“A paving the way for the cloud?” Unity acquires streaming company

On August 10 (local time), Unity announced its financial results for the second quarter of 2021, recording $273.6 million in revenue, an 11th consecutive quarter of growth of more than 30%. The company, which is on the verge of knocking down birds of the sky, also made it clear today that it acquired Parsec, a software developer related to remote desktops and streaming, for $320 million.

Founded in 2016, Parsec initially focused on applications that allow players to multiplayer games that do not support online play over the Internet. It is a structure that records and encodes the game screen running on the host PC and streams it in real time to another PC.

Parsec, which has grown along with the development of game distribution software, has gained support from creators such as game developers who co-develop games in remote environments as the COVID-19 outbreak begins in earnest with its low-latency, high-resolution streaming technology.

Parsec co-founder and CEO Benjy Boxer said at the time he was convinced that ultra-low-latency streaming technology would allow anyone in the world to remotely handle real-time 3D content.

On August 10, Unity announced that it would acquire Parsec for $320 million. All acquisitions will be paid in cash and will be completed in the third quarter. Prior to the announcement of the acquisition, Parsec had a capital of $33 million and had 50 employees.

According to Mark Witten, Senior Vice President of Unity’s Create Solutions, Creators will be working in remote groups or in a hybrid environment, sometimes in the office, sometimes at home. And Parsec is a good example of a company that has made big breakthroughs in this area. In addition, Parsec said that Unity’s ambition to move to the cloud is based on support, suggesting that the acquisition is a stepping stone to advance into the cloud. Related information can be found here.