Elgato Systems changes name to Eve Systems, sells gaming business

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For most of us, when we hear about Elgato our minds instantly go to gaming. Elgato’s video capturing software was some of the best, which made it extremely popular for streamers and YouTubers who shared gaming videos.

Elgato was more than streaming hardware, however, with their HomeKit hardware and other smart home accessories. Now, the company is splitting, with the gaming portion being sold off to Corsair, while the rest of the company will be rebranded as Eve Systems.

From the press release,

Today, the Gaming space is more dynamic and exciting than ever, and we sought a larger partner to help us capitalize on the phenomenal opportunities ahead.

Corsair, which focuses on peripherals, is well known in the gaming sector and should prove to be a great acquisition. The company is already familiar with the gaming sphere, offering many different mice and keyboards for gamers, so this transition should go smoothly for Corsair.

Markus Fest, Elgato’s founder and now CEO of Eve Systems continues,

Our gaming business has been wildly successful, and that success is inextricably linked to the Elgato brand. The brand has been with us for almost twenty years and we are obviously a little sad to see it go, but Corsair is a fantastic company and will be a great new home for Elgato. At the same time our Eve product line will benefit from a focused team and a dedicated organization. This move will further strengthen both product families.

Eve will be announcing new smart home products and expanding its ecosystem over the next few months, with new products being revealed at IFA Berlin in August.

What do you think? Is this a smart move by Elgato and Corsair? Let us know your thoughts in the comments.

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Josiah Motley

Former KnowTechie editor.