The founder of mobile and web development company Degree 53 has announced the launch of new gambling technology business Sharp Gaming.

The platform is designed to provide a full suite of operational services for sports betting and gaming businesses worldwide.

Andrew Daniels will take the role as the Chief Executive Officer at Sharp Gaming, stepping away from the day-to-day running of Degree 53 while remaining a director and shareholder.

Daniels has appointed Richard Wagstaff as Managing Director at Degree 53, who has been supporting the team as Operations Director for the past four years.

The official launch of Sharp Gaming means that it will begin operating as a separate business, moving its employees over from Degree 53, including some of the directors. Both businesses will continue to operate from the same office and will work together across common projects.

Daniels received over £25m investment from the UK leading bookmaker owner Fred Done to create the new firm.

The business stems from Degree 53 which in 2017 created a gaming division.

The new company has employed over 100 technology experts to support the large scale of work necessary to build the platform.

Sharp Gaming continues to develop the technology suite and is currently trialling its capabilities on a test product. Once fully operational, it will offer functionality to create digital and retail products and integrate third-party services.

Daniels said: “The online gambling industry works on various legacy technology and white label platforms that lack flexibility for operators when they’re ready to scale up.

“This is why I created Sharp Gaming to help leading brands to improve their processes, and provide products that not only offer a great experience to their customers, but the end users in the business too.”

Richard Wagstaff, Managing Director at Degree 53 added: “I am delighted to be stepping up to lead Degree 53. We have a talented team who are delivering amazing work for our clients.

“Our reputation for delivering complex, secure digital solutions in a way that delights end users has enabled us to produce high-quality work across a range of sectors. My focus will be on growing our reach, strengthening client relationships, and helping to improve their products and services through our expertise.”