Glu Acquires Poke Radar
September 14 2016 - 8:00AM
Business Wire
Adds talented team and innovative community
platform to portfolio
Glu Mobile Inc. (NASDAQ:GLUU), a leading global developer and
publisher of free-to-play games for smartphone and tablet devices,
today announced the acquisition of community-driven App, Poke
Radar.
Built by a small team of Pokemon GO enthusiasts and relying on
information submitted by its community of users – Poke Radar’s
mission is to help players of the year’s most popular mobile game
“catch ‘em all.” That team will join Glu Mobile and continue to
offer its community the same experience they love. Having worked on
the development of other apps with millions of downloads worldwide,
the Poke Radar team will continue their innovative work as part of
Glu.
“I am thrilled to welcome such a talented team of developers to
the Glu Mobile family,” said Niccolo de Masi, Glu Chairman and CEO.
“Poke Radar is a unique property which was built swiftly and in a
nimble manner. I look forward to the significant contributions we
expect this team to make at Glu.”
“I and the rest of the Poke Radar team couldn’t be more excited
about joining the Glu Mobile team,” said Poke Radar Co-Founder
Braydon Batungbacal. “We built Poke Radar with a lean team from the
ground up and are excited to see what the future brings with the
support of such a respected publisher behind us.”
Glu has agreed to pay total cash consideration of $500,000 for
all assets associated with the Poke Radar application.
Poke Radar is available for free from the App Store on iPhone,
iPad, or iPod touch at http://apple.co/2ckfAEy and on desktop at
http://bit.ly/2bYzelM.
About Glu Mobile
Glu Mobile (NASDAQ:GLUU) is a leading global developer and
publisher of free-to-play games for smartphone and tablet devices.
Glu is focused on creating compelling original IP games such as
CONTRACT KILLER, COOKING DASH, DEER HUNTER, DINER DASH, DINO
HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO,
RACING RIVALS, TAP SPORTS BASEBALL, and TAP SPORTS FOOTBALL, and
branded IP games including BRITNEY SPEARS: AMERICAN DREAM, GORDON
RAMSAY DASH, KENDALL & KYLIE, KIM KARDASHIAN: HOLLYWOOD, and
SNIPER X WITH JASON STATHAM on the App Store, Google Play, Amazon
Appstore, Facebook, Mac App Store, and Windows Phone. Glu’s unique
technology platform enables its titles to be accessible to a broad
audience of consumers globally. Founded in 2001, Glu is
headquartered in San Francisco with U.S. offices outside Seattle
and in San Mateo, Portland and Long Beach, and international
locations in Canada, China, India, Japan, and Russia. Consumers can
find high-quality entertainment wherever they see the ‘g’ character
logo or at www.glu.com. For live
updates, please follow Glu via Twitter at www.twitter.com/glumobile or become a Glu fan at
www.facebook.com/glumobile.
CONTRACT KILLER, COOKING DASH, DEER HUNTER, DINER DASH, DINO
HUNTER: DEADLY SHORES, ETERNITY WARRIORS, FRONTLINE COMMANDO,
RACING RIVALS, TAP SPORTS, SNIPER X, GLU, GLU MOBILE and the 'g'
character logo are trademarks of Glu Mobile Inc. or its
subsidiaries.
Cautions Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements”
related to the business of Glu Mobile Inc., including statements
that the Poke Radar team will continue their innovative work as
part of Glu and that we look forward to the significant
contributions we expect this team to make to Glu. Such
forward-looking statements involve known and unknown risks and
uncertainties, including, but not limited to, the risk that we are
not able to successfully integrate the Poke Radar team,
successfully transition the app or otherwise achieve the expected
benefits from this acquisition; the risk that we do not retain the
Poke Radar team long term; and the risk that consumer demand for
smartphones, tablets and next-generation platforms does not grow as
significantly as we anticipate or that we will be unable to
capitalize on any such growth. Certain of these risks and
uncertainties are or will be described in greater detail in our
public filings with the SEC. Glu is not under obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20160914005332/en/
Media Contact:Claudia OropezaGlu Mobile Inc.PR@glu.com(415) 800-6378orInvestor
Relations:Seth PotterICR Inc.ir@glu.com(646) 277-1230
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