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6 waves Receives $17.5 million investment from Insight Venture Partners

January 21, 2010| 1 min. read

Hong Kong-Six Waves Inc. (6 waves), Asia's largest social game publisher, today announced that Insight Venture Partners, a leading global technology and internet investment firm, invested $17.5 million in the company. The investment will be used to build infrastructure and a distribution pipeline to consolidate 6 waves' strong market share on the Facebook platform and support the Company's international expansion and platform extension.

"Social games have expanded rapidly fueled by the strong growth of social networks", said Rex Ng, co-founder and CEO of 6 waves. "Millions of people are connecting with each other and players globally, to meet online and play together everyday. We are excited about this new relationship with Insight given their knowledge and experience of online gaming and their dedication to helping us build geographic diversification and an unparalleled consumer experience."

6 waves today has over 50 million monthly active users playing its games coming from various countries all over the world. The current game portfolio has over 20 published games including the established and successful games like World Poker, Happy Harvest, Animal Paradise and My Fishbowl, along with recently released games like Happy Hotel, Dress Me Up and Shadow Empire. 6 waves works with the developers by providing distribution, localization, monetization and infrastructure solutions to help partners grow exponentially on the social media space. The collaboration with the best developers all around the world enables 6 waves to provide consumers a constant stream of interesting and fun games to play.

"We support 6 waves' vision to connect people through games and provide a fun, interesting and energizing environment for consumers." said Jeff Horing, managing director at Insight Venture Partners. "We have been impressed by 6 waves' strong adoption in the Company's core markets as well as their demonstrated ability to successfully transition games to new geographies and languages." 6 waves intends to use this new funding to develop infrastructure and capabilities to fully support its expanding network of dedicated social game developers. The Company further plans to grow its team to manage its explosive geographic growth and to ensure players continue to receive a high quality experience.

About Six Waves Inc

Six Waves Inc is the leading international publisher and developer of gaming applications on the Facebook platform. The company aims to publish the next generation of social games to cover every genre, language, and platform. Six Waves Inc aims to scour the Earth, and bring the most fun and exciting games to your local social network in the language you speak! The company currently has over 50 million monthly active players on our games, and growing aggressively. The company's published games portfolio include some of the big hits such as Happy Harvest, My Fishbowl, World Poker. For more information visit www.6waves.com

NEWS SOURCE: www.6waves.com