M&A Deal Summary

Versus Systems Acquires Xcite

On May 12, 2021, Versus Systems acquired digital media company Xcite for 19M USD

Acquisition Highlights
  • This is Versus Systems’ 1st transaction in the Digital Media sector.
  • This is Versus Systems’ largest (disclosed) transaction.
  • This is Versus Systems’ 1st transaction in the United States.
  • This is Versus Systems’ 1st transaction in Colorado.

M&A Deal Summary
Date 2021-05-12
Target Xcite
Sector Digital Media
Buyer(s) Versus Systems
Deal Type Add-on Acquisition
Deal Value 19M USD

Target

Xcite

Greeley, Colorado, United States
Xcite provides Massive Audience Engagement services to users at scale, quickly and easily with a new level of ENERGY for online and in-person events. The company was created to empower the experience of thousands of sports fans (20M users in Pro Sports, NCAA, Olympics, WorldCup, and Formula1) and enabled us to build our digital engagement library of over 40 short-form games. Xcite was formed in 2015 and is based in Greeley, Colorado.

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Buyer(S) 1

Buyer

Versus Systems

Vancouver, British Columbia, Canada
Category Company
Founded 1989
Sector Digital Media
Employees8
Revenue 1M USD (2022)
DESCRIPTION

Versus Systems has developed a proprietary prizing and promotions engine that allows publishers, developers, and creators of streaming media, live events, broadcast TV, games, apps, and other content to offer real-world prizes inside their content. The Versus platform can be integrated into streaming media, TV, mobile, console, and PC games, as well as mobile apps. Versus Systems was founded in 1989 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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