November 20th, 2007 by Arjan Olsder Posted in Companies & M&A | No Comments »
Mikoishi has received an $ 8.5 million investment from CryptoLogic to expand their reach in the emerging Asian casual and chance gaming market.
The investment doesn’t only fuel Mikoishi with the power to expand into Asian territories with it’s own IP, but also provides Mikoishi with IP from CryptoLogic like Playboy and Marvel.
"CryptoLogic is a compelling partner in Mikoishi‘s growth and expansion plans," said Irene Chua, CEO of Mikoishi. "CryptoLogic’s strengths are parallel to our own philosophy of developing high quality and localized entertainment products with strong original and licensed IP. This will allow us to accelerate our growth plans and enable us to reach out to other original IP holders."
"At CryptoLogic, we expect Asia will move from being the dynamic casual gaming market of today to the dominant casual gaming market of tomorrow," said Javaid Aziz, CEO and president of CryptoLogic. "To win in Asia, the capability to deliver and operate games across all the key gaming platforms is critical. With Mikoishi’s specialization in online mobile entertainment coupled with their PC and console development capabilities, we are en route to building our business and presence in Asia."
