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Gree Invests in IUGO

April 19th, 2012 by Arjan Olsder Posted in Companies & M&A | No Comments »

Gree has announced a new, minority investment in the Vancouver based mobile development unit IUGO. The investment follows on Gree’s investment in HTML5 developer Wizcorp.

Following the investment, IUGO and Gree will co-develop free-to-play content based on IUGO’s Games Library, IRender 3DS Engine and Mesh, their social gaming engine.

“We are honored and excited to partner with developers who share our passion for delivering quality mobile social entertainment,” says Shanti Bergel, SVP, Business & Corporate Development of GREE’s subsidiary, GREE International, Inc. “We look forward to working with IUGO’s talented team to grow the leading mobile social ecosystem for players and developers alike.”

“Both GREE and IUGO are mobile-first game companies, and we share a common vision of where the game industry is heading,” says Hong-Yee Wong, CEO of IUGO Mobile Entertainment.  “Even though IUGO delivered our first game in 2003, I feel like we are just getting started because of the immense opportunities brought forward by the mobile lifestyle. Mobile gaming is soaring on a global scale, and our partnership will put us at the leading edge of this thrust.”

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