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Xsolla, which handles digital commerce for game companies, is offering a new service called Xsolla Exit Strategies that could help entrepreneurs sell their game studios or projects. And it exercised its own advice yesterday by buying analytics and data visualization firm Slemma.
The new service will connect development studios with financial and transaction advisers, guiding them through the process of selling their game property or studio, from due diligence preparation to exiting. (Xsolla president Chris Hewish is speaking on global publishing at our GamesBeat Summit 2021 event on April 28 and April 29.)
Xsolla handles hundreds of different payment systems around the world. And it works with more than 1,500 game companies and 2,000 games. While other payment companies focus on larger industries, Xsolla has thrived by focusing mainly on games. Last year it offered its Business Engine for game developers and publishers, in addition to its Transaction Engine.
Now the Xsolla Exit Strategies will be an addition to the Xsolla Funding Club, launched in March 2019, which matches game projects and investors. The exit advice business will take that a step further when entrepreneurs are ready to sell.
Big demand for acquisitions
The game industry continues to flourish as demand is high for strategic partnerships and acquisitions for both game companies and intellectual property. Xsolla seeks to make this process easier.
Xsolla will match developers with game-focused financial and transaction advisers who can prepare an exit strategy based on a studio’s requirements. Advisers will help developers through the exit strategy for selling a game property or studio. They will connect developers with an adviser to help meet strategic goals.
If an entrepreneur wants to sell a controlling stake in a company or wind a studio down, Xsolla will help. The company sees this as another step in assisting developers secure funding, said chief investment officer Dimitri Bourkovski in a statement.
Xsolla Exit Strategies will not receive any fees or compensation in connection with the matching and referral of clients to financial advisers as described in the foregoing, and it will have no involvement in negotiating the terms of, or executing, any transaction that may ultimately result from any such referral.
Meanwhile, Xsolla bought Slemma and will integrate its product suite into its publisher account to provide clients with data visualizations. It will connect to third-party tools and services such as Amazon RDS, Microsoft Azure, Google Analytics, Facebook, Twitter, Zendesk, and Salesforce.
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