Glu – GLUU – Acquires GameSpy Technology
Glu Mobile Inc., (NASDAQ:GLUU) a leading global developer and publisher of freemium games for smartphone and tablet devices, today announced that it has acquired GameSpy Technology from IGN Entertainment. GameSpy is one of the leading providers of technologies and services for multiplayer and server-based gaming across a wide array of platforms.
GameSpy services power online features that players now expect from games in a world of ubiquitous connectivity: multiplayer matchmaking, player statistics, individual player profiles, in-game buddy lists, leaderboards, and storage of game media, including screenshots, gameplay videos, and playable content.
“Our acquisition of GameSpy brings Glu industry-recognized leadership in online, cross-platform technology infrastructure,” said Niccolo de Masi, Chief Executive Officer of Glu. “GameSpy’s battle-tested team will enable Glu’s product roadmap to include robust and highly scalable multiplayer and social functionality. We expect that the acquisition of GameSpy will be earnings neutral in the near term. However, GameSpy team and technology is expected to help us drive higher monetization and lifetime value in Glu’s titles from 2013 on.”
GameSpy is already integrated in Glu’s Gun Bros Multiplayer on Android – launched in Q1 2012. In this update, players co-operate on missions and also compete in real-time head-to-head combat with their friends and other Gun Bros players. GameSpy functionality will be utilized in a number of Glu titles from 2012 and beyond.
Founded in 1997 and based in San Francisco, CA, GameSpy was acquired by IGN Entertainment in 2004. GameSpy’s technology has been licensed and integrated into more than 1,000 games. There will be no disruption in service to GameSpy’s current customers and contracts as a result of this acquisition by Glu.
Glu Mobile – GLUU
Glu Mobile (GLUU) is a leading global developer and publisher of freemium games for smartphone and tablet devices. Glu is focused on creating compelling original IP games such as GUN BROS, DEER HUNTER, BLOOD & GLORY, and SAMURAI VS. ZOMBIES DEFENSE on a wide range of platforms including iOS, Android, Windows Phone, Google Chrome, and MAC OS. GLUU’s unique technology platform enables its titles to be accessible to a broad audience of consumers globally. Founded in 2001, GLUU is headquartered in San Francisco with major offices outside Seattle, and overseas in Brazil, Canada, China, and Russia.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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