It has been announced today that Logitech will be acquiring Streamlabs a leader in the field of software and utilities allowing team streamers to engage with viewers grow their brand channels and monetise their broadcasts across platforms such as Twitch, YouTube, Mixer and Facebook. The acquisition of Streamlabs is costing Logitech $89 million in cash, with an additional payment of $29 million in Logitech stock subject to the achievement of significant revenue growth targets for Streamlabs.
Streamlabs was founded in 2014 and offers professional software and the largest set of features of any streaming software allowing streamers to grow their audiences, engage with fans, and monetise their streams. Ujesh Desai, general manager and vice president of Logitech G, commented: “We’ve been fans of Streamlabs and their software since we started partnering with them over two years ago. Their industry-leading software is complementary to our existing gaming portfolio, and we believe we can do even greater things together.”
Ali Moiz, Streamlabs’ chief executive officer, said: “Streamlabs and Logitech both share a strong passion for gaming and a dedication to serving the global community of gamers and streamers. Joining with Logitech allows us to keep doing what we love and be bolder than ever on a much bigger stage.”
“Stand out from others and look professional when you go live. We offer the largest library of free stream overlays. Show love to your followers and subscribers with stream alerts, chat bot, and a myriad of other tools for streaming on Twitch, YouTube, Mixer, and Facebook Live.”
Source: SLabsFiled Under: Technology News, Top News
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