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Cassava Enterprises\’ IPO by year-end

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As reported by Globes, Shai Ben Yitzhak, Random Logic\’s CEO and Cassava\’s founder, recently told employees that an initial public offering was likely before the end of the year, and that management had already launched the road show among investment houses.

Israel-based Random Logic is a subsisiary of Cassava Enterprises and the developer of the software used by Cassavas online gambling sites.