Feeds

Glu Mobile files for $92m IPO

Eyes up European expansion

Choosing a cloud hosting partner with confidence

Mobile phone games publisher Glu Mobile has filed for an IPO on the Nasdaq; looking to raise up to $92m in the new year. The money will be used to pay off $12m of current debt, with the rest funding European expansion.

Glu purchased UK publisher iFone in March this year for $23.5m, and has been attracting attention as a possible acquisition target for companies looking to expand into mobile gaming. The interest is despite it losing $17.9m in 2005, and over $10m in the first nine months of 2006 - but these days it's not about revenue but market share.

There is a consensus in the industry that mobile gaming is about to explode, and that the revenue potential is largely unrealised. According to a recent report from Gfk, 4.5 per cent of UK mobile users download a game in a typical month, which is the highest in Europe but still seen as an opportunity for expansion rather than evidence of lacking consumer interest.

In such a climate, an IPO from Glu Mobile should have little difficultly raising funds and expanding into the mature European market, where it can find out if the majority of consumers really want games on the go. ®

Intelligent flash storage arrays

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.