iPhone game publisher Ngmoco has bought developer Freeverse and announced that it has raised a further $25 million in funding bringing its total – after three rounds – to over $40 million. The move is being seen as a further attempt by San Francisco based Ngmoco to create a leadership role in iPhone publishing, with an eye to the coming iPad market.
As well as publishing for iPhone, New York-based Freeverse has been operational in the Mac market since 1994. Its major iPhone hits have included Days of Thunder and Skee-ball, all of which have been paid apps, although Ngmoco looks likely to move the company over to a free-play model, with sales leveraged from in-app upgrades. Neil Young, CEO of Ngmoco told Techcrunch that the core company will produce about 20 iPhone games this year, with Freeverse targeted to generate the same number (http://bit.ly/8ZmPsF)
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