INSUBCONTINENT EXCLUSIVE:
If you&re into livestreaming video games, you&ve probably heard of Streamlabs
They make a popular, free software tool for overlaying content on top of whatever game you&re playing, allowing streamers to pop everything
from sponsorship logos to donation alerts on top of their video.
Logitech has acquired the company for roughly $89M, plus $29M in bonus
payments if the team can hit &significant revenue growth targets&.
Streamlabs says that they have about 1.6M streamers using their tool
each month, with 161 million hours streamed through it since it launched in beta in January of 2018
They also have a mobile streaming app, which the company says has around 480k users.
The acquisition makes a good amount of sense
Logitech has been pushing into the space for some time now, with purpose built hardware for gamers and streamers (like, say, webcams that
auto-remove everything behind you for a greenscreen-style overlay effect.) Now they&ve got the software to push people to after their
hardware is all setup, and it already a proven solution.
In a post announcing the acquisition, Streamlabs founder Ali Moiz says that their
tools will remain free, and they&ll continue to support any platform they already support today (so Windows, Android, and iOS.)
