INFOSPACE OBTAINS
MOBILE OUTFIT IOMO
Copyright 2004 www.tombraiderchronicles.com
[ December 3rd 2004 ]
InfoSpace,
Inc. today announced its acquisition of U.K.-based
IOMO Limited, an award-winning developer and publisher
of mobile games. The consideration is approximately
$15 million, payable in cash. "We are excited
to build our presence in Europe and to expand
our role in the mobile games space by acquiring
IOMO," said Jim Voelker, chairman and chief executive
officer of InfoSpace, Inc. "With IOMO's great
team, strong publishing capabilities and broad
distribution relationships, we will extend our
reach by offering high quality mobile games to
subscribers across the world."
Currently,
IOMO distributes its mobile games through several
major mobile operators and handset manufacturers,
including Vodafone, O2, Orange, Nokia and Motorola.
IOMO's games are distributed to subscribers in
more than 15 countries, including the U.K., Germany,
Italy, Spain, Ireland, Greece, Portugal, Australia,
New Zealand, Thailand and China. In the three
months ended September 30, 2004, IOMO generated
approximately $1 million in revenue.
Since
the company was founded in 2000, IOMO has built
a reputation on creating more than 80 innovative,
high quality mobile games, such as the BAFTA nominated
Scooby Doo, Tomb Raider, Tiger Woods PGA Tour
Golf and Colin McRae Rally 2005. In recent months,
IOMO has developed and/ or published several of
the "top ten" games downloaded across all four
major mobile operators in the U.K., according
to ELSPA, the Entertainment & Leisure Software
Publishers Association. IOMO's high quality product
offerings earned it the honor of being named the
Best Mobile Development Studio at the Develop
Industry Excellence Awards in each of the last
two years.
"InfoSpace
is a great fit for IOMO," said John Chasey, the
managing director of IOMO. "As a company, we have
been fortunate to work with several major mobile
operators and leading handset manufacturers. Now,
we are looking forward to taking our relationships,
products and expertise to the next level with
InfoSpace."
InfoSpace
Mobile is a leading producer and publisher of
music, graphics and games for mobile operators.
InfoSpace Mobile makes it possible for media companies
and content brands to reach the widest audience
of mobile subscribers with compelling content
and marketing promotions. The acquisition of IOMO
will allow InfoSpace Mobile to offer an even wider
array of gaming applications to their mobile partners
and subscribers.
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