A company that provides cloud-based game streaming solutions goes into the hands of a technology giant. RemoteMyApp, a startup from Szczecin, was taken over by Intel.
When Prime Minister Mateusz Morawiecki met with Intel’s new CEO Pat Gelsinger a few weeks ago, a lot was said about the nature of the meeting. And this in the context of the possible construction of an Intel component factory in our country. Although it is difficult to find any confirmation in the announcement made available at that time by the prime minister that one of Intel’s factories will be built in our country, the very fact of the meeting proves that both parties are interested in cooperation. Nothing has changed in the subject since September: there are no confirmations or denials. However, this does not prevent Intel from running businesses in Poland. The company has just bought the RemoteMyApp startup from Szczecin, which has so far been involved in providing technologies and services for streaming games from the cloud to international corporations.
I honestly admit that I have not heard of RemoteMyApp before, although I am interested in the video game market on a daily basis. The Polish startup is responsible for Vortex. It is a game streaming platform that offers three subscriptions and gives you access to a fairly extensive library of games. You will find such hits as GTA V, Skyrim, Civilization VI, The Witcher 3: Wild Hunt and many more. RemoteMyApp also provides its technologies to foreign companies. The company cooperates, for example, with Deutsche Telekom and the game streaming service from the MagentaGaming cloud. Other RemoteMyApp partners include IBM, Plug In Digital, and several game development studios. Team17, Microids and 505 Games provide their titles in the services operated by RemoteMyApp.
RemoteMyApp in the hands of Intel. The company bought a Polish startup
My adventure with gaming began with the iconic Duke Nukem 3D game and led to the place where, together with the RemoteMyApp team, we created the highest quality technology service, thanks to which millions of players around the world have access to their favorite games anytime, anywhere. We’re proud to be joining the Intel team and, together, we will continue to create world-changing innovations.
– says Andreas Hestbeck, CEO of RemoteMyApp.
RemoteMyApp was established in 2014. Its co-founder was Red Sky from Szczecin – a startup operating within the group headed by the Tar Heel Capital Pathfinder fund. The company was developed in the venture building model, in which the fund creates technology businesses with the potential for global development from scratch. Until the sale of the startup, Tar Heel Capital Pathfinder remained its largest shareholder. Two years later, in 2016, the VC Internet Ventures fund from the MCI Capital portfolio invested in RemoteMyApp. Last year, Deutsche Telekom joined the group of investors, which translated into cooperation in the development of the MagentaGaming gaming platform. As representatives of both parties say, the purchase of RemoteMyApp by an international player is a unique transaction on the Polish startup and technology scene.
It is a pity that there is no information how the purchase of RemoteMyApp by Intel will affect the further development of the platform. And what does it really mean. Intel is investing heavily in cloud gaming and is already providing a range of solutions. These include GPU servers, which are not only used to host cloud gaming, but help improve the performance of streaming and VOD platforms.