By Brian Heater
What does a gaming company do after raising $1.25 billion? Acquisitions seem like a pretty good place to start. Epic Games — of Unreal Engine and the ridiculously successful Fortnite phenomenon — has has just picked up Houseparty. Terms of the deal were not disclosed.
The social video app announced the news via blog post this morning. The deal seems like a natural fit for Epic. Social has been a an integral piece of Fortnite’s success as a multiplayer battle Royale title.
Founded in 2015, Houseparty is a social network that delivers video chat across a number of different platforms, including iOS, Android and macOS. Like Fortnite, the offering tends to skew younger. Specifically, the app caters toward teen users, providing a more private and safer space than other, broader platforms.
“Houseparty brings people together, creating positive social interactions in real time,” Epic CEO Tim Sweeney said in a Media post announcing the news. “By teaming up, we can build even more fun, shared experiences than what could be achieved alone.”
For Houseparty, the acquisition appears to mean the app will continue to operate relatively unchanged for the time being. In an FAQ, the company noted that the app largely staying the same as of today. Things like friendships and streaks will remain untouched by the company and Epic and Houseparty accounts will stay separate. How such integration looks going forward remains to be seen, of course.
“Joining Epic is a great step forward in achieving our mission of bringing empathy to online communication,” Houseparty CEO Sima Sistani said of the news. “We have a common vision to make human interaction easier and more enjoyable, and always with respect for user privacy.”
With some massive investments on its side, it seems more acquisitions are likely in the cards for the gaming company. In January it purchased Serbia-based computer design startup 3Latera.
Read more here:: https://techcrunch.com/social/