Kabam acquires Underworld Empire developer Phoenix Age
Social and mobile game developer and publisher Kabam has announced its acquisition of Phoenix Age, the developer of mobile and Facebook game Castle Age and iOS title Underworld Empire. The terms of the acquisition weren’t revealed, but the 44-person Phoenix Age team will continue to operate in its current offices.
“We jumped at the opportunity to bring Phoenix Age into the Kabam family,” said Kabam Chief Operating Officer Kent Wakeford. “Phoenix Age’s hit games and world-class talent further solidify Kabam’s leadership role in the free-to-play games space while expanding Kabam into new genres.”
Phoenix Age is Kabam’s first acquisition of 2014. Kabam has projected revenues of $550 – 650 million this year, and recently announced plans to publish games from WeMade Entertainment and Game Reign Network in Western territories. Since 2010, Kabam has acquired additional companies, including Exploding Barrel Games, WonderHill and Fearless Studios.
“We couldn’t be more excited about joining Kabam,” added Edwin Shew, co-founder of Phoenix Age. “Becoming part of their team instantly gives us the expertise, experience and infrastructure to scale our games to a global level we couldn’t achieve independently.
Phoenix Age is currently developing a new, unannounced title. Check back soon for more, or to follow Phoenix Age’s games on AppData, our tracking platform for mobile and social apps and developers.