Archive for the ‘Playfish’ Category

Vostu Files Countersuit Against Zynga

Riley Kennysmith | July 21, 2011 | 542 views | Add a Comment
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Brazilian social gaming company Vostu has filed a countersuit against Zynga. Zynga’s initial suit claimed that Vostu copied game designs from Zynga, and Vostu’s new suit says other gaming companies have layouts similar to Zynga’s as well—and some of them came out with their games prior to Zynga’s versions. The New York Times explains how the new suit claims that Zynga can’t claim copyright on everyday items in their games, such as barns or farms.

Christa Quarles Hired As CFO Of Playdom

Amit Chowdhry | December 8, 2009 | 1,089 views | Add a Comment
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Christa Quarles
Christa Quarles was a research analyst with Thomas Weisel. However there is a report that she has joined social gaming company Playdom as the company’s new CFO. Last year Quarles was ranked the fifth best brokerage analysts by Forbes. This indicates that Playdom is either interested in a buyer or is planning to go public sometime in the near future.

Playdom competitor Playfish sold to EA for $400 million. Another Playdom competitor Zynga.com is making hundreds of millions in revenues every year. Playdom’s business model has been proven by these two rivals. Playdom themselves raised $43 million in funding. The company is also inching towards $60 million in revenues this year.

EA BUYING SOCIAL NETWORK GAMING COMPANY PLAYFISH FOR $400 MILLION

Amit Chowdhry | November 9, 2009 | 1,361 views | 2 Comments
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Electronic Arts Inc. (NASDAQ:ERTS) has closed an acquisition deal with Playfish. Playfish is a company that designs games for social networks such as Facebook. EA is spending $400 million to buy out Playfish. Of the $400 million, $300 million will be given upfront and the additional $100 million will be paid as an earn-out. Rumor has it that EA was considering buying out Playfish competitor Zynga Inc. too.

This past September about 250 million people played games on Facebook. One of Playfish’s most popular games called Pet Society has over 20 million active users. Playfish was started by Kristian Segerstrale and Sebastien de Halleux. Playfish raised venture capital from Accel Partners and Index Ventures.

Playfish: About 100 Million Games Installed In 18 Months

Amit Chowdhry | July 2, 2009 | 732 views | 1 Comment
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Playfish is a company that designs game applications for social networks and mobile devices.  Playfish games are available across platforms such as MySpace, Facebook, the iPhone, Google Android, and Bebo.

The company has just announced that they have received about 100 million downloads of their games over the last 18 months. According to the company’s statement regarding the 100 million download, it took the board game Monopoly about 45 years before they reached this milestone.

However installing games through Playfish is free of charge, giving users more accessibility to them.  Playfish has about 30 million monthly active players and 7 published games.  And each of the games were a top 10 on Facebook.

[via IndustryGamers.com]

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