Smart&Applied, which has worked closely with Stakelogic for the last three years, will rebrand to Stakelogic Serbia as part of the deal and relocate to a new office in Belgrade.
Stakelogic, who appointed a new chief commercial officer back in April, see the agreement as a way to further enhance its in-house game development capacity.
Stakelogic chief executive Stephan van den Oetelaar said: “The acquisition of Smart&Applied really strengthens our in-house development capacity and will allow us to continue to grow at pace while delivering new content to the market on a regular basis.
“Personally, I am really excited that Igor will be managing Stakelogic Serbia. We have become great friends over the years and his knowledge and experience is second to none. This really was a natural acquisition for us and one that I believe will deliver tremendous results over the coming years.”
Stakelogic Serbia general manager Igor Marinkovic added: “I am thrilled to become part of one of the fastest-growing game suppliers in the industry and to play my part in ensuring the business continues its rapid rise over the coming months and years.
“The relationship between Smart&Applied and Stakelogic has become incredibly strong as we have been working hand in hand on a daily basis for many years. An acquisition was the next obvious step, and I am pleased my team can continue to focus on game development under the Stakelogic name.”