Money

ESL FACEIT Group Acquires Vindex

Published by

James Fudge

1 year ago

Tournament organizer ESL FACEIT Group announced Wednesday that it has acquired the U.S.-based esports production company Vindex for an undisclosed amount.

Under the terms of the deal, EFG will acquire Vindex and its Esports Engine and Vindex Intelligence Platform subsidiaries, but it would not buy its gaming center business Belong Gaming Arenas. The news was first published by GamesBeat reporter Jordan Fragen. The transaction was completed on Feb. 17.

Vindex’s esports venue and gaming center division Belong Gaming Arenas will be spun out into a separate and independent company, according to the release.

Mike Sepso will continue to serve as CEO of Vindex, while Sundance DiGiovanni will remain as chief strategy officer at Vindex, as well as additional leadership roles within EFG.

With this acquisition, Vindex becomes part of the family of game-related companies owned by Savvy Games Group, a company owned by the Saudi government backed Public Investment Fund, or PIF.

James Fudge

With a career spanning over two decades in the esports and gaming journalism landscape, James Fudge stands as a seasoned veteran and a pivotal figure in the evolution of esports media. His journey began in 1997 at Game-Wire / Avault, where he curated gaming and community news, laying the groundwork for his expertise in the field. In his more recent roles, James cemented his status as an authority in the esports business sphere as Senior Editor Esports at Sports Business Journal and The Esports Observer between 2018 and 2021.