6waves Lolapps today announced its acquisition of Beijing-based social gaming company Smartron5. The acquisition marks 6waves Lolapps’ continued expansion into the Asian market adding to its existing Hong Kong and Tokyo offices.
“The Asian market is complex and the Smartron5 team brings western-production values with a deep understanding of how to be successful in China,” said Rex NG, CEO of 6waves Lolapps.”
6waves Lolapps’ Asian presence now leaps to more than 75 people, globally the company now employs 170 employees.
Smartron5’s CEO, Gage Galinger will become 6waves Lolapps’ Vice President of Content Development and will head up operations in China. The Smartron5 team will be focused on product development for the local social and mobile market.
Smartron5, backed by London listed private equity group Origo PLC, focuses on social games for Asian and international social networks. The terms of the acquisition were not disclosed.