Gamevil announced today that it’s acquiring South Korea’s Waplesoft for an undisclosed price.
The deal shows that game companies continue a buying spree to shore up talent in the competitive mobile games market, which market researcher Newzoo expects could generate $25 billion in revenue this year.
Waplesoft was founded in 2008 and became known for its social network games. It is also making role-playing games such as Three Kingdom Battle Line and Elune Saga. The upcoming Elune Saga will be the first published under Gamevil’s ownership. It’s a hybrid mobile game that combines RPG action with card-collecting strategy through element- and turn-based gameplay.
Gamevil has had more than 400 million downloads of its mobile games, and it was founded in 2000. It works with more than 70 third-party game developers. Gamevil has 450 employees, while its Com2us division has 500 employees. Waplesoft has 30.