Monday, March 26, 2018

Snap Quietly Buys 3D Game Engine Startup

Venice, California-based Snap, the parent firm of Snapchat, has quietly acquired a 3D gaming engine developer based in the UK, according to a report. According to the report, Snap acquired PlayCanvas, a developer of 3D game design software, last May. No details on the acquisition have been announced by either of the companies. Snap has a history of buying companies to help it advanced its products; the company bought Vergence Labs in 2014 to power its Spectacles line; it recently acquired Metamarkets, a developer of programmatic advertising tools; and acquired Ctrl Me Robotics, a maker of drone technology, back in May.