Social gaming company 6waves Lolapps (6L) this morning announced its acquisition of Dallas-based Escalation Studios, a mobile games development firm.
Three months ago, 6L already moved to buy Beijing-based social gaming company Smartron5, but apparently they felt there was still some mobile gaming expertise missing.
Explains Rex Ng, CEO of 6L, which was formed in July 2011 by merging the respective businesses of Lolapps and 6waves:
“We will double our business in 2012 and mobile will play a significant role in our growth on both the publishing and development sides of our business.”
Financial terms of the acquisition were not disclosed, but 6L says the addition of Escalation Studios expands the company’s overall headcount to more than 210 employees worldwide.
Escalation Studios’ co-founders, Tom Mustaine and Marc Tardiff, will become Design Directors, while co-founder Shawn Green will become Director of Engineering for 6L.
6waves Lolapps is the result of the merger of social gaming companies 6waves and Lolapps. The two companies continue to function independently.
Austin, TX
Seattle, WA
San Diego, CA
Menlo Park, CA
Disrupt Europe: Berlin Hackathon
Berlin, Germany
San Francisco
