On Tuesday, MGW learned that Pocket Games has completed its previously announced acquisition of Viximo, a social games platform.
The deal, we’re told, is valued at $3.5 million in preferred stock.
Viximo connects game developers to sales channels in difficult to reach markets through its write once, deploy everywhere platform. Once onboarded to the Viximo platform, social mobile games can be deployed across several stores worldwide, providing vastly expanded user reach to game developers in the West.
The Viximo toolset also enables developers to increase user engagement and monetization as well as offering localization options. These markets account for over 70% of global app-store market spend annually.
“The Viximo platform is a key acquisition that allows us to target the massive social mobile gaming community,” said David Lovatt, Chief Executive Officer at Pocket Games. “We have engaged our development resources and testing center to further develop the Viximo Platform and we look forward to announcing app-store partners in key markets coming months. Our next priority to secure the right distribution channels in these markets.”
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