TOKYO--(BUSINESS WIRE)--Nexon Co., Ltd., the global publishing leader of microtransaction-based massively multiplayer online games (MMOGs) and one of the largest global online entertainment companies in the world, today announced a strategic investment in Six Waves Inc. This investment, along with Nexon’s recent launch of MapleStory Adventures on Facebook, extends Nexon’s strategy of bringing its compelling, immersive gameplay and its pioneering microtransaction-based business model into the rapidly-growing social gaming market. Terms of the investment were not disclosed.
Six Waves Inc. is a global publisher of social games which has recently merged with top-ranked developer, Lolapps, Inc., to form 6waves Lolapps in order to become one of the largest social gaming networks with games on multiple social networking platforms, including Facebook.
“We are thrilled to be teaming up with 6waves Lolapps in such a significant way,” said Seung-woo Choi, CEO of Nexon Co., Ltd. “By joining forces, we are combining 6waves Lolapps’ experience in publishing and developing social games with our extensive knowledge of free-to-play games and the microtransaction business model. We made this investment because we believe that 6waves Lolapps places the same value that we do in providing exciting games to our players and driving growth for the company by doing so.”
“Our companies complement each other nicely and we both have different expertise to offer this partnership,” said Rex Ng, co-founder and CEO of Six Waves Inc. “As a result, the beneficiaries of this relationship will be our players who will receive great content, games and adventures.”
In conjunction with the transaction, Nexon will assume board seats on 6waves Lolapps’ Board of Directors.
About Nexon Co., Ltd.
Nexon Co., Ltd. is a worldwide leader in microtransaction-based online games. Headquartered in Tokyo, Japan, Nexon was founded in 1994 to bring the best in online entertainment to the world, and currently services 30 online games in 72 countries. In 1996, Nexon developed the world's first graphic massively multiplayer online game (MMOG). Nexon also pioneered the microtransaction business model beginning in 2000, in which play is free and users can purchase in-game items to enhance their gaming experience. KartRider, MapleStory, and Dungeon & Fighter are among Nexon’s most popular franchises and have been played by more than half a billion players worldwide. The company is privately held.
About 6waves Lolapps
6waves Lolapps is one of the largest social gaming networks. The company was formed in 2011 when global publisher of social games Six Waves Inc. merged with fast growing social game developer Lolapps, Inc. Focused on global growth, the company has offices in the United States, Japan, Hong Kong and the United Kingdom, with its games reaching approximately 35 million global monthly active users. 6waves Lolapps aims to bring the best gaming experience to the world’s most popular social platforms.