LOS ANGELES, July 5, 2016 /PRNewswire/ -- SGN, the fast-growing independent Los Angeles mobile gaming company led by MySpace cofounder and former CEO Chris DeWolfe, announced today that it has acquired TinyCo, the Andreessen Horowitz-backed San Francisco studio behind the Marvel Avengers Academy and Family Guy: The Quest for Stuff games.
Its third acquisition since receiving a $130 million investment from South Korea's Netmarble Games last July, SGN's most recent strategic purchase helps the 400-person company realize its longtime vision of becoming a titan in mobile gaming - one of the fastest growing media sectors in the world growing 20% annually and ten times the rate of the console and PC game industries.
Suli Ali, TinyCo's CEO and cofounder, will continue running the 125-person team, which officially joined SGN's 275 employees on Thursday. TinyCo's popular games including--Family Guy and Marvel Avengers Academy--have been downloaded more than 100 million times since April 2014. The company, which is currently developing more mobile games based on globally recognizable Hollywood brands, expects to generate more than $100 million in revenue this year.
"Suli and TinyCo realized early on the enormous potential of mobile in this industry, and they foresaw the massive opportunities for gaming in entertainment," said DeWolfe. "Buying TinyCo helps us diversify the types of games we offer and advance our ambition to create a mobile gaming giant."
DeWolfe founded SGN in 2010 with President & COO Josh Yguado and CTO Aber Whitcomb. Over the past four years, the company's monthly active users have risen 800 percent to nearly 50 million people, and revenues have grown by more than 1000 percent since 2013, making SGN one of the top mobile game developers in the world. The addition of TinyCo's successful titles, including Family Guy and Marvel Avengers, will diversify SGN's portfolio and further contribute to the company's meteoric growth.
"We are thrilled to join the SGN family, as TinyCo's games complement SGN's portfolio of games perfectly," said Suli Ali. "Being a part of SGN will enable us to continue building hugely successful games with Hollywood franchises but with SGN's resources and firepower behind us."
SGN is a mobile gaming entertainment platform and the maker of Cookie Jam, Panda Pop, Juice Jam, Genies & Gems and the Book of Life: Sugar Smash, among others. Created in 2010 by former MySpace cofounders Chris DeWolfe and Aber Whitcomb along with former Fox executive Josh Yguado, SGN's portfolio of mobile games has been downloaded more than 700 million times and are regularly played by nearly 50 million people monthly around the world. Four of SGN's signature titles are all among the top 100 highest grossing games on the iPhone, iPad and Android devices in the U.S. SGN has made three acquisitions since receiving a $130 million investment from South Korea-based Netmarble Games in 2015. Based in Los Angeles, SGN has studios in Seattle, San Francisco, Palo Alto, San Diego and Buenos Aires.
Founded in 2009 by Suli Ali, TinyCo has developed more than a dozen successful games for the App Store, Google Play Store and Amazon App store with titles such as Marvel Avengers Academy and Family Guy: The Quest for Stuff. The company's mission is to make people happy five minutes at a time through incredibly fun mobile entertainment, based on the world's biggest brands. The company's investors include Andreessen Horowitz and angel investors including Ron Conway and Keith Rabois. For more information about TinyCo, please visit http://www.tinyco.com.
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