Backstage Technologies acquired by RealNetworks.
TELECOMWORLDWIRE-September 15, 2010-Backstage Technologies acquired by RealNetworks(C)1994-2010 M2 COMMUNICATIONS http://www.m2.com
Digital entertainment services company RealNetworks Inc (NASDAQ:RNWK) announced today that it has acquired Canadian social games company Backstage Technologies Inc.
The company said it expects to gain valuable expertise in both engineering and monetising games for GameHouse, ita[euro](tm)s digital games division, through the acquisition. The addition of the Backstage games portfolio will also extend GameHousea[euro](tm)s presence in the market as a social games developer, according to the company.
The Backstage portfolio includes a number of social games such as Pull Tabs, Scratch and Win, Slots and Vinyl City. Backstage employees will continue to work at its Victoria, BC office.
RealNetworks said that the cash purchase price for this transaction was a[euro]not materiala[euro](tm), although it gave no specific details. It also said that the acquisition is not expected to significantly affect its revenue or EBITDA for 2010.
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|Date:||Sep 15, 2010|
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