Cafe.com Offloads Boonty Distribution Platform To Nexway
The founding brothers Roman and Matthieu Nouzareth want to focus 100% on growing Cafe.com rather than having Boonty compete with the distribution platforms of the big guys i.e. the App Store, Xbox Live, iTunes, Wiiware, etc. so this was likely a firesale although in the blog post Roman Nouzareth states that the download platform was operating at a profit as of late. The company raised a total of $10 million back in 2005.
The cash from the acquisition deal will be fully reinvested in Cafe.com. We’d never heard of Nexway to date, but the French company seems to be doing relatively well in the content distribution space with 1 million downloads in 2008 and a turnover of 30 million euros.