Home Tech Software Logitech Has Acquired Software Company ‘Streamlabs’ For $118 Million

Logitech Has Acquired Software Company ‘Streamlabs’ For $118 Million

The companies using Streamlabs apps also get access to themes and streaming applications that can improve what they're doing. In August Twitch rolled out a similar broadcasting software, but it's not as rich with features as Streamlabs is as yet. 

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Chief Executive Officer Bracken Darrell of the computer peripherals maker Logitech addresses a news conference in Zurich REUTERS/Arnd Wiegmann

Logitech said it’s widening its repertoire by acquiring Streamlabs, that is the company that created the popular live streaming application ‘Streamlabs OBS’. There’s an agreement on the ground now for the peripheral-maker to acquire the company for $89 million in cash and $29 million in stock. The agreement will be completely sealed only if Streamlabs meet a set revenue growth targets.

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California based Streamlabs, is in the business of offering streamers a wide range set of tools to be able to broadcast to Twitch, YouTube, Mixer, and Facebook. Streamlabs’ applications allow users to process and track tips, as well as to read the chat in their room on a single screen with an in-game overlay.

The companies using Streamlabs apps also get access to themes and streaming applications that can improve what they’re doing. In August Twitch rolled out a similar broadcasting software, but it’s not as rich with features as Streamlabs is as yet.

Logitech vice president, Ujesh Desai, G ‘that’s G for Gaming’, said Streamlabs’ “industry-leading software is complementary to Logitech’s existing gaming portfolio, and they are confident that they can do greater things together.”

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But both companies didn’t say eaxctly what it is they’re working on, but we are sure that after acquiring Streamlabs, Logitech will have a major stake in both the hardware and software aspects of the game streaming sector, that’s for sure. Let us wait and see what’s coming.

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