Arkadium had numerous funding options but we chose Edison Ventures due to their industry expertise, deep operational network and strategic focus. We’re excited to have Ryan Ziegler join the Board.
Lawrenceville, NJ (PRWEB) March 14, 2013
Edison Ventures proudly announces a $5M growth capital financing in leading casual games developer, Arkadium. Edison’s investment is the first outside capital in Arkadium. The investment will expand the Company’s proprietary distribution network, accelerate product innovation and rapidly increase the number of cross platform game titles put into development.
Arkadium develops best in class games across multiple platforms. Interactive experiences are created within mobile, Facebook, Microsoft Windows (desktop, tablet and phone) and the web. In partnership with Microsoft Studios, the Company developed many of the top titles on the new Windows 8 operating system, including Taptiles®, Microsoft Solitaire Collection, Microsoft Mahjong and Minesweeper. Arkadium’s unified Connect Platform and analytics power the development of original content titles while providing large brands and publishers worldwide with Games as a Service.
“Our relentless focus on differentiated, capital efficient business models, company building initiatives and value-added network jelled with Arkadium’s team. Arkadium partnered with Edison with a goal to become the #1 casual games developer,” stated Ryan Ziegler, Edison Principal who led the investment. “This high-growth technology Company is uniquely positioned to leverage an exciting content strategy with its proprietary user network and powerful distribution relationships,” commented Tom Vander Schaaff, Partner who led diligence. “Based in New York and with an established development footprint internationally, now is the time to capitalize on the strong trends in interactive entertainment for mobile and social operating environments,” remarked David Nevas, Principal.
“Arkadium had numerous funding options but we chose Edison Ventures due to their industry expertise, deep operational network and strategic focus. We’re excited to have Ryan Ziegler join the Board,” stated Kenny Rosenblatt, CEO. “We’ve been profitable since founding the business. The partnership with Edison brings a capital partner with the track record and resources to help rapidly and efficiently scale the business,” noted Jessica Rovello, President.
Arkadium marks Edison’s 18th investment in New York. It is part of Edison’s growing interactive marketing and digital media portfolio. The Interactive Marketing and eCommerce industry segment includes investments in advertising and marketing technology, data services, digital media, consumer, eCommerce, mobile and the social media economy. Notable investments include ACT!, Dendrite, Fishbowl, Gain Capital, Liberty Tax, Lifebooker, Magnetic, MediaBrix, MotionSoft, Neat, NetProspex, Operative, PlumChoice, Snap One and Vocus.
About Edison Ventures
Established in 1986 Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to later stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s investment professionals are based in Lawrenceville, NJ, New York, NY, McLean, VA, Needham, MA, and Cleveland, OH. Industry specialties include Financial Technology, Healthcare IT, Interactive Marketing and eCommerce and Enterprise 2.0. Edison’s successes include Best Software, Cambridgesoft, Dendrite, Gain Capital, Liberty Tax, M5, Magnetic, Marcam, Mathsoft, MediaBrix, Neat, NetProspex, Octagon, PlumChoice, Tangoe, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Ventures currently manages over $700 million and actively making new investments. For more information on Edison Ventures, please visit http://www.edisonventures.com and follow us on Twitter @edisonventure.
Arkadium, creators of the largest library of casual games in the world, has been a prominent game development studio for over 12 years. Whether it’s with cards, cubes or the occasional monkey, the company delivers entertaining and addictive gameplay for all demographics. Their easy-to-play, hard-to-quit games include the hits Taptiles®, Sparks, Trizzle, Mahjongg Dimensions and countless others. Over ten million consumers worldwide enjoy Arkadium’s games every month on the web, mobile devices, Facebook and Windows 8.
Arkadium has also pioneered the launch of hundreds of games through its partnership network of brand and publisher sites including MSN, CNN, The Washington Post, AARP, Discovery and many more. The company is a comScore top 20 game distributor with its Arena product, a white-label casual game solution that can integrate seamlessly into any web or mobile property. Arkadium is headquartered in New York City, with offices in Canada and Ukraine. For more information visit http://www.arkadium.com.