Xurpas buys into Singapore's games developer MatchMe

Xurpas Inc. is deepening its presence in the Singaporean market after it acquired a significant stake in MatchMe Pte. Ltd., a mobile and web tournament games platform, for $1.4 million or P62.714 million.

 

In an e-mailed statement Tuesday, Xurpas said it has invested $1.4 million for a 31.52 percent stake in MatchMe, a company engaged in the development, licensing and operation of mobile- and web-based, real-time, multiplayer platform for mobile games.

 

The platform is also open to third-party game content integration. This means third party developers from around the globe can offer their players synchronous, real-time tournaments.

 

“The reason why we raised money through our [initial public offering] last year is to expand our product line and to significantly enlarge our distribution platform. These goals are now being realized," Xurpas president and CEO Nix Nolledo said in the statement.

 

Nolledo noted that casual mobile games is one of Xurpas’ biggest growth drivers.

 

"As consumers move from feature phones to smart phones, new platforms like MatchMe enable to us to deliver amazing experiences to the next wave of mobile gamers,” he said.

 

Under the terms of the agreement, Xurpas gets the right and the license to use, integrate, publish, distribute, market and promote the MatchMe platform and related game content.

 

It also gives Xurpas exclusive rights to use MatchMe for telco deployment in the Philippines, Indonesia and Thailand.

 

“The shared synergies and goals between our companies ring true on a variety of levels, not the least of which is bringing entertaining and competitive experiences to mobile and web-based gamers throughout Southeast Asia and beyond," MatchMe co-CEO Hal Bame said in the same statement.

 

MatchMe is the fourth company Xurpas invested in since debuting on the Philippine Stock Exchange in 2014. It is also the second Singaporean company it bought.

 

The first was a Singapore IT company Altitude Games PTE Ltd., a transaction involving a 21.78-percent stake for $740,800. 

 

This was followed by the acquisition of 51 percent of local tech firm Storm Flex Systems Inc. at a purchase price of $4.3 million. 

 

Just last Friday, Xurpas bought a 49-percent interest in Indonesia's PT. Sembilan Digital Investema, owner of Ninelives Interactive for $245,000. – Danessa o. Rivera/VS, GMA News