6Waves Lolapps Acquires Chinese Social Gaming Company Smartron5
Social and mobile game developer 6waves Lolapps has acquired Beijing-based social gaming company Smartron5. Financial terms of the deal were not disclosed.
Smartron5, which is backed by Origo Partners, has been developing social games with deeper game play experiences for Asian and international social networks. Smartron5?s CEO, Gage Galinger will become 6waves Lolapps? Vice President of Content Development and will head up operations for the company in China.
Galinger previously held gaming positions at Electronic Arts, Enorbus, Microsoft and Blizzard. The Smartron5 team will focused on product development for the local social and mobile market. Around fifty percent of Smartron5?s focus will be on mobile development
The acquisition expands 6waves Lolapps? presence in the Asian market, adding to its existing Hong Kong and Tokyo offices. The gaming company now has more than 75 employees in Asia, with more than 170 employees worldwide.
As Lolapps CEO Arjun Sethi explained, ?Having a presence in China is important to us, especially in developing high-quality, localized games.?
?The Asian market is complex and the Smartron5 team brings western-production values with a deep understanding of how to be successful in China,? said Rex NG, CEO of 6waves Lolapps. ?This addition to our team is key to our globalization strategy and will benefit our own game development efforts as well as those of our publishing partners.?
Lolapps and 6Waves merged earlier this year to create a larger network of social gaming applications on Facebook and the web. Lolapps also recently acquired a Flash games creation engine from Sean Cooper Games and hired its creator. And 6Waves Lolapps launched a new $10 million fund to invest in mobile and social game developers.