ESE - ESE announces acquisition of gaming technology co. with $24M in revenue GameAddik

ESE Entertainment (OTCQB:ENTEF) has entered into a share purchase agreement to acquire Quebec (OTC:QBCAF) DBA GameAddik, a Canadian technology company focused on gaming and esports. The transaction anticipates to strengthen ESE’s position in esports and gaming, adding GameAddik’s existing client base to ESE’s. Clients include some of the largest video game developers in the world. In fiscal 2020, GameAddik generated Revenue of $24M and Income from Operations of $4.7M. The acquisition will deliver on core strategic priorities of increasing revenue and profitability, expanding tier-1 client base, strengthening technology stack, expanding operational geography, adding experienced executives to ESE’s management, and increasing platform scalability through unique and high value business offerings.

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ESE announces acquisition of gaming technology co. with $24M in revenue, GameAddik