Merger Targets Game Developers
February 22, 2014
Game developers hoping to strike it rich with whatever becomes the next Candy Crush have a new company offering them tools in their quest. Rebecca Grant reported “Mobile analytics firm Kontagent raises $5M, gears up for merger with PlayHaven” for VentureBeat.
The merger brings together Kontagent’s game analytics, which gathers player data for developers so that they can tweak their apps for a better player experience; and PlayHaven’s mobile monetization tools, so that those apps result in profits for the developers:
“The merger was in response to the increasingly crowded and fragmented mobile market — when it comes to both analytics and monetization. The consolidation of the two companies means they can offer customers a more complete, integrated set of tools.”
There are some seriously big numbers involved in this deal: the combined company will field a market of 22,000 apps to 400 million users monthly across 1 billion devices; the capital raised by both companies is now $26 million.
And remember, this is not a merger of the companies making the games; this is a merger of companies making the apps that help the developers make the games.
Laura Abrahamsen, February 22, 2014
Sponsored by ArnoldIT.com, developer of Augmentext