Wmode Inc., a provider of mobile content managed services, announced today that it has acquired ProvisionX, the third party mobile games delivery business for mobile operators from Glu Mobile Inc., a leading global publisher of mobile games.
Financial terms were not disclosed. Wmode was advised by East Peak Advisors on this transaction.
ProvisionX allows mobile operators to offer subscribers mobile games with the best purchase experience possible and serves carriers and media companies in Asia, South America and Europe.
ProvisionX was formerly a division of Macrospace Limited of UK. Glu Mobile, formerly Sorrent, Inc., acquired Macrospace in December 2004 for approximately US $21.1 million.
Wmode said the acquisition has expended its service offering and geographic reach. With the acquisition of ProvisionX, Wmode now operates its comprehensive mobile distribution services for customers in over 20 countries.
"The acquisition of ProvisionX strongly complements our current services by offering a dedicated gaming platform in high growth markets and expanding our reach in key Asian, Latin American and European markets," said Emanuel Bertolin, CEO of Wmode. "We are excited to work closely with the ProvisionX customers and provide them with our industry leading expertise in mobile content distribution."
"We have been a partner of Wmode for years, and we are confident that their strong operational experience combined with the addition of ProvisionX to their portfolio of services will provide ProvisionX's current and future customers with innovative services that will enhance their current business," said Greg Ballard, President & CEO of Glu Mobile.
San Mateo, California based Glu Mobile is a leading global publisher of mobile games. Its portfolio of top-rated games includes original titles Super K.O. Boxing!, Stranded and the Ancient Empires franchise, and titles based on major brands from Atari, Harrah's, Hasbro, Microsoft, PlayFirst, PopCap Games, SEGA and Sony. Glu Mobile has recently filed for an initial public offering to list its stock on the Nasdaq.
Calgary based Wmode operates ClearMode®, a mobile content distribution service that provides for the recruitment, management, discovery, delivery and payment of mobile content. Wmode offers a complete suite of technologies and services as a managed service to enable mobile operators, MVNOs, content providers and media and brand companies to deliver a broad range of wireless Internet content and services to their consumers.
Founded in September 2000, Wmode is a privately held and funded by private investors.
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