Earlier today, Xfire, creator of the gaming-centric chat/matchmaking client bearing its name, announced to its nearly 17 million registered users that it had been purchased by an unknown entity. "Xfire was bought by new owners today. Most of the team that has built Xfire over the last six years is leaving. We enjoyed working for you for the last 127 releases and wish we could stay to create the next 127. Good bye, good luck, and game on," a message from "The Xfire Team" posted on the company's website read.

Following an afternoon of speculation as to the buyer's identity -- which, at one point, was listed as 3D Realms on Xfire's Wikipedia page -- it has been confirmed that Titan Gaming, a Los Angeles, Calif. based developer of "skill-based gaming" technology (i.e., competitive gaming for money), was behind the purchase. Titan will be "taking on the Xfire name, with a focus towards ongoing innovation in the gaming space," according to a message on its site, adding that, "the Xfire services will continue uninterrupted for its users" and that it intends to use the service to "help gaming companies better engage their users and monetize their games."

The move appears to have been made to better position the company to compete with similar services, such as upstart Virgin Gaming. Exactly how today's events will affect Xfire's community going forward and what we can expect in terms of specific partnerships is unclear, but we've contacted Titan to find out more.

[Thanks, Jevon]

This article was originally published on Joystiq.

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