Zattikka plc, a social and casual internet games development and publishing business, has listed in AIM. The Company has completed a placing with institutional and other investors, raising approximately £12.6 million, with proceeds to be used to fund the acquisition of three online games companies and ongoing working capital.
Zattikka is a newly-incorporated company, focused on developing and publishing interactive games entertainment products across internet connected platforms, through various media channels. These channels include PC web browsers, social networks, mobile devices (including smartphones and tablets), connected consoles, and other emerging platforms including IP TVs and set top boxes.
Contemporaneous with admission, Zattikka will complete the acquisitions of three online games companies:
- Hattrick Holdings
- Sneaky Games, Inc.
- Concept Art House, Inc.
The acquisitions will provide Zattikka with products that can then be sold to end-customers in key European, US and Chinese markets, either directly through its own websites, or through third-party digital distribution channels or other new digital platforms.
The vision for the Company is to become a large scale, diverse games publisher with products operating across growth digital platforms, and with a targeted geographic emphasis in Europe, the US and China. The Company proposes to achieve this by developing Zattikka through strategic acquisitions and accelerating on-going organic growth.
Mark Opzoomer, Chief Executive Officer, said, “We are delighted to list on AIM to provide the capital base and incentivise the entrepreneurs joining our group. We begin with a strong group of companies with operations in key gaming centres in the USA, China and Europe, a mix of revenues across subscriptions, virtual goods and work for hire with an exceptional team of talent. We have a great opportunity before us to accelerate the growth of this initial group across multi-platforms to create a world class games entertainment group.”