egrmagazine.com
FUN Technologies skill-gaming subsidiary, SkillJam, has acquired mobile
games provider Octopi for US$3m with an earn-out of up to a US$3m.
The acquisition of Octopi, an Arizona-based developer of single and
multiplayer mobile games, is a move to develop initiatives and increase
mobile applications and online gaming content.
Octopi’s game development engine, Octoplex, supports multiple
languages, more than 100 top mobile handsets, PDSs, web browsers and
has secured clients such as Nokia for the company. In 2005, Octopi
recorded a US$800,000 profit, before tax and audits.
Lorne Abony, CEO of FUN Technologies, said: “The Octopi team has
extensive experience in all forms of mobile game development, and its
groundbreaking cross-platform games are a true complement to our
existing suite of casual games.”
FUN Technologies’ move into mobile gaming is another step forward in
the firm’s plans to grow by consolidation and Octopi’s acquisition will
also help it develop its other subsidiaries; fantasy league provider
Fanball and data supplier Don Best. Clients of the company include AOL,
MSN’s Zone.com and Virgin Games.
Daniel Kopycienski, founder and president of Octopi, said the firm looks forward to being able
“to offer our existing games to an expansive new user base through FUN’s distribution of channels”.
