Expanding Games Portfolio & Development Team | SGN Acquires Mob Science
With the E3 Expo wrapping up, SGN announced early this morning the acquisition of Mob Science further expanding its game portfolio and development team. SGN is the priemere cross-platform mobile game developer founded by MySpace Co-Founder Chris DeWolfe, delivering highly entertaining and engaging titles to millions of users around the world. Mob Science will join in the ranks of prior acquisitions including Hallpass Media and Mindjolt all under the strong and successful SGN umbrella. The deal will include its full game portfolio which includes its most popular title Legends: Rise of a Hero. This strategic move adds on another 50M users to its network of 300M game installations to date.
SGN owns a proprietary technology which seamlessly deploys games across iOS, Google Play, Facebook and Amazon. As such, they have been able to use this technology as leverage to team up with game companies that complement its proven formula for successful titles with strong growth capability and longevity.
Mob Science is an established four-year-old that aligns itself well with SGN as a sucessful Southern California technology start-up. “Mob Science is a proven game development company with collectively over 75 years of experience in top-tier social game creation,” said Chris DeWolfe, CEO and Founder of SGN. “Both SGN and Mob Science stand for quality, enabling us to continue our strategic growth and market expansion.”
President of SGN, Josh Yguado describes his initial meeting with Mob Science, “We immediately hit it off, due to our similar approach to building high-quiality evergreen games, with strong long-term retention and monetization. They are a perfect fit for our company roll-up strategy.”SGN has had a successful early stage profitability, boasting revenues doubling annually. This has allowed the company to make such strategic acquisitions to fuel its growth with deals structured as a cash and equity purchase.
“Joining the SGN team is an amazing new opportunity for everyone here at Mob Science,” said Michael Witz, Founder and CEO of Mob Science. “We look forward to bringing our games to new platforms with their cross-deployment technology as well as working together to create exciting new games throughout 2013 and beyond.”
SGN will continue to stay in its acquisition mode for companies building excellent, quality games with top talent. They have plans for more recruitment and strategic acquisitions that will be announced later this year.
