Epic has announced its acquisition of RAD Game Tools. In an announcement on their website, Epic announces they will integrate RAD's technologies into Unreal Engine to benefit the developer community and gamers alike. From the announcement:

As graphics in game development and beyond become more photorealistic and powerful, developers need best-in-class compression software that can manage increased data requirements without compromising quality. Members of the RAD team will partner closely with Epic’s rendering, animation, insights, and audio teams, integrating key tech and improvements across Unreal Engine and beyond. RAD and Epic combining forces will allow even more developers access to tools that make their games load and download faster, and offer their players a better, higher quality video and gaming experience.

Read more from the announcement at https://www.epicgames.com/site/en-US/news/epic-acquires-rad-game-tools.​