Unity will acquire streaming tech firm Parsec for $320M

All the sessions from Transform 2021 are available on-demand now. Watch now.


Unity announced today that it has entered into an agreement to acquire Parsec, which develops software for remote desktop access and streaming. The deal is for about $320 million in cash.

Parsec became a useful tool for game developers during the pandemic, as it allowed many to access work computers from home. Companies like Ubisoft and Sega also used the tech to give journalists and streamers (like me) remote demos of games.

Unity is behind the popular game engine of the same name. It doesn’t take much imagination to realize how Parsec’s tech could be useful to Unity.

“This transaction is an important step toward Parsec’s and Unity’s expanded cloud vision: that creators should expect to be able to work from any location, on any device through rich and powerful tools and seamless cloud infrastructure to deliver the real-time 3D experiences of the future,” Unity notes in its announcement of the deal.

Webinar

Three top investment pros open up about what it takes to get your video game funded.

Watch On Demand

Unity expects the acquisition to become final during its third quarter. Unity went public in 2020, and has since been ramping up acquisitions, including the multiplayer network framework MLAPI, the computer vision and deep learning company RestAR, and 3D data optimization technology developer Pixyz Software.

GamesBeat

GamesBeat’s creed when covering the game industry is “where passion meets business.” What does this mean? We want to tell you how the news matters to you — not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. How will you do that? Membership includes access to:

  • Newsletters, such as DeanBeat
  • The wonderful, educational, and fun speakers at our events
  • Networking opportunities
  • Special members-only interviews, chats, and “open office” events with GamesBeat staff
  • Chatting with community members, GamesBeat staff, and other guests in our Discord
  • And maybe even a fun prize or two
  • Introductions to like-minded parties

Become a member

Source

Leave a Comment