Inside INdiana Business

Terre Haute software company part of $43M acquisition

(photo courtesy of ggCircuit)

TERRE HAUTE, Ind. (Inside INdiana Business) — A Terre Haute-based software company will soon be under new ownership as part of a $43 million deal. Esports Entertainment Group Inc. (Nasdaq: GMBL), headquartered in Malta, says it will acquire ggCircuit LLC and another company to create what Chief Executive Officer Grant Johnson calls “the most diversified, U.S.-listed esports entertainment asset.” 

The deal also includes the acquisition of Helix eSports LLC, which is based in New Jersey, owns five esports centers in the U.S. and has developed a player-versus-player wagering platform.

ggCircuit is a software company that provides cloud-based management for LAN centers, an esports tournament platform and point-of-sale solutions for businesses, such as GameStop, Dell and Best Buy. 

“These acquisitions significantly strengthen our Three Pillar Strategy, adding state-of-the-art esports entertainment centers, an esports-focused vertical enterprise software business, a best-in-class esports analytics platform and a player-vs-player skill-based wagering platform to our diversified asset base,” said Johnson. “Together with what we’ve already built and further near-term acquisition opportunities, Esports Entertainment Group is well on its way to becoming a global industry leader.”

ggCircuit was founded by Zack Johnson, a graduate of Rose-Hulman Institute of Technology. He says he is confident the acquisition will “rapidly scale growth” over the next several quarters.

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EEG did not state whether any jobs would be affected by the acquisition.

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