Demonstrates Union Square Advisors’ expertise in the gaming sector and continued strength in providing insight and quality strategic advisory services to digital media companies
Union Square Advisors LLC is pleased to announce that on February18, 2015, Demiurge Studios, Inc., a privately held game development studio that makes mobile, console, and PC games, has agreed to be acquired by SEGA Networks Co., Ltd. The addition of Demiurge expands SEGA’s growth into North America.
The acquisition of Demiurge Studios also strengthens SEGA’s mobile gaming practice and adds to their team of studios another successful development team – the makers of Marvel Puzzle Quest, one of the top-grossing puzzle card-battle games and one that has repeatedly showcased superior revenue-per-user metrics. The acquisition showcases SEGA’s continued commitment to establishing a leading mobile gaming presence in North America and across the globe.
About Demiurge Studios
Founded in 2002, Demiurge Studios is one of the leading independent studios within Boston’s thriving video game development community, making a name for itself as a straight-forward, service-oriented production house built upon an amazing breadth of creative talent. The studio has been retained by industry leaders like Electronic Arts, Epic Games, THQ, Ubisoft and more to help deliver over twenty titles for PC, mobile devices, and every major console. In 2013, Demiurge launched a top-grossing mobile game, Marvel Puzzle Quest, which became one of the highest-performing mobile games on the market. For more information, please visit www.demiurgestudios.com
About SEGA Networks
Established in July 2012, SEGA Networks Co., Ltd. is a wholly owned subsidiary of SEGA Corporation, focused on creating fun, compelling and engaging entertainment for mobile and tablet devices. Offering titles that feature iconic SEGA® intellectual property such as Sonic Dash™ and Crazy Taxi ™ City Rush to original content like the hit-title Chain Chronicle™, SEGA Networks Co., Ltd is committed to bringing a wide variety of quality digital entertainment to a global audience.
About Union Square Advisors
Union Square Advisors LLC is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, as well as agented private capital financing services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, venture capital and private equity firms across the technology landscape with a primary focus on Software, Software-Enabled Services, IT infrastructure and Internet / Digital Media. For more information on Union Square Advisors, please visit www.usadvisors.com