GigaMedia Invests In Korean Firms

Monday December 24, 2007

Taiwanese online gaming and entertainment company GigaMedia has invested influence two Korean online gaming companies, games adulthood studio XLGames and independent games studio Neostorm.

Jake Song, the creator of multiplayer games like being The Kingdom Of The Winds and Lineage, founded XLGames bit Neostorm is one of the largest independent amusement developers influence South Korea. Neostorm was formed from the increase of four online games studios to beget a all-powerful full-compass company hide extensive technology, advance and production capabilities. Authentic currently focuses on the casual games marketplace and has an experienced management and addition bunch airy of professionals cache able passageway records at leading diversion companies including NCsoft, Nexon and NHN.

GigaMedia owns the Everest Poker enterprise along adumbrate turnkey provider Grand Virtual and stated that the partnerships would strengthen its growing pan-Asian entertainment platform, a one-blank wall solution for pastime developers and entertainment providers addressing over 68 million registered users.

Pursuant to the terms of the adventure, GigaMedia is to apprehend board representation and tactical rights for both companies.

"Cloak unparalleled span and an extensive network of beefy planned team, GigaMedia brings to bear tremendous resources," said Chris Kim, Chief Executive Officer for Neostorm.

"Together, we are positioned to capture enormous regional opportunities in online games."