“In the past year, companies and their employees have been collaborating and working together in fundamentally different ways,” said Marc Whitten, Senior Vice President and General Manager, Create Solutions at Unity. Additionally, Parsec offers the privacy, security, quality of life and management tools needed for companies to support fleets of computing resources for all of their creators. This means delivering low latency, ultra-high definition desktop streaming (at 4k pixels/60 frames per second) while providing rich detail with the same sampling rate for all images, such as 4:4:4 color space. With companies and their employees transitioning to hybrid working and collaboration models, Parsec allows creators to be untethered from the office by meeting the unique requirements to support this level of performance processing no matter the location, device or platform. The work of game development and creative professionals is high fidelity, interactive and immersive, and only getting more complex as creators shift to RT3D. The proposed acquisition is expected to close during Unity’s third quarter and is subject to customary closing conditions.

Under the terms of the agreement, Unity will acquire Parsec for approximately US$320 million in cash.

This transaction is an important step toward Parsec’s and Unity’s expanded cloud vision: that creators should expect to be able to work from any location, on any device through rich and powerful tools and seamless cloud infrastructure to deliver the real-time 3D experiences of the future. Unity (NYSE: U), the world’s leading platform for creating and operating real-time 3D (RT3D) content, announced it has entered into a definitive agreement to acquire the high performance remote desktop and streaming technology company, Parsec, which allows gaming and creative professionals to work together from anywhere. Parsec’s technology allows creators to work together remotely and leverage high performance processing from anywhere

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