Consumer technology stock Xurpas Inc. is acquiring a 31.52-percent interest in MatchMe Pte. Ltd., a Singapore-based mobile and Web tournament games platform, for $1.4 million.
Xurpas said in the disclosure to the Philippine Stock Exchange it would receive the license and right to use, integrate, publish, distribute, market and promote the MatchMe platform and its related game content.
The agreement also gave Xurpas exclusive rights to use MatchMe for telco deployment in the Philippines, Indonesia and Thailand.
“MatchMe is a truly unique offering, potentially allowing millions of players to play against each other on any device, anytime, anywhere. The platform allows us to provide a unique game playing experience to consumers in the Philippines, the rest of Southeast Asia, and worldwide” said Xurpas president and chief executive Nix Nolledo in a statement.
MatchMe is engaged in the development, licensing and operation of a mobile and web based, real-time, multiplayer platform for mobile games.
The platform is open to third-party game content integration, which means by integrating with MatchMe, third party developers from around the globe can offer their players synchronous, real-time tournaments against friends and opponents.
“We’re delighted to have such a strong and strategic partner as Xurpas onboard,” said Hal Bame, co-CEO of MatchMe. “The shared synergies and goals between our companies ring true on a variety of levels, not the least of which is bringing entertaining and competitive experiences to mobile and Web-based gamers throughout Southeast Asia and beyond.”
MatchMe is the fourth company that Xurpas had invested in since holding an initial public offering in December 2014.