Software media company RealNetworks adds Game Trust to its gaming technology division.
Technology and entertainment company RealNetworks announced the acquisition of Game Trust, a technology provider for online and casual games, for a rumored $20 million. That sales price would imply that Game Trust yielded a small return for its investors, who invested $16 million in funding, including Draper Fisher Jurvetson, CSK Venture Capital, Intel Capital, New Jersey Technology Council, Silicon Alley Venture Partners, TopSpin Partners and Patriot Capital Funding. RealNetworks will add Game Trust's online game networking and content systems to its suite of casual game tools that it offers its major media partners.
"This will enable those customers to have a community, play games with each other and interact, putting the social network capability into casual games," Harold Zeitz, Real's Senior Vice President for Games, told Reuters.
He added, "Our partners want to add social networking to their sites to further engage their game players. This acquisition will create enhanced consumer experiences for our partners' offerings and for Real's casual games players."
"We are very excited to join Real and push the casual games industry forward. This agreement unites the industry's top content, top distribution, and top technology platform. The players will ultimately benefit," said Adeo Ressi, Chief Executive Officer of Game Trust.