Game Company Acquisition Adds Nearly a Dozen Titles to SGN’s Expanding Team and Gaming Catalogue
Los Angeles, CA – June 13, 2013 – SGN (www.sgn.com), the premier cross-platform mobile games developer, has purchased Mob Science as its latest strategic acquisition. This acquisition brings an established, four-year-old studio, under the SGN umbrella, joining prior acquisitions including Hallpass Media and Mindjolt. The deal will include Mob Science’s full game portfolio, including its most popular title Legends: Rise of a Hero, adding more than 50M users to its network of 300M game installations to-date.
SGN methodically rolls up game companies that complement its proven formula for successful titles with strong growth capability and longevity. Leveraging its proprietary technology, SGN seamlessly deploys games across iOS, Google Play, Facebook and Amazon. Based in Carlsbad, CA, Mob Science aligns closely with SGN in a set of successful Southern California technology start-ups cornering a new, lucrative model for the games industry.
“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.”
“When we first met Michael, we immediately hit it off, due to our similar approach to building high-quality evergreen games, with strong long-term retention and monetization.” said Josh Yguado, President of SGN. “They are a perfect fit for our company roll-up strategy.”
Early stage profitability, with revenues doubling annually at SGN, allows the company to make strategic acquisitions to fuel its growth. The deal is structured as a cash and equity purchase. SGN is currently in acquisition mode for companies producing quality games that have top talent.
“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.”
Mob Science’s team will stay in their Carlsbad, CA offices as the newest extension of SGN. More recruitment and strategic acquisitions will be slated for announcement later this year.
SGN (Social Gaming Network) is the premier cross-platform mobile game developer, delivering highly entertaining and engaging titles to millions of users around the world on Facebook, Android, iOS and Amazon. Founded by MySpace Co-Founder Chris DeWolfe, SGN’s strong executive team with stellar programming and creative talent has established the company as a leader in the mobile gaming industry. SGN’s acquisitions include Hallpass Media, Mindjolt, SGN, and Mob Science. SGN’s patent-pending MasterKey technology deploys games seamlessly across multiple platforms, allowing players to interact with friends regardless of the device or site they prefer. SGN operates with a global presence with offices in Los Angeles, San Francisco, & Argentina.