NEWS
Xsolla expands presence in North America with first Canadian office
Xsolla , the international video game trading company , has opened its first Canadian office in Montreal – in partnership with GameAddik .
By establishing its presence in the city , Xsolla aims to expand its operations with local talent and foster closer relationships with regional developers .
prominent company allows us to better serve the industry in its pursuit of success .
The Montreal office is pitched as a unique platform for companies looking for industry-leading , cutting-edge solutions to finance , launch , market , monetize and sell their games to local players and fans of their games around the world .
The new office will serve as a hub for Xsolla ’ s operations in Canada and enhance its ability to deliver tailored and localized solutions to its existing partners and thousands of new game developers and publishers in the region .
This strategic expansion into one of North America ’ s most dynamic technology hubs confirms Xsolla ’ s dedication to innovation and its mission to better serve the burgeoning gaming industryand developers in Quebec and across Canada .
“ Montreal is famous for its dynamic gaming ecosystem and innovative technology community . Our presence here will allow us to better support our local and international partners and tap into the incredible source of local talent ,” said Xsolla President David Stelzer .
Montreal has long been known for its dynamic gaming ecosystem and innovative tech community .
Eric Jodoin , CEO , GameAddik , said : “ Our partnership with Xsolla is a game changer for GameAddik . “ Partnering with such a
Iteris to be acquired by Almaviva for $ 335m
Iteris has entered into a definitive merger agreement to be acquired by Almaviva S . p . A . ( Almaviva ) – a private Italian digital innovation group .
The all-cash transaction values Iteris at approximately $ 335m equity value .
Iteris , based in Austin , Texas , is a global leader in smart mobility infrastructure management with over 10,000 public agencies and private-sector enterprises that rely on the Company ’ s AI-powered ClearMobility Platform to monitor , visualize and optimize their mobility infrastructures .
Almaviva is a leader in digital innovation , helping companies to embrace new digital platforms across a range of public and private market sectors . With a global network of 30 companies and 79 offices in Italy and abroad , Almaviva has built a global network of innovative solutions and services across digital transformation , digital reputation management and people-centered technology .
The cash purchase price represents a premium of approximately 68 % to the Company ’ s closing share price on August 8 , 2024 . The transaction was unanimously approved and will be recommended to its shareholders by the Iteris Board of Directors .
“ This announcement marks an exciting next chapter for Iteris and all of our stakeholders ,” said Joe Bergera , President and CEO , Iteris .
“ Iteris has been a pioneer and leader in intelligent transportation systems for more than 15 years Almaviva shares our vision for the future of digital mobility and our commitment to excellence .
“ With this transaction , our team will be strongly positioned to continue to innovate and expand the global adoption of our ClearMobility Platform .”
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