22nd Mar 2016 10:33
LONDON (Alliance News) - Keywords Studios PLC on Tuesday said it has acquired Philippines-based Ankama Pte Ltd for an undisclosed sum.
Keywords, which provides technical services to the video games industry, said Ankama's sole asset is a business in Manila which provides services to support games made by Ankama SAS, such as Dofus, Wakfu and Tactile Wars.
Under the deal, Ankama's live operations team in the Philippines will be transferred to Keywords, which plans to signficantly expand the Manila studio as a base for Asian expansion.
"This mutually beneficial outsourcing arrangement with one of our established clients enables Ankama to benefit from the support of a trusted and efficient partner, while it gives Keywords a platform from which it can grow its presence in Asia with the benefit of the certainty of a four-year contract," said Keywords Chief Executive Andrew Day.
Keywords shares were up 2.1% to 216.91 pence Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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