Tuesday, October 2, 2012 : PLAYSINO ACQUIRES POPOVER AND FOGHORN GAMES
Two strategic social gaming acquisitions
Social gaming software developer Playsino out of Santa Monica, California has acquired Popover Games, including the cross-platform Popover Poker, a number of other social casino games and most of Popover's employees. It has also acquired Foghorn Games, a joint-developer of Popover's social casino game Bingo Around the World, both for undisclosed considerations.
Popover, founded in October 2010, produces multi-player social casino games for Facebook and mobile platforms, including iOS, Android, and Windows Mobile. Its innovative, patent-pending translational technology lets players interact with each other despite language barriers.
Bingo Around the World from creator Foghorn Games is freely playable on iPhone and iPad. Users can play bingo in eight exotic cities around the globe, and compete against their friends with special features such as power-ups that increase interest in the traditional 75-ball casino game.
"We're happy to have found two like-minded companies that we can bring to market and further accelerate Playsino's growth in this exciting space," said Brock Pierce, the company's chief executive officer.
Launched late April 2012, Playsino raised $1.5 million in funding from IDM Venture Capital, a Singapore-based venture capital firm, Pacific Capital Group, Siemer Ventures, and a number of angel investors.
Playsino is headed up by Brock Pierce who, according to his personal website, has founded, bought or invested in excess of 30 game companies and secured more than $200 million in investments, helping startups pioneer business models built around virtual goods and microtransactions.