openPR Logo
Press release

gamigo Announces Global Acquisition of Fiesta Online

03-03-2016 02:58 PM CET | IT, New Media & Software

Press release from: gamigo AG

- Acquisition of rights to top game Fiesta Online boosts further revenue and EBITDA growth
- Stake in Intenium Technologies increased to 100%

gamigo AG (“gamigo”, bond ISIN: DE000A1TNJY0), a leading player in the fast growing games market in Europe and North America, today announced the acquisition of the global rights to the successful Fiesta Online brand from South Korean developer Ons On Soft.

Fiesta Online is one of the biggest games published by gamigo AG and therefore one of the company’s key revenue drivers. Played by over 20 million registered players worldwide, the Anime MMO (Massively Multiplayer Online Game) has been successful on the international market for eight years. Through this transaction, gamigo acquires all other language versions, including those for Indonesia and the Middle East, as well as the exclusive, global usage rights to the popular online game.

Fiesta has been published by the gamigo group since 2008. The company decided to make the acquisition in order to better adapt it to local market conditions and enable further growth for the game. A development team comprised of Europeans and Americans will be developing the game in the future. Acquiring the license will have a positive impact on EBITDA and net profit as early as the first quarter. gamigo expects Fiesta Online to generate revenue growth over the course of 2016 because the company can now respond more flexibly to player requests.

Remco Westermann, CEO of gamigo AG, comments: “Owning the worldwide usage rights to the successful Fiesta brand will enable gamigo to push ahead with its internationalization strategy.”

gamigo also announced that it has increased its stake in Intenium Technologies from 51% to 100%. Intenium Technologies focuses on the design and sourcing of casual online and mobile games. This takeover will also have a positive effect on gamigo AG’s EBITDA.

About the gamigo group:
The gamigo group is one of the leading gaming companies in Europe and North America. Over 100 staff members in Hamburg, Berlin, Münster (Germany), Chicago (USA) and Seoul (Korea) are in charge of managing the platform (including Software as a Service and gaming portals) and the publishing of free-to-play mobile and online games. Fiesta Online and Dragon’s Prophet are just two examples of gamigo’s very successful multiplayer online role-playing game titles with a long-standing customer base. At the same time, the existing portfolio of games is constantly expanded with new titles, such as: Wickie Online, Kings and Legends, Desert Operations and Empire Universe 3. The gamigo group has a total of more than 65 million registered user accounts worldwide. In addition to online multiplayer games, gamigo is also stepping up investments in mobile games, including games such as Dino Empire and the cross-platform game The Rats. gamigo was one of the first few companies to discover the booming market segment of online games, and published the first MMOG that was completely localized into German as early as 2000. Besides organic growth, the gamigo group also performed 10+ M&As since 2014 and further strives to grow its business through the acquisition of companies specializing in games and technology.

Press contact:
edicto GmbH
Axel Mühlhaus / Werner Rüppel
Tel.: +49 -(0)69-905505-52

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release gamigo Announces Global Acquisition of Fiesta Online here

News-ID: 325026 • Views: 430

More Releases from gamigo AG

gamigo announces gamer party at Gamescom in Cologne
• August 23, 7 p.m., at "Wartesaal am Dom" • All gamers are invited to sign up in advance and enjoy free entry and drinks on the house • Top Acts: Sarazar, Circle of Alchemists, Rewinside, Defcon Unlimited & more cosplay acts Hamburg, May 23, 2017 gamigo AG ("gamigo", bond ISIN: DE000A1TNJY0) is among the world's leading publishers of community-based free-2-play games with more than 100 million registered user accounts and successful titles like
Welcome to gamigo's excellent Easter feast
Hamburg, April 12, 2017 – The Easter Bunny is carrying an especially large basket full of surprises this year: all throughout gamigo's games countless eggs have been hidden, Easter baskets are waiting to be found, and lots of colorful minigames want to be solved. In short: extraordinary prizes are waiting around every corner. Want to go on an egg hunt while fighting beastly bunnies? That's exactly what awaits players in Fiesta
Fiesta Online - The Lost Kingdom – Part one of the great level cap raise is no …
Hamburg, December 16, 2016 – The curtain falls, a new chapter begins: the great Fiesta Online content update, including a level cap raise up to level 135, is available as of now. Filled to the brim with exclusive features and a brand-new story line, this long-awaited patch is another milestone for gamigo's successful anime MMORPG. While players navigate their heroes through newly created landscapes searching for two mythical essences, countless innovations
Fiesta Online: Part 1 of the New Level Cap Increase Coming in December 2016!
Hamburg, December 5, 2016 – gamigo's successful anime MMORPG, Fiesta Online, is getting the first of two massive updates this December, including a level cap increase to level 135! In advance of the update's release, players can feast their eyes on exclusive screenshots and an all-new teaser trailer. Called forth from the depths of the shadow world by the God of Greed, the fearsome leader of Pagel's dark army has returned.

All 5 Releases

More Releases for Fiesta

Global Coconut Milk Powder Market 2017 Cocomi, Caribbean, Maggi, Fiesta
Coconut Milk Powder Market Research Report A market study based on the " Coconut Milk Powder Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Coconut Milk Powder Market 2017’. The research report analyses the historical as well as present performance of the worldwide Coconut Milk Powder industry, and makes predictions on the future status of Coconut Milk Powder market on the basis
gamigo Announces Global Acquisition of Fiesta Online
• Acquisition of rights to top game Fiesta Online boosts further revenue and EBITDA growth • Stake in Intenium Technologies increased to 100% Hamburg, 02 March 2016 – gamigo AG (“gamigo,” bond ISIN: DE000A1TNJY0), a leading player in the fast growing games market in Europe and North America, today announced the acquisition of the global rights to the successful Fiesta Online brand from South Korean developer Ons On Soft. Fiesta Online is one of the
Mexican Fiesta Arrives at the Press Club
The Press Club is hitting the piñata on the head with its newest culinary showcase. Mexican fare is firing up palates at the Press Club Hanoi this month. From June 18 to 24, hang your sombreros at the Bar Lounge before digging into Mexican favourites such as baked corn quesadillas, chicken tacos with cheese, and chili beef burritos, served with traditional Mexican sides of baked beans, salad, sour cream, guacamole and
Designers Fiesta 2 Gets More Festive with 3 New Sessions
London, UK (September 22, 2011) – The Designers Fiesta 2, an event by Academy Class featuring workshops on digital media, improves its agenda with the addition of three new sessions. Happening on Friday, September 23, at 15Hatfields in London, the event’s last-minute inclusions acknowledge the latest in popular design topics, such as creating tablet-optimised output and code-free web development. From these three new sessions, two are to be presented by existing
Academy Class Brings Design to London with Designers Fiesta 2
London, UK (September 19, 2011) — The Designers Fiesta 2, an event hosted by digital media training company Academy Class, comes to the London Design Festival this week to bring a day’s worth of graphic design sessions from certified experts and instructors. Happening on September 23 at 15Hatfields in London, attendees can improve their credibility as creative professionals by learning from a total of eighteen sessions occurring throughout the day. Academy
Quirk Ford: No Fiesta Shortage Here
August 31, 2010, Quincy, MA… At Quirk Ford in Quincy, MA, General Manager Paul Zupofska looks at the collection of Fiesta subcompacts on his lot. Inventory is high at the moment for Ford’s popular new model, but a new shipping delay could leave Greater Boston Ford buyers waiting to get behind the wheel of the eco-friendly car. Ford halted all shipments of the 2011 Fiesta from its production plant in Mexico