Razer, the leading global lifestyle brand for gamers, recently confirmed that it’s acquired the majority of assets of Nextbit Systems Inc. and has brought onboard the management and employees of the company. Financial details of the transaction, which closed earlier this month, were not disclosed.
“Nextbit is one of the most exciting companies in the mobile space,” Razer Co-Founder and CEO Min-Liang Tan said in a statement. “Razer has a track record of disrupting industries where our technology and ability to design and innovate have allowed us to dominate categories with longstanding incumbents, such as the peripherals and laptop categories. With the talent that Nextbit brings to Razer, we look forward to unleashing more disruption and growing our business in new areas.”
According to Razer, Nextbit will operate as a standalone business unit under its own management and apart from the ongoing business of its parent company. Nextbit will also continue with product support and software updates for its Robin smartphone.
“In order to reach a wider audience and continue our mission, we decided to join with a larger brand,” said Tom Moss, Nextbit Systems Inc. co-founder and CEO. “We’re lucky to have found a company in Razer that shares our value of pushing the boundaries of what our devices can do.”
Razer is a world leader in connected devices and software for gamers and is transforming the way people play games. Having won the coveted “Best of CES” award consecutively for seven years, the company’s leadership in product innovation continues to create new categories for the gaming community that is estimated to have over 1 billion gamers worldwide.
Founded in 2005, Razer is backed by Intel Capital, IDG-Accel and Heliconia Capital Management (Heliconia), a wholly owned subsidiary of Singapore investment company Temasek.
Nextbit Systems Inc. was founded in 2013 by early Android veterans Moss and Mike Chan and is based in San Francisco.
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