FOR IMMEDIATE RELEASE
Corum Client Demonware acquired by Activision
Further Strengthens Activisions Online Multiplayer Development Capabilities
BELLEVUE, Wash., March 6, 2007 Corum Group Ltd., the global leader in merger and acquisition services to software and information technology companies worldwide, is pleased to announce the acquisition of its client, Demonware Ltd., an Ireland-based provider of network middleware technologies for console and PC, by Activision, Inc. (Nasdaq: ATVI), a Calif.-based publisher and distributor of interactive entertainment and leisure products.
The acquisition of DemonWare will enable us to eliminate many of the challenges associated with online multiplayer game development, reducing development time and risk, and allowing us to deliver consistent, high-quality online gaming experiences, Mike Griffith, CEO of Activision Publishing said. In addition to increasing our talent pool of highly skilled engineers, DemonWares suite of technologies combined with Activision own library of tools and technologies will enable us to easily share online development capabilities on multiple platforms across our development studios.
About DemonWare
DemonWare is the leading network middleware company in the computer games industry, providing online functionality to multiplayer games on all PC and console platforms. Founded in 2003 by Dylan Collins and Sean Blanchfield, the company has offices in Dublin, Ireland and Vancouver, B.C. Investors in DemonWare include Dublin Seed Capital Fund and Enterprise Ireland. For additional information, please go to www.demonware.net.
About Activision
Headquartered in Santa Monica, Calif., Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $1.5 billion for the fiscal year ended March 31, 2007.
Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Scandinavia, Spain, the Netherlands, Australia, Japan and South Korea. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.
About Corum Group
Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. With 11 offices globally, Corum has completed over US $6 billion in transactions in 15 countries in its over 20-year history, and publishes the industrys most widely distributed M&A research. Corums principals are highly experienced former tech CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US $20 million to build the worlds largest buyer database to help ensure unparalleled success in client engagements. For additional information, visit www.corumgroup.com.
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