Acquisition allows company to expand its reach in the region
THE acquisition of Mobimedia by an ASX listed company specialising in gaming and entertainment is set to provide players in the region with an enhanced gaming experience.
Streamplay Studios announced its acquisition of Pacific VAS operator Mobimedia which it described as a strategic move which would expand its gaming offerings in the Pacific region.
A media release from the company said Mobimedia was a leading provider of mobile value-added services in the Pacific and was known for its innovative and engaging mobile products. It said the acquisition would bring a wealth of experience and expertise in mobile content to Streamplay Studios, allowing them to better serve their customers in the Pacific and African regions.
Streamplay Pacific chief executive Sandip Chand said the acquisition would allow them to expand their reach and capabilities.
“We look forward to working with the talented team at Streamplay to bring even more engaging and entertaining content to our customers in the Pacific region,” said Mr Chand.
He said the acquisition of Mobimedia was a strategic move for Streamplay Studios, as it would allow them to tap into the growing Pacific mobile market.
According to Mr Chand there have been massive changes as a result of the acquisition.”Bigger team development with offices in Sydney Australia, Cape Town South Africa, Fiji, Papua New Guinea, and the Solomon Islands and office in other PICs may occur soon.
“As a new CEO of Streamplay, this allows me global affiliation which so far was with 90 per cent of the Telcos in the South Pacific,” he said.
The acquisition was completed in December 2022 and will bring additional revenue streams to Streamplay Studios.