High 5 Games Acquires Electrotank; Expands Real Money and Social Game Line-Up
20 June 2013
On Monday, High 5 Games and Electrotank, Inc revealed that High 5 Games will acquire all of Electrotank’s intellectual property and assets. The two companies have worked together closely in recent history to move some of High 5’s landbased games into the Facebook sphere.
“This move will allow High 5 Games to strengthen and finalize our upcoming Game Server Platform, which will allow our content to be real-time streamed to both regulated real-money gaming sites, as well as to social casino sites throughout the world,” said Anthony Singer, CEO of High 5 Games in a press release. “We are overjoyed to bring in the many talented individuals from Electrotank into High 5 Games.”
Electrotank is a company known not only for its high-performance online game development (used by the likes of Disney, MTV Nickelodeon and Comedy Central), but also its server technology, which allows for robust real-time multiplayer gaming.
This acquistion, like the new partnership between Bally Technologies and iSoftBet we reported about a few hours ago, seem to be the start of a trend that has American software companies setting their sites on regulated real-money and social-based markets outside the United States. With state and federal online gambling regulation still in the fledgling stages in the United States, it seems its prominent software providers want to secure their piece of the international profit pie to be better positioned for the US market when and if it comes online.