50 million US dollars for Exit Games

The US gaming platform Skillz is investing in the Hamburg games software. The Americans now also want to profit from the technology.

Hamburg-based games developers Exit Games have received an investment of 50 million US dollars. Skillz, a platform for smartphone games from the USA, is acquiring a minority stake in the German start-up. At the same time, the two companies are entering into a strategic partnership.

Exit Games was founded in 2005 and developed the Photon software, which is used by game manufacturers such as Square Enix, Electronic Arts and Ubisoft. Photon is a multiplayer platform that makes it easier for game developers to develop and host multiplayer games in real time for multiple gaming platforms.

Almost 580,000 developers and studios are already using the technology. "We will work together to bring our multiplayer technology Photon to the very popular skill game sector. This also means that Skillz can enter the genre of real-time multiplayer games," explains Christof Wegmann, founder and CTO of Exit Games.

The Hamburg-based company wants to invest the money in the further development of the technology, but at the same time the customer experience will not change, Wegmann promises. "We will remain an independent company and determine our own future."