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M&A Deal Summary

Unity Software Acquires Parsec

On August 10, 2021, Unity Software acquired internet software and services company Parsec for 320M USD

Acquisition Highlights
  • This is Unity Software’s 1st transaction in the Internet Software and Services sector.
  • This is Unity Software’s 3rd largest (disclosed) transaction.
  • This is Unity Software’s 4th transaction in the United States.
  • This is Unity Software’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-08-10
Target Parsec
Sector Internet Software and Services
Buyer(s) Unity Software
Deal Type Add-on Acquisition
Deal Value 320M USD

Target

Parsec

Park City, Utah, United States
Parsec provides a high frame rate, low-latency remote desktop experience. The Parsec app is available for Windows, Mac, Linux, Android, Raspberry Pi, and the web, and Parsec's SDK allows its streaming technology to be leveraged across any platform. Parsec was founded in 2016 and is based in Park City, Utah.

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Buyer(S) 1

Buyer

Unity Software

San Francisco, California, United States
Category Company
Founded 2004
Sector Software
Employees6,748
Revenue 2.2B USD (2023)
DESCRIPTION

Unity Software is a platform for creating and operating real-time 3D (RT3D) content. Creators, ranging from game developers to artists, architects, automotive designers, filmmakers, and others, use Unity to make their imaginations come to life. Unity’s platform provides a comprehensive set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The company’s 1,400+ person research and development team keeps Unity at the forefront of development by working alongside partners to ensure optimized support for the latest releases and platforms. Apps developed by Unity creators were downloaded more than three billion times per month in 2019 on more than two billion unique devices. Unity Software was founded in 2004 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 8
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 4 of 7
State (Utah) 1 of 1
Country (United States) 4 of 4
Year (2021) 3 of 5
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 SpeedTree

Lexington, South Carolina, United States

Interactive Data Visualization is a creator of SpeedTree that develops software products with a focus on both off-line and real-time 3D applications for the game development, visual simulation, engineering visualization, and animation industries. SpeedTree was founded in 2000 and is based in Lexington, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 OTO Systems

Zurich, Switzerland

OTO Systems is an AI-driven acoustic intelligence platform that can be leveraged to build and foster safer gaming environments with voice and text chat environments. OTO Systems is based in Zurich, Switzerland.

Buy -
Mergr

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