It was announced in recent days that ISIS Lab, a social gaming software developer and provider, has completed the acquisition of mobile and PC casual games developer Vast Studios, says Online-Casinos.
Vast Studios is a premier video game developer for the casual mobile and PC markets.
Vast ISIS acquired all the outstanding common shares of Vast Studios which is a privately held Ontario corporation. The agreement will see Vast become a wholly-owned subsidiary of ISIS.
ISIS agreed to pay an adjusted purchase price of C$1,729,463 (subject to further adjustment in certain circumstances) for all of the issued and outstanding shares of Vast. On closing, Isis paid in aggregate C$629,463 in cash and C$600,000 by the issuance of 1,279,290 common shares of the Company at a price of C$0.469 per share.
ISIS is the developer and provider of a social gaming software platform created for both social and monetized gaming for clients operating within regulated markets.
“Vast, over the years has demonstrated its capability to produce profitable games for its publishers,” says Daniel Kajouie, Chairman, President and CEO of Isis. “At ISIS, we believe the future of gaming will reside at the intersection of social and real money games. The acquisition of Vast will fuel our ability to expand development into this growing sector and provide proprietary games to our customers.”
Join the Conversation