Ngmoco Acquires Virtual Pet Gaming Company Stumptown Game Machine

Ngmoco has acquired Stumptown Game Machine, a software company that designed iPhone application Touch Pet Dogs. Touch Pet Dogs hit about 5 million downloads thus far. Revenue is generated through virtual goods sold within the game itself. Ngmoco raised $40 million in VC funding and has bought out a few mobile companies since. Ngmoco acquired Freeverse earlier this year too. Ngmoco and Stumptown is working on a follow-up game to Touch Pet Dogs soon. [BusinessInsider]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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