All-in-one platform, Overwolf has announced its acquisition of Tebex, a platform that allows creators to monetize private game servers. The acquisition cost Overwolf $29 million USD, which now supports the company’s overall mission to unite the in-game creator communities and empower them to make a living doing what they love doing.
With the acquisition, Overwolf now expands into a new creator category – private server owners and creators. On the other hand, Tebex will continue to operate its business unit within Overwolf and continue to maintain, build, and innovate on its offering to its existing customers.
Tebex CEO, Lee McNeil had this to say,
From the moment we first met the team at Overwolf it was apparent of their dedication to the UGC market and ensuring creators get paid for their hard work. Joining Overwolf enables Tebex to expand its offerings to more game servers, publishers, and more importantly, allows us to further grow the communities of our existing game servers. Their commitment to helping us grow the game server industry will push Tebex into our next growth chapter.
Tebex is best known for providing an end-to-end solution for game studios and developers that are intending to monetize private servers, that span from managing the creation of webstores to game servers receiving payouts. The company is already offering its services to twelve games that include Minecraft, Ark: Survival Evolved, and Rust. Since its inception, the company has helped creators earn over 500M USD using its monetization platform, with 10.5M USD being paid out to creators in December 2021 alone.
Uri Marchand, Overwolf CEO also talked about the acquisition,
Tebex shares in our unwavering commitment of identifying ways to support gaming communities and game studios who want to empower in-game creators that create content on top of their games. As long-time champions of in-game app creators and mod authors, we are excited to work with a new creator category – server owners – to continue to build new experiences in the industry. By combining our industry-leading operations with Tebex’ technology and passionate team, we’ll be able to reach more creators and help them earn a sustainable income for their work.
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