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THE ESPORTS ADVOCATE

Ampverse Acquires Championfy

Casual esports competition platform paused as new owner integrates technology into new and existing products.

James FudgebyJames Fudge
September 16, 2023
in Money
Reading Time: 2 mins read
Ampverse Acquires Championfy

Credit: Ampverse

Singapore-based web3 company Ampverse announced this week that it has acquired the technology and IP assets of Singapore-based gaming startup Championfy. 

Financial terms of the transaction were not disclosed.

Ampverse is a technology company focusing on gaming communities that operates in Singapore, Thailand, India, Vietnam, and the Philippines. The company offers data driven marketing solutions for businesses, across three divisions: Ampverse IP & Communities, Ampverse Marketing Solutions, and Ampverse Labs. Championfy operates a cloud gaming platform and mobile apps intended to provide competitive casual gamers with daily prizes to competitors.  

While financial terms were not disclosed, Championfy calls the Ampverse transaction a “multi-million dollar investment.”

With the acquisition, Ampverse will roll Championfy’s technology into its own offerings through its Ampverse Labs division.

“The integration of Championfy’s assets into Ampverse Labs will accelerate the development of our in-house products and services, further solidifying Ampverse’s role as an industry leader,” the company noted in a release. “Ampverse Labs, led by Sascha Jochum, the Director of Web3 & Ampverse Lab, is dedicated to pioneering data-driven game-tech solutions that bridge the gap between brands and their audiences in the dynamic gaming markets of Southeast Asia and India.”

Championfy’s services are currently paused as both companies work together to integrate their product offerings. 

Tags: AcquisitionsAmpverseChampionfyIndiaMobile EsportsMoneyPhilippinesSingaporeThailandVietnamWeb3
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James Fudge

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.

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