Unity Technologies Acquires Vanedge-funded Startup Playnomics

Posted by Techvibes NewsDesk

In February, predictive analytics firm Playnomics raised $5 million in a round led by Vancouver-based investment firm Vanedge Capital.

Just two months later, Playnomics has been acquired by Unity Technologies, a game engine company, reports VentureBeat.

Quoth VB:

The deal was signed and it has closed, so San Francisco-based Playnomics will now be part of Unity chief executive David Helgason’s growing empire. Unity hasn’t announced anything, but multiple confidential sources tell us the effort is part of Unity’s attempt to become a one-stop shop for game tools and services for developers. . . . Neither Playnomics nor Unity commented for this story.

Playnomics was founded in 2009 by Ramachandran and John Cheng. The company combines big data science with predictive analytics to provide developers and publishers with actionable information to affect game play behaviour and increase player retention, engagement, and monetization.

Company:
VanEdge Capital
Website:
http://www.vanedgecapital.com
Location:
Vancouver, British Columbia, Canada

Vanedge Capital is a new venture capital fund focused on investments in interactive entertainment and digital media businesses. We make investments where our unique combination of operating leadership and management; subject matter expertise; relationships with technology, creative, and management talent; and proven ability to pick hits in a hit-driven business will generate out-sized returns. We focus on... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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