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WirelessDevNet.com Press Release
Reaxion Expands Its Mobile Gaming Foot Print with Acquisition of 3SYM
Seattle, WA, June 23, 2004— Reaxion Corp., a leading developer and publisher of mobile games, entertainment and communication applications, today announced the acquisition of the Byelorussian development company, 3SYM. 3SYM’s developers are best known for their work on the popular multi-player Brain Game series for Game Boy Advanced and Sony PlayStation. The Company specializes in development on BREW, Symbian and J2ME platforms and will strengthen Reaxion’s current position in the mobile gaming market by adding new multi-player and strategy game expertise. In addition, 3SYM will provide Reaxion with the bandwidth necessary to realize new projects and ideas currently on-hold because of team overload.
"Reaxion’s acquisition of 3SYM significantly accelerates the development of our mobile games business, which is central to the growth of our company," said Misha Lyalin, CEO Reaxion. "We appreciate the highly skilled professionals available in CIS countries (former USSR). Reaxion is proud of the quality, creativity and degree of technical difficulty our team is able to tackle."
CIS countries are now experiencing wide-scale adoption of wireless services. By the end of April 2004, in Russia alone, the number of subscribers reached over 44 million. Demand for Value Added Services (VAS) for mobile technology also grew by an astonishing 250 percent, according to J'son & Partners (www.json.ru). Eastern European development companies, such as 3SYM, have been taking advantage of this explosive growth by continuing to build their skills in mobile development.
3SYM’s developers will be integrated into Reaxion’s Russian development team. Reaxion currently employees over 30 developers in the US and Russia. Reaxion is unable to disclose the financial terms of this acquisition.
About Reaxion
Founded in 2001, Reaxion is a privately held company headquartered in Seattle, with offices in Moscow and Los Angeles. As a leading developer and publisher of mobile games, entertainment and communication applications, Reaxion’s mission is to offer technology and entertainment that create compelling communities subscribers will want to return to again and again. Mobile clubs, magazines, multi-player games and community platforms increase profits for carriers and entertainment licensers by giving mobile phone users a reason to interact with wireless services on an ongoing basis.
Reaxion’s products and solutions are designed to support popular industry standards and interoperability with the leading handset manufacturers. As a game developer, Reaxion makes it easy for entertainment licensers to open up their content to the new mobile phone market.
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