MANILA, Philippines -- Philippine consumer technology firm Xurpas Inc. has acquired a stake in MatchMe Pte. Ltd., a Singapore-based mobile and web tournament games platform.
Xurpas on Tuesday said it invested $1.4 million for a 31.52 percent stake in MatchMe, which is engaged in the development, licensing and operation of a mobile and web based, real-time, multiplayer platform for mobile games.
Under the deal, Xurpas will be granted the license and right to use, integrate, publish, distribute, market and promote the MatchMe platform and its related game content.
Xurpas will also have exclusive rights to use MatchMe for telco deployment in the Philippines, Indonesia and Thailand.
"MatchMe is a truly unique offering, potentially allowing millions of players to play against each other on any device, anytime, anywhere. The platform allows us to provide a unique game playing experience to consumers in the Philippines, the rest of Southeast Asia, and worldwide," Nix Nolledo President and CEO of Xurpas, said.
Hal Bame, co-CEO of MatchMe, welcomed the partnership with Xurpas.
"The shared synergies and goals between our companies ring true on a variety of levels, not the least of which is bringing entertaining and competitive experiences to mobile and web-based gamers throughout Southeast Asia and beyond," he said.
This would allow casual gamers to play in real-time versus other people regardless of data- connection speed. Customers can also duel with friends or take part in various competitive tournaments locally or on a national, regional or even global basis.
"The reason why we raised money through our IPO last year is to expand our product line and to significantly enlarge our distribution platform. These goals are now being realized. MatchMe is the fourth company we have acquired or invested in since December 2014... As consumers move from feature phones to smart phones, new platforms like Matchme enable to us to deliver amazing experiences to the next wave of mobile gamers," Nolledo said.
Last week, Xurpas announced it was investing in Indonesian firm PT. Sembilan Digital Investama (SDI), owner of the mobile content company Ninelives Interactive. Under the deal, Xurpas will get a 49 percent stake in SDI and full management control for $245,000.
Xurpas has also acquired a stake in Singapore IT company Altitude Games PTE Ltd and Storm Flex Systems, Inc.