Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V:KUU) announces that it has signed a term sheet to acquire mobile esports platform developer Valiance UG. The Germany-based, blockchain enabled Valiance esports platform is designed to support both mobile esports competitors and content creators and provides them with opportunities to monetise their involvement playing esports titles they love.
“Kuuhubb’s strategy to acquire, partner, build and globally grow under-appreciated mobile gaming assets continues to gain traction. Adding Valiance to our portfolio offers Kuuhubb entry via acquisition into mobile esports gaming, the fastest growing segment of the multi-billion dollar esports industry. Valiance complements Kuuhubb’s existing female lifestyle segment by broadening our demographic reach, and by bringing custom blockchain software technology and development capabilities which we plan to deploy across Kuuhubb’s product portfolio to create blockchain enabled mobile communities,” commented Jouni Keränen, CEO of Kuuhubb.
Valiance UG was co-founded by Ms Dragana Gucanin and Mr Antonio Meic in 2016, with the mission of becoming a leading mobile esports gaming company offering gamers a platform to participate in regular prize-winning tournaments and to contribute to the growth of mobile gaming communities. Valiance with the implementation of blockchain technologies is creating a gaming community where users participate both in the management and the value creation of the community. Headquartered in Berlin, Germany, Valiance has grown to over twenty developers with deep technical expertise in mobile application development, enterprise-scale systems and payment solutions used to deliver the next generation esports platform utilising proprietary blockchain implementation for global decentralized transactions and regulating the next-generation esports ecosystem.
“The Valiance team is excited to join Kuuhubb because of its global network and reach to accelerate the growth of our mobile esports platform. Our platform replaces current ways of distributing value and managing mobile esports gaming communities. We are developing our product with a continuous involvement of our users and have established partnerships with key stakeholders which are providing us with additional confidence that we are on a right track. Also, our blockchain-enabled PaaS technology is highly customisable and nimble enough to easily integrate and support existing game platforms of highly engaged mobile communities like Recolor,” stated Dragana Gucanin and Antonio Meic, co-founders of Valiance.
Kuuhubb’s acquisition of Valiance is expected to be completed within the first quarter of 2018, and is subject to the execution of the definitive documentation in respect of such acquisition and receipt of TSX Venture Exchange acceptance.
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