Glu Acquires GameSpy Technology to Expand Connected, Cross-Platform Mobile Leadership
August 02 2012 - 3:01PM
Business Wire
Glu Mobile Inc., 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
Glu Mobile (NASDAQ: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. Glu’s unique technology
platform enables its titles to be accessible to a broad audience of
consumers globally. Founded in 2001, Glu is headquartered in San
Francisco with major offices outside Seattle, and overseas in
Brazil, Canada, China, and Russia. Consumers can find high-quality
entertainment created exclusively for their mobile devices wherever
they see the ‘g’ character logo or at www.glu.com. For live
updates, please follow Glu via Twitter
at www.twitter.com/glumobile or become a Glu fan at
Facebook.com/glumobile.
GUN BROS, DEER HUNTER, BLOOD & GLORY, SAMURAI VS. ZOMBIES
DEFENSE, GLU, GLU MOBILE and the ‘g’ character logo
are trademarks of Glu Mobile Inc.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements, including
those regarding the anticipated benefits to Glu of the GameSpy
acquisition; our expectation that GameSpy will help Glu enhance its
long-term product roadmap with robust, highly scalable multiplayer
functionality; our belief that GameSpy’s battle-tested team will
enable Glu’s product roadmap to include robust and highly scalable
multiplayer and social functionality; our expectation that the
acquisition of GameSpy will be earnings neutral in the near term
but that the GameSpy team and technology will help us drive higher
monetization and lifetime value in Glu’s titles from 2013 on; and
that GameSpy functionality will be utilized in a number of Glu
titles from 2012 and beyond. These forward-looking statements are
subject to material risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Investors should consider important risk factors, which
include: the risk that Glu will be unable to successfully integrate
GameSpy and its employees and achieve expected synergies, the risk
that Glu will have difficulty retaining key employees of GameSpy;
the risk that consumer demand for smartphones, tablets and
next-generation platforms does not grow as significantly as we
anticipate or that we will be unable to capitalize on any such
growth; the risk that we do not realize a sufficient return on our
investment with respect to our efforts to develop freemium games
for smartphones, tablets and next-generation platforms, the risk
that we will not be able to maintain our good relationships with
Apple and Google, the risk that our development expenses for games
for smartphones are greater than we anticipate; the risk that our
recently and newly launched games are less popular than
anticipated; the risk that our newly released games will be of a
quality less than desired by reviewers and consumers; the risk that
the mobile games market, particularly with respect to freemium
gaming, is smaller than anticipated; and other risks detailed under
the caption "Risk Factors" in our Form 10-Q filed with the
Securities and Exchange Commission on May 10, 2012 and our other
SEC filings. You can locate these reports through our website at
http://www.glu.com/investors. We are under no obligation, and
expressly disclaim any obligation, to update or alter our
forward-looking statements whether as a result of new information,
future events or otherwise.
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