Overwolf acquires Tebex for $29M so gamers can monetize personal servers

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Overwolf right now introduced it has acquired Tebex for $29 million. Tebex is a platform that permits customers in sure video games to monetize personal servers. This expands Overwolf’s choices for customers who want to monetize their user-generated content material.

Tebex supplies a number of choices for customers who want to generate profits from personal servers, together with the setup of webstores and managing payouts to creators. Tebex’s resolution at the moment works with video games like Rust, Ark: Survival Advanced, and Minecraft, and allegedly has helped creators earn $500 million. Tebex will proceed to function as regular from inside Overwolf.

Tebex CEO Lee McNeil mentioned in a press release, “From the second we first met the crew at Overwolf it was obvious of their dedication to the UGC market and making certain creators receives a commission for his or her exhausting work. Becoming a member of Overwolf allows Tebex to develop its choices to extra sport servers, publishers, and extra importantly permits us to additional develop the communities of our present sport servers. Their dedication to serving to us develop the sport server {industry} will push Tebex into our subsequent development chapter.”

Overwolf will develop its choices to customers and sport creators with this acquisition to incorporate personal server homeowners. The corporate plans to include Tebex into its providing to develop the in-game creator financial system.

Uri Marchand, Overwolf CEO, added, “Tebex shares in our unwavering dedication of figuring out methods to assist gaming communities and sport studios who need to empower in-game creators that create content material on high of their video games. As long-time champions of in-game app creators and mod authors, we’re excited to work with a brand new creator class – server homeowners – to proceed to construct new experiences within the {industry}. By combining our industry-leading operations with Tebex’ expertise and passionate crew, we’ll have the ability to attain extra creators and assist them earn a sustainable revenue for his or her work.”

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