Canadian esports and iGaming holding company Intema Solutions has acquired Parabellum Media, the parent company of the Canadian esports organisation Parabellum Esports and its sister project, amateur esports academy Northern Shield Academy.
As a result Amuka Ventures, the parent company of Parabellum Media, will receive $564,570 (~GBP420,320) worth of Intema’s common shares.
Image credit: Amuka Esports
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According to the release, Intema Solutions looks to strengthen its esports operations through the acquisition. The agreement regarding Intema’s intention to acquire Parabellum Media was announced last year in December.
Laurent Benezram President and CEO of Intema Media, spoke on the announcement: “We wish to extend a warm welcome to the Parabellum Esports professional team. The addition of this talented team to Intema fits perfectly with our growth strategy and the ecosystem we are building in esports and iGaming.
“Parabellum Esports had a great 2021 having earned over $100,000 (~GBP74,471) in prize money over the course of the year, thanks to two North American Challenger League Stage wins and a top 12 finish at the 2021 Six Invitational in Paris. These performances have earned the team a spot in the Rainbow Six North American Pro League, which will provide future opportunities for years to come, while contributing to Intema’s future success.”
Intema Solutions recently acquired an Isle of Man gaming licence and signed an agreement to buy LOOT.BET parent company Livestream for $15m (~GBP11.18m).
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Based in Toronto, Parabellum Esports operates teams competing in multiple esports titles, including Rainbow Six Siege, Rocket League, Super Smash Bros Ultimate, CS:GO and iRacing.
The organisation, which was founded in 2020, also has a team of content creators and runs the Northern Shield Academy, a project providing coaching, mentorship and career paths for amateur esports players.
Esports Insider says: After focusing on the esports betting market, Intema Solutions continues to expand its portfolio through another acquisition. Adding an esports organisation to its portfolio is certainly interesting as it possibly highlights that the company aims to cover multiple segments of the industry.