DealTracker - 7Seas Tech Acquires German Gaming Firm, Neodelight
Posted on January 12th, 2008 by dhirender
7Seas Technologies, a Hyderabad-based gaming company, has reportedly acquired Neodelight, the gaming division of Germany-based Neokolor GBR. With this buyout, 7Seas will get the full IP rights to the Neodelight brand, games, game engine and its website.
Neodelight has developed 33 games, for which it owns the IP rights, which along with its gaming engine seems to have been the reason for the acquisition.
7Seas already has its own casual gaming website, and plans to invest around $20 million (Rs 80 crore) over the next two to three years. The Rs 1-crore company expects to garner revenues of around Rs 6 crore this year and Rs 20 crore by 2009.
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