Keywords continues spending spree with Japanese acquisition
Dublin based Keywords Studios has acquired Japanese group Wizcorp for JPY120m (€953,000) from Ankama and Silicon Studio.
Based in Tokyo, Wizcorp develops games on behalf of others mainly in the mobile space, with particular expertise in HTML5 and other mobile technologies.
Wizcorp, which employs 35 people, has annual revenues of JPY310m (€2.4m).
Wizcorp has yet to turn a profit, however the acquisition is in keeping with Keywords plans to increase its engineering arm, providing Keywords a platform for expansion in Japan’s games development market, one of the largest in the world.
Christopher Kennedy, regional MD - Asia of Keywords Studios said: “We are thrilled to welcome the Wizcorp team to join our fast-growing operations in Tokyo where we already employ 300 people.”
“Keywords is excited at the opportunities Wizcorp will bring the group and its clients in the Japanese market as it becomes the latest member of our global engineering service line.”
Wizcorp was established in 2008 and has provided game development as a service to a wide variety of Japanese publishers and developers such as LINE, Square Enix, Avex, and Yahoo Japan.
In addition, it has undertaken game development for its parent company, Ankama.