Overwolf Acquires Tebex for $29 Million

By | March 16, 2022
Reading Time: 2 minutes

 

Overwolf, the all-in-one platform that enables creators to build, share and monetise in-game apps and mods, has announced the acquisition of Tebex, a platform that allows creators to monetise private game servers, for $29 million. The acquisition supports Overwolf’s overall mission to unite the in-game creator community and empower them to make a living doing what they love.

Tebex provides an end-to-end solution for game studios and creators looking to monetise private servers, which spans from managing the creation of webstores to game servers receiving payouts. The company is the industry standard solution for twelve games including Minecraft, ARK: Survival Evolved and Rust. Since its inception, Tebex has helped creators earn over 500M USD using its monetization platform, with 10.5M USD being paid out to creators in December 2021 alone.

Through this acquisition, Overwolf expands into a new creator category – private server owners and creators. Apart from growing this category, the move is synergetic with CurseForge Core, Overwolf’s “mods as a service” offering to game studios. Tebex will continue to operate as a business unit within Overwolf and continue to maintain, build and innovate on its offering to its existing customers.

“From the moment we first met the team at Overwolf it was apparent of their dedication to the UGC market and ensuring creators get paid for their hard work. Joining Overwolf enables Tebex to expand its offerings to more game servers, publishers, and more importantly, allows us to further grow the communities of our existing game servers. Their commitment to helping us grow the game server industry will push Tebex into our next growth chapter,” Lee McNeil, CEO of Tebex, said.

“Tebex shares in our unwavering commitment of identifying ways to support gaming communities and game studios who want to empower in-game creators that create content on top of their games. As long-time champions of in-game app creators and mod authors, we are excited to work with a new creator category – server owners – to continue to build new experiences in the industry. By combining our industry-leading operations with Tebex’ technology and passionate team, we’ll be able to reach more creators and help them earn a sustainable income for their work,” Uri Marchand, CEO of Overwolf, said.

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