- Acquisition of rights to top game Fiesta Online boosts further revenue and EBITDA growth
- Stake in Intenium Technologies increased to 100%
gamigo AG (“gamigo”, bond ISIN: DE000A1TNJY0), a leading player in the fast growing games market in Europe and North America, today announced the acquisition of the global rights to the successful Fiesta Online brand from South Korean developer Ons On Soft.
Fiesta Online is one of the biggest games published by gamigo AG and therefore one of the company’s key revenue drivers. Played by over 20 million registered players worldwide, the Anime MMO (Massively Multiplayer Online Game) has been successful on the international market for eight years. Through this transaction, gamigo acquires all other language versions, including those for Indonesia and the Middle East, as well as the exclusive, global usage rights to the popular online game.
Fiesta has been published by the gamigo group since 2008. The company decided to make the acquisition in order to better adapt it to local market conditions and enable further growth for the game. A development team comprised of Europeans and Americans will be developing the game in the future. Acquiring the license will have a positive impact on EBITDA and net profit as early as the first quarter. gamigo expects Fiesta Online to generate revenue growth over the course of 2016 because the company can now respond more flexibly to player requests.
Remco Westermann, CEO of gamigo AG, comments: “Owning the worldwide usage rights to the successful Fiesta brand will enable gamigo to push ahead with its internationalization strategy.”
gamigo also announced that it has increased its stake in Intenium Technologies from 51% to 100%. Intenium Technologies focuses on the design and sourcing of casual online and mobile games. This takeover will also have a positive effect on gamigo AG’s EBITDA.
About the gamigo group:
The gamigo group is one of the leading gaming companies in Europe and North America. Over 100 staff members in Hamburg, Berlin, Münster (Germany), Chicago (USA) and Seoul (Korea) are in charge of managing the platform (including Software as a Service and gaming portals) and the publishing of free-to-play mobile and online games. Fiesta Online and Dragon’s Prophet are just two examples of gamigo’s very successful multiplayer online role-playing game titles with a long-standing customer base. At the same time, the existing portfolio of games is constantly expanded with new titles, such as: Wickie Online, Kings and Legends, Desert Operations and Empire Universe 3. The gamigo group has a total of more than 65 million registered user accounts worldwide. In addition to online multiplayer games, gamigo is also stepping up investments in mobile games, including games such as Dino Empire and the cross-platform game The Rats. gamigo was one of the first few companies to discover the booming market segment of online games, and published the first MMOG that was completely localized into German as early as 2000. Besides organic growth, the gamigo group also performed 10+ M&As since 2014 and further strives to grow its business through the acquisition of companies specializing in games and technology.