Mad Catz acquires Tritton Technologies

It seems Mad Catz is looking to get into the high quality gaming headset market, with its recent acquisition of Tritton Technologies. It has been reported that Mad Catz purchased 100 percent of Tritton’s stock for $1 million and will pay Tritton up to $9 million in cash over the next five years.

“The gaming headset category is one of the fastest growing within the gaming sector, and the acquisition of TRITTON significantly enhances Mad Catz’ opportunities in this very attractive market segment,” said Darren Richardson, President and Chief Executive Officer of Mad Catz. “TRITTON has developed an attractive portfolio of premium products and a brand that resonates strongly with gaming enthusiasts. Additionally, this acquisition further diversifies Mad Catz’ revenue base and is consistent with our strategy to create shareholder value by leveraging our global capabilities with high-value products that enhance the gaming experience.”