PlayStation gets eSports platform

Sony Interactive Entertainment is acquiring, an e-sports technology platform as their relationships in the space continue to grow. is one of the biggest esports tournament platforms in the world and it helps users compete for cash prizes on online games. Furthermore, it hosts asynchronous e-sports tournaments allowing players to compete in games even when they are not online at the same time.

The Company may automatically track the player’s in-game statistics and will award prizes based on their performance. shared the news in a blog, said it has always been focused on “eSports for everyone” and has no plans to stop that mission anytime soon. So why did it agree to buy back?

“We’ll have access to more resources, titles, and technology, which will allow us to grow the team to push Iteration in directions we never thought possible.” works,” wrote Jeff Shull of “This will allow us to grow Significant Repeat over the next few years with many new features, continuing our mission of becoming synonymous with esports by creating a home where everyone has the opportunity competition and win.”

Despite being acquired by PlayStation, still plans to support “PC, mobile, and other consoles alongside PlayStation.”

Since its inception, has hosted over 100,000 tournaments with over 2.3 million participants. It’s clear that PlayStation is excited about adding this experience to its team.

“At PlayStation, our vision for esports has always been to break down barriers for gamers to compete at all levels,” said Steven Roberts, vice president of global competitive gaming at Sony Interactive Entertainment, said. “Together with the talent pool, we’re excited to explore more ways for players to participate in competitive gaming and expand the reach of our eSports offering. This is just the beginning. We are at the forefront of our journey and we look forward to sharing more updates with our community in the future.”

Here’s another step forward in esports for PlayStation and after acquiring the Evolution Championship Series, the world’s largest fighting game tournament. It also followed the news that PlayStation’s deal to acquire developer Destiny Bungie is complete.

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Adam Bankhurst is a news writer for IGN. You can follow him on Twitter @AdamBankhurst and more Convulsions.

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