{"id":521298,"date":"2021-08-02T09:03:23","date_gmt":"2021-08-02T13:03:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\/"},"modified":"2021-08-02T09:03:23","modified_gmt":"2021-08-02T13:03:23","slug":"skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\/","title":{"rendered":"Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nSkillz Accelerates Expansion into Racing, Fighting, and First-Person Shooter Genres with $50 Million Investment\n<\/li>\n<li>\nExit Games is the Leader in Synchronous Gaming Technology, Powering Publishers Such as EA, Square Enix, and Ubisoft\n<\/li>\n<li>\nAlliance Provides Skillz with Platform Exclusivity, Making Skillz a Preferred Partner for Publishers and Developers\n<\/li>\n<\/ul>\n<p>SAN FRANCISCO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.skillz.com&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=Skillz&amp;index=1&amp;md5=528eb4507af2880d62ca609174134e64\">Skillz<\/a> (NYSE: SKLZ), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced it has formed a strategic partnership with <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.photonengine.com&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=Exit+Games&amp;index=2&amp;md5=9fbc29e62190c45dc78662159c9d40b0\">Exit Games<\/a>, global developer of Photon, the world\u2019s most advanced synchronous multiplayer gaming technology.\n<\/p>\n<p>\nHeadquartered in Hamburg, Germany, Exit Games allows developers to create and host real-time, synchronous multiplayer games. Its nearly 600,000 trusted partners include some of the most well-respected game publishers and developers in the world, such as EA, Square Enix, and Ubisoft, among others, powering gameplay in over 700,000 applications.\n<\/p>\n<p>\nSkillz\u2019s investment in Exit Games will give the Company permanent access to Exit\u2019s technology to power its esports tournaments and platform exclusively. The partnership will dramatically accelerate Skillz\u2019s timeline to support multiplayer synchronous content on the platform, while also enabling Skillz to build unrivaled features in tandem with Exit\u2019s gaming technology. Publishers and developers worldwide will now have the ability to build games on the Skillz platform in entirely new genres, such as battle royale, while continuing to provide gamers with the confidence that their contests will always live up to the Skillz promise of fairness.\n<\/p>\n<p>\n\u201cBringing the world\u2019s best synchronous, multiplayer gaming technology to Skillz unlocks tremendous opportunity, greatly accelerating our entry into popular genres like fighting, first-person shooter, and racing,\u201d said Andrew Paradise, CEO and Founder of Skillz. \u201cExpanding into these new areas will grow our total universe of players and allow us to capture an even greater share of their leisure time and spend, while also introducing the technology and infrastructure necessary to attract more of the hottest, most creative developers, publishers, brands, and iconic franchises to our platform.\u201d\n<\/p>\n<p>\nUnder the terms of the deal, Skillz has invested $50 million for a minority stake in Exit Games. In addition, Paradise will join the Board of Exit Games as a board observer.\n<\/p>\n<p>\n\u201cWe are big admirers of Skillz and how they are innovating in the field of competitive gaming,\u201d said Christof Wegmann, the Founder and CTO of Exit Games. \u201cThis investment is a natural fit. We\u2019re pleased to have Skillz as a long-term partner in bringing synchronous play to our developers and their gaming fans around the world.\u201d\n<\/p>\n<p>\nLionTree Advisors served as financial advisor and Orrick served as legal advisor to Skillz in the transaction. GP Bullhound served as financial advisor and Taylor Wessing served as legal advisor to Exit Games.\n<\/p>\n<p><b>About Skillz Inc.<\/b><\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.skillz.com&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=Skillz&amp;index=3&amp;md5=ea2d6c6a62ed11ca011ff2c203782ebf\">Skillz<\/a> is the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fgames.skillz.com%2F&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=leading+mobile+games+platform&amp;index=4&amp;md5=5bcf0fb6cf949f7dad72d0b46a0da524\">leading mobile games platform<\/a> that connects players in fair, fun, and meaningful competition. The Skillz platform helps developers build multi-million dollar franchises by enabling <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.skillz.com%2Fplayers%2F&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=social+competition&amp;index=5&amp;md5=2db68afd7a042e8c895784299bbcd7a5\">social competition<\/a> in their games. Leveraging its <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fdevelopers.skillz.com%2F%3Futm_medium%3Dreferral%26utm_source%3Dskillz%26utm_campaign%3DskillzReferral%26utm_term%3DnavPrimary&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=patented+technology&amp;index=6&amp;md5=1e7d66954c6fbf92d27051222d3d96b6\">patented technology<\/a>, Skillz hosts billions of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.skillz.com%2Fabout-us%2F&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=casual+esports&amp;index=7&amp;md5=f05e964f5c4971e54471f31dcafeed25\">casual esports<\/a> tournaments for millions of mobile players worldwide, and distributes millions in prizes each month. Skillz has earned recognition as one of Fast Company\u2019s Most Innovative Companies, CNBC\u2019s Disruptor 50, Forbes\u2019 Next Billion-Dollar Startups, and the #1 fastest-growing company in America on the Inc. 5000. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.skillz.com&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=www.skillz.com&amp;index=8&amp;md5=953d12493650f8ada605ba0214baa0ec\">www.skillz.com<\/a><\/p>\n<p><b>About Exit Games<\/b><\/p>\n<p>\nFounded in 2004, Exit Games is the provider of Photon, the world\u2019s leading realtime multiplayer technology and cloud service for mobile, PC, Mac, Web, Console, VR, AR &amp; MR. Developers are using Photon to create games and applications that offer true synchronous realtime experiences that scale to millions of users. Photon powers thousands of games and applications enjoyed by over 500 million users a month. About 600,000 developers including some of the world\u2019s leading companies trust in Photon to fuel their realtime experiences, such as Disney, Square Enix, Ubisoft, Garmin, Oculus, Atari, RecRoom, BandaiNamco or Volkswagen. <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.photonengine.com&amp;esheet=52469290&amp;newsitemid=20210802005142&amp;lan=en-US&amp;anchor=www.photonengine.com&amp;index=9&amp;md5=a5af23f4883dfbc910803c49945bbfa1\">www.photonengine.com<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210802005142r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210802005142\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210802005142\/en\/<\/a><\/span><\/p>\n<p><b>Media Contact:<br \/>\n<\/b><br \/><a rel=\"nofollow\" href=\"mailto:pr@skillz.com\">pr@skillz.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Germany Europe United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Hardware Social Media General Sports Online Consumer Electronics Mobile Entertainment Technology Other Sports Communications General Entertainment Sports Electronic Games Software Entertainment Internet<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210802005142\/en\/1152044\/3\/Skillz_Logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology Skillz Accelerates Expansion into Racing, Fighting, and First-Person Shooter Genres with $50 Million Investment Exit Games is the Leader in Synchronous Gaming Technology, Powering Publishers Such as EA, Square Enix, and Ubisoft Alliance Provides Skillz with Platform Exclusivity, Making Skillz a Preferred Partner for Publishers and Developers SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211;Skillz (NYSE: SKLZ), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced it has formed a strategic partnership with Exit Games, global developer of Photon, the world\u2019s most advanced synchronous multiplayer gaming technology. Headquartered in Hamburg, Germany, Exit Games allows developers to create and host real-time, synchronous multiplayer &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-521298","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology Skillz Accelerates Expansion into Racing, Fighting, and First-Person Shooter Genres with $50 Million Investment Exit Games is the Leader in Synchronous Gaming Technology, Powering Publishers Such as EA, Square Enix, and Ubisoft Alliance Provides Skillz with Platform Exclusivity, Making Skillz a Preferred Partner for Publishers and Developers SAN FRANCISCO&#8211;(BUSINESS WIRE)&#8211;Skillz (NYSE: SKLZ), the leading mobile games platform bringing fair and fun competition to players worldwide, today announced it has formed a strategic partnership with Exit Games, global developer of Photon, the world\u2019s most advanced synchronous multiplayer gaming technology. Headquartered in Hamburg, Germany, Exit Games allows developers to create and host real-time, synchronous multiplayer &hellip; Continue reading &quot;Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-02T13:03:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210802005142r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology\",\"datePublished\":\"2021-08-02T13:03:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\\\/\"},\"wordCount\":725,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210802005142r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/skillz-forms-strategic-partnership-with-exit-games-developer-of-photon-worlds-most-advanced-synchronous-multiplayer-gaming-technology\\\/\",\"name\":\"Skillz Forms Strategic Partnership with Exit Games, Developer of Photon, World\u2019s Most Advanced Synchronous Multiplayer Gaming Technology - 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