Versus operates a software platform that allows video game developers and other interactive media content creators to offer in-game prizes and rewards. The platform allows companies to tailor the prizes offered based on factors such as user age, location and specific action or challenge completed.
Versus Systems is legally headquartered in Canada, but its main operating subsidiary, Versus LLC, is based in Westchester along with most of the company’s staff and executive team.
More than 99% of Versus’ revenue in 2019 and in the first three quarters of 2020 came from a single client: Hewlett-Packard Co. The company pre-installs Versus’ software on its OMEN and Pavilion gaming computers, which then offer prizes to users for interacting with certain content. Versus noted that this heavy reliance on HP was a potential risk for the company in its IPO prospectus.
Versus plans to use the funds from its IPO to pay off $250,000 in debt and for “working capital and general corporate purposes.”
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