VS | Market Cap: $7.2M (07/13/26)
Industry:
Software

DESCRIPTION

Versus Systems makes B2B gamification and fan engagement software for sports teams, event venues, and advertisers. The core product suite includes Filter Fan Cam, an augmented reality tool used on in-venue screens and mobile devices during live events; Winfinite, a standalone interactive advertising product that brands and agencies deploy on consumers' mobile devices; and Winfinite Games, a suite of lightweight, customizable web-based casual games. Fans participate for free, earning prizes like merchandise and coupons, while brands pay Versus for the software to capture first-party consumer data and drive engagement. Versus licenses its software to professional sports franchises across the NFL, NBA, NHL, and MLB, as well as event venues, advertising agencies, and digital media companies. The company retains ownership of its technology under all licensing arrangements, and revenue is driven by the number of active customers and the size of their licensing agreements. Versus recently signed a technology license agreement with ASPIS Cyber Technologies, granting ASPIS an exclusive license to use Versus' gamification and QR code technology within the cybersecurity industry for $165,000 per month — currently the company's largest revenue contract. Versus is a very small company with only five employees and four active customers, and management is actively evaluating strategic alternatives including acquisitions, mergers, and capital raises. The company is also exploring expansion into Brazil, targeting soccer franchises and festival promoters, though this has not yet generated revenue.

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