MANILA, Philippines – Consumer technology firm Xurpas Incorporated is continuing its recent acquisition spree by taking a significant stake in MatchMe Property Limited (MatchMe), a Singapore-based mobile and web tournament games platform, the firm announced on Tuesday, March 31.
This is the fourth round of investment of Xurpas since its successful initial public offering (IPO) in December last year.
Xurpas has invested $1.4 million (P62.5 million) for a 31.52% stake in MatchMe, which is engaged in the development, licensing and operation of a mobile and web-based, real-time, multiplayer platform for mobile games.
The platform is also open to third-party game content integration, which means that by integrating with MatchMe, third party developers from around the globe can offer their players synchronous tournaments against friends and opponents.
Under the terms of the agreement, Xurpas will be granted the license and right to use, integrate, publish, distribute, market, and promote the MatchMe platform and its related game content.
It also gives Xurpas exclusive rights to use MatchMe for telecommunications deployment in the Philippines, Indonesia, and Thailand.
“MatchMe is a truly unique offering, potentially allowing millions of players to play against each other on any device, anytime, anywhere,” said Nix Nolledo, president and Chief Executive Officer of Xurpas.
Hal Bame, co-CEO of MatchMe, was equally effusive about the partnership, highlighting how the synergies between the two companies can be a springboard to further expansion.
“The shared synergies and goals between our companies ring true on a variety of levels, not the least of which is bringing entertaining and competitive experiences to mobile and web-based gamers throughout Southeast Asia and beyond,” Bame said.
This means that casual gamers can play in real-time versus other people regardless of data connection speed. It also allows customers to duel with friends or take part in various competitive tournaments locally or on a national, regional, or even global basis.
“Casual Games is one of Xurpas’ biggest growth drivers. As consumers move from feature phones to smart phones, new platforms like MatchMe enable to us to deliver amazing experiences to the next wave of mobile gamers,” Nolledo said. – Rappler.com
US$1 = P 44.7