Following its acquisition of Diwip, Imperus Technologies is set to acquire social gaming company Akamon to boost its presence in Latin America.

Imperus announced Tuesday that it has signed a binding option agreement to acquire Akamon Entertainment Millennium for $25.6m in cash and stock.

Akamon has received $600,000 cash as a non-refundable deposit with an additional $22.2m cash payable on the closing date October 22. The remaining $2.2m shall be paid in Imperus securities to certain Akamon shareholders after the closing date.

According to Imperus, the acquisition will make the company a top-tier operator in the social casino sector, with forecasted 2016 revenue of between CAD70 million to CAD75 million and adjusted EBITDA of between CAD25 million to CAD30 million.