In Zynga's 10th acquisition in ten months, the social gaming giant is announcing the acquisition of the team from Massachusetts game developer Floodgate Entertainment. Terms of the deal were not disclosed.
Floodgate has developed a number of casual, mobile and PC titles, including MoPets, Madden 2005 and 2006, Nascar 07, Pirates Of The Caribbean, Flowerz and others. Floodgate's team of developers and engineers will join the Zynga Boston team (which was started via Zynga's Conduit Labs acquisition). Floodgate's founder, Paul Neurath, will be joining Zynga Boston joining as Creative Director.
Floodgate was spawned from computer game developer Looking Glass Studio. In 1990, Neurath founded Blue Sky Productions, which became LookingGlass in 1992. The company folded and Neurath founded Floodgate in 2000.
Zynga just launched its own rewards platform RewardVille, and expanded FarmVille to include second farms. The company's newest game CityVille is dominating social gaming on Facebook with 91 million active users. And the social gaming giant is reportedly raising a $250 million round of funding that values the company at between $7 to $9 billion.
Zynga has been on an acquisition tear over the past year, building up talent, game studios and creative leads in a number of cities around the world. Of course, with Zynga's $850 million in revenue (with $400 million in profit), many of these acquisitions are a drop in the bucket.
The social gaming company's past acquisitions include social browser Flock, New York's Area/Code, Texas-based NewToy, XPD in Beijing, Unoh Games in Tokyo, Conduit Labs in Boston, Dextrose AG in Frankfurt, Germany,Challenge Games in Austin, and Bonfire Studios in Texas.