Today former MySpace CEO Chris DeWolfe announced the acquisition of the social gaming firm MindJolt for an undisclosed sum. The acquisition was made with "financial support" from Austin Ventures, which may have invested upwards of $20 million in DeWolfe's organization, previously called Platform G. Following the acquisition, the combined company will be called MindJolt. Chris Pacitti and Tom Ball from Austin Ventures will join the new company's board of directors.
"MindJolt has quickly become an 'onramp' to the Internet for the world's independent game developers," said DeWolfe, now CEO of MindJolt, in a press statement. "We're building out the company to become the next generation platform for game developers. Our goal is to make it even easier for developers to get their games noticed and make more money from their work. At the same time we will deliver the most social and viral gaming experiences to our millions of users everywhere."
Several other former MySpace leaders are involved in the venture with DeWolfe, including former CTO Aber Whitcomb, former COO Colin Digiaro, and former SVP of Business & Corporate Development Josh Yguado. MindJolt co-founder Richard Fields will remain with the company.
MindJolt aggregates over 1300 casual games from 1000 different developers on its website and in its own Facebook app. MindJolt serves about 20 million monthly active users, most of whom use the Facebook app. User growth is continuing at a pace of about 7% per week.
MindJolt plans to monetize the casual games in its portfolio through brand sponsorships and virtual goods. The company intends to expand service to smartphones and more social platforms in the future, while working with developers to create both singleplayer and multiplayer games designed specifically for social play. The company's HQ is in San Francisco, with an office planned for Los Angeles.
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