Keywords Studios acquires Wizcorp from Ankama and Silicon Studio Corporation
Source - SMW
Keywords Studios acquired Wizcorp for JPY 120m from Ankama and Silicon Studio Corporation.
Based in Tokyo, Japan, Wizcorp developed games on behalf of others mainly in the mobile space, with particular expertise in HTML5 and other mobile technologies, the company said.
The acquisition would extend Keywords' Engineering Service line by providing a platform for expansion in Japan's games development market, one of the largest in the world, the company also said.
'Whilst the business has not been a profit centre under its existing ownership structure, we would expect it to be able to achieve margins at similar levels to Keywords' existing Engineering Service line once we align it with our existing operations and build up its scale,' it added.