News Column

Arkadium, Seasoned Casual Games Developer, Closes $5MM in Series A Funding

Mar 14 2013 12:00AM

Marketwire

Tracker

NEW YORK, NY -- (Marketwire) -- 03/14/13 -- Arkadium, creators of the largest library of casual games in the world, announced today that after 12 years of profitable organic growth it has accepted a $5mm Series A minority investment from Edison Ventures. The company, which has a partnership with Microsoft Studios and developed many of the top titles on the new Windows 8 operating system, will use the growth capital to increase the number of titles it puts into development and expand its proprietary online distribution network. Arkadium anticipates more than doubling its staff worldwide over the next three years.

"Since Arkadium's inception in 2001, our approach to responsible, managed growth has allowed us to maintain our position as a steadfast and profitable game development studio. Through market and industry volatility we've gotten closer to our goal of becoming the top casual game studio in the world," said Jessica Rovello, president of Arkadium. "We've spent years refining our development strategy across multiple platforms, most recently Windows 8. With this Series A investment from Edison Ventures, we can continue our strategy of developing the best cross platform casual games, but at an accelerated pace," continued Kenny Rosenblatt, Arkadium's CEO.

"It's rare to find a high-growth technology company that's been able to achieve the success Arkadium has without the benefit of ever raising capital," said Ryan Ziegler, Edison Ventures interactive marketing and digital media practice leader. "Arkadium's cross-platform capabilities and unified infrastructure enable the efficient production of best in class gaming content. We are excited to partner with an emerging market leader. The demand and market opportunities for innovative content and enhanced user experiences are endless."

Arkadium has some of the top games on the web, mobile devices, Facebook and in the Windows Store including Taptiles®, Microsoft Solitaire Collection, Microsoft Mahjong and Mahjongg Dimensions Blast. Arkadium games have been played worldwide billions of times on the Company's proprietary game Arena distribution network.

About Arkadium
Arkadium, creators of the largest library of casual games in the world, has been a prominent game development studio for over 12 years. Whether it's with cards, cubes or the occasional monkey, the company delivers entertaining and addictive gameplay for all demographics. Their easy-to-play, hard-to-quit games include the hits Taptiles®, Sparks, Trizzle, Mahjongg Dimensions and countless others. Over ten million consumers worldwide enjoy Arkadium's games every month on the web, mobile devices, Facebook and Windows 8.

Arkadium has also pioneered the launch of hundreds of games through its partnership network of brand and publisher sites including MSN, CNN, The Washington Post, AARP, Discovery and many more. The company is a comScore top 20 game distributor with its Arena product, a white-label casual game solution that can integrate seamlessly into any web or mobile property. Arkadium is headquartered in New York City, with offices in Canada and Ukraine. For more information visit http://www.arkadium.com or follow us on Twitter @Arkadium.

About Edison Ventures
Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to expansion stage, information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.

Edison's investment professionals are based in New York, NY, Lawrenceville, NJ, McLean, VA, Needham, MA, and Cleveland, OH. Industry specialties include Interactive Marketing and eCommerce, Financial Technology, Healthcare IT and Enterprise 2.0. Edison's successes include Best Software, Dendrite, Gain Capital, Liberty Tax, Magnetic, MediaBrix, M5, Mathsoft, Neat, NetProspex, Octagon, Operative, PlumChoice, Tangoe, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Ventures currently manages over $700 million and is actively making new investments. For more information on Edison Ventures, please visit www.edisonventures.com and follow us on Twitter @edisonventure.



Add to Digg Bookmark with del.icio.us Add to Newsvine



MEDIA CONTACT:
Michael Volpatt
Michael@larkinvolpatt.com
415-994-8864





Source: Marketwire


Story Tools