Despite having been around for a while now, esports is still a growing market that is expected to net $1.8 billion in revenue by 2025. With several teams and companies competing for market dominance, businesses in this industry are looking for opportunities to grow. One such company is Frisco-based OpTic Gaming and it acquired Dallas-based software firm Botisimo this week to further its reach.
Founded in 2018, Botisimo is a software company that develops engagement tools, like chatbots, for video game streaming platforms. Botisimo’s tools work on various streaming platforms such as Twitch, YouTube and Facebook and help creators communicate with fans online. Botisimo also helps creators and teams monetize their livestreams.
“Investing in the tools, content and new technologies that help creators and teams deliver a better experience to viewers on stream is core to our efforts to grow communities around gaming,” Adam Rymer, CEO of OpTic Gaming, told NTX Inno.
Prior to acquiring Botisimo, OpTic Gaming invested in the company.
With the acquisition, Botisimo CEO Oscar Armstrong will join OpTic Gaming as executive VP of technology.
“We’re thrilled to be a part of a diverse and unique organization ... and can’t wait to build new ways to engage with esports fans all over the world,” Botisimo wrote on LinkedIn. “With our tech and OpTic’s knowledge of the esports and content space, we’ll be rolling out some of the most value-driven tools that esports fans and content creators have ever seen.”
The terms of the acquisition were not made public.
With its latest acquisition, OpTic Gaming continues its hot streak in the esports industry. Last year it merged with rival team Envy Gaming in order to create more opportunities for its professional esports players.