6waves Lolapps Acquires Mobile Game Company Escalation Studios
Leading Developer and Publisher of Independent Social Games Looks to Take Leadership Position in Social on Mobile
SAN FRANCISCO and HONG KONG, Jan. 18, 2012 /PRNewswire/ -- 6L (6waves Lolapps), the leading global social game publisher and developer, today announced its acquisition of Dallas-based mobile game company Escalation Studios. One of the world's most talented mobile game development teams, Escalation Studios will join 6L's existing product development team and will focus on delivering cutting edge game experiences on mobile devices. This news marks the expansion of 6L's unique and successful development and independent publishing business model to mobile.
"We will double our business in 2012 and mobile will play a significant role in our growth on both the publishing and development sides of our business," said Rex Ng, CEO of 6L. "This addition to our team brings some of the mobile gaming industry's most impressive talent into our fold and sends a clear signal that we are as serious about innovation in mobile as we have been in social."
"We were initially interested in Escalation Studios because of their reputation within the industry," said Arjun Sethi, Chief Product Officer of 6L. "When we sat down and saw their roadmap we recognized immediately how deeply their goals and capabilities align with our own. Their addition to our team will enable us to launch some of 2012's most innovative mobile games."
The acquisition adds Dallas to 6L's steadily growing list of Global offices, which includes Hong Kong, Beijing, Tokyo, and San Francisco. The addition of Escalation Studios expands the company's overall headcount to more than 210 employees worldwide.
Escalation Studios' co-founders Tom Mustaine and Marc Tardiff will become Design Directors, while co-founder Shawn Green will become Director of Engineering for 6L. They will lead operations for the company in Dallas. Green, Mustaine, Tardiff and the entire Escalation team bring deep experience from an impressive roster of companies including Gearbox Software, id Software, Ritual Entertainment and Sierra Online.
The terms of the acquisition were not disclosed.
GCA Savvian Advisors, LLC acted as the exclusive financial advisor to Escalation Studios in connection with the transaction.
About 6L (6waves Lolapps) 6L is a leading global publisher and developer of social and mobile games with offices in Hong Kong, Beijing, Tokyo, San Francisco, and Dallas. Every month we attract over 40 million users to our games. 6L's publishing network helps independent developers grow their games' audiences and improve their performance in the market through a broad range of services. 6L is a recognized leader in social game development, and the creator of the hit franchise Ravenworld. For more information visit www.6waves.com or www.lolapps.com
SOURCE 6waves Lolapps
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