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Gaming is one of the key activities of the group, whose portfolio includes a number of MMOs, social and mobile games.Among the most succesful ones are Skyforge, Legend: Legacy of the Dragons, Allods Online, Lovely Farm, Evolution: Battle for Utopia, Jungle Heat, Warface, Arche Age, Perfect World and others.The company has not become a “global leader” yet, but it employs more than 100 professionals and specialists in its offices in Belgorod and Moscow (Russia) and Berlin.They jumped to 619 million rubles (.8 million) in H1 2016, placing Pixonic 8th among Russian game publishers.Russia comes 6th with 1.5 million installs to date.Not a “global leader” yet When founded in 2009, Pixonic and its “Jedi team” aimed to become ”a leading global publisher.” The startup initially focused on developing and publishing social network games.
The Company will secure US 7.5 million in cash from the sale of 55% shares in MF Technologies pre-tax, and will be used to finance capital expenditures of Mega Fon as well as to repay the Company’s debt and, accordingly, reduce the leverage.
Group, a major Russian Internet company, announced the acquisition of Moscow-based mobile game developer and publisher Pixonic.
The LSE-listed group has acquired a 100% stake for million in cash, including million upfront and million deferred and based on performance indicators.
When founded in 2009 Pixonic and its "Jedi team" aimed to become a leading global player.
The startup initially focused on developing social network games.