Glu Acquires GameSpy Technology

Glu Mobile Inc

announced that it has acquired GameSpy Technology from IGN Entertainment. GameSpy is one of the leading providers of technologies and services for multiplayer and server-based gaming across a wide array of platforms. GameSpy services power online features that players now expect from games in a world of ubiquitous connectivity: multiplayer matchmaking, player statistics, individual player profiles, in-game buddy lists, leaderboards, and storage of game media, including screenshots, gameplay videos, and playable content. “Our acquisition of GameSpy brings Glu industry-recognized leadership in online, cross-platform technology infrastructure,” said Niccolo de Masi, Chief Executive Officer of Glu. “GameSpy's battle-tested team will enable Glu's product roadmap to include robust and highly scalable multiplayer and social functionality. We expect that the acquisition of GameSpy will be earnings neutral in the near term. However, GameSpy team and technology is expected to help us drive higher monetization and lifetime value in Glu's titles from 2013 on.”