Microgaming has rebranded as Apricot Investments, with chief executive Roger Raatgever moving into a new role as executive chairman and CFO John Coleman stepping up as his replacement.

The company formerly known as Microgaming Software Systems will continue to manage a variety of public and private assets in the iGaming sector, including its software supply business.

Under the Apricot Investments brand, it will also pursue what it describes as "wider interests in the interactive gambling and gaming industry" under Raatgever's stewardship.

As a result of Raatgever's move to the executive chairman role, chief financial officer John Coleman will take charge of the iGaming supply business as the new chief executive of Microgaming.

Coleman has served as Microgaming CFO since August 2004 and has played a central role in company operations in recent years.

"I am honoured to be leading Microgaming," Coleman said of his new role. "This is a momentous time for the business, as we face exciting new opportunities in the years ahead."