Mike Stubbs . Business . Monday 27th February 2017 . 12:10
ChallengeMe eSports has announced the acquisition of its competitor eSports hero along with a ton of investment cash.
ChallengeMe is know for running tournaments and matchmaking systems, but has mainly operated in Europe while eSports Hero has done a similar thing in North America. With the new merger ChallengeMe will expand into North America with eSports Hero’s current operations.
Alongside this announcement the company also revealed that they have secured $4.9 million in investment from Esports Mogul. This, as well as the acquisition, will mean that ChallenegMe can expand into North America, Southeast Asia and Australia in the coming months.
“We are incredibly excited to be joining forces with Esports Mogul and Esports Hero,” said Simon Seefeldt, CEO of Challengeme Esports. “Combining ESM as a strategic partner and investor with the acquisition of Esports Hero, will allow ChallengeMe.GG to expand faster and more aggressively on a truly global scale.”
“We believe in the strength of the combined entity and are very happy to become part of the Challengeme team,” said James Heldridge, CEO of eSports Hero. “We are looking forward to taking the North American and global market by storm. With eSports growing exponentially, we are well placed to become one of the leading companies in this space.”