GREE Buys Into IUGO Mobile
GREE just announced it has made a minority investment in Vancouver-based IUGO Mobile Entertainment http://bit.ly/IKSv6N
GREE Announces an Investment in IUGO Mobile Entertainment
GREE today announced that it has made a minority investment in Vancouver-based game developer IUGO Mobile Entertainment Inc. IUGO specializes in the design, development and deployment of premium quality mobile games.
Under the new partnership, IUGO and GREE will co-develop high-quality, free-to-play content leveraging IUGO’s three proprietary technologies – IUGO Games Library™, IRender™3D Engine, and IUGO Mesh™ Social Game Engine – which GREE will use to expedite development and enhance the quality of its social mobile games.
GREE’s investment in IUGO is the latest step in GREE’s rapid, global expansion. The company’s engagement of the Canadian market through IUGO follows the establishment of GREE’s first North American office in 2011.
GREE is dedicated to building a global mobile social gaming ecosystem that allows players to connect with friends through high-quality game experiences while offering developers access to a high-engagement audience. Earlier this year, GREE launched the first two games developed by its San Francisco studio – Zombie Jombie and Alien Family. GREE plans to continue creating interesting and unique social free-to-play game experiences, while building relationships with third party developers. GREE also plans to release its new GREE platform in Q2 2012.