Big acquisitions do happen in mobile – but they usually take place between hardware manufacturers. Don’t ask me why and how the folks at HandMark’s managed to buy up Astraware two years ago – but the company is now solo again.
A press release has just gone out. It states the following:
KANSAS CITY, MO and LONDON, UK – January 27, 2010 – Handmark®, the world’s leading developer and distributor of mobile applications and services, today announced it has spun off its mobile games studio, Astraware, as the company streamlines its business to focus on other strategic areas of mobile development and support.
Astraware returns to the management of Howard Tomlinson and David Oakley, two of the original founders, and will remain a Handmark preferred partner. Handmark will continue to support Astraware on a variety of distribution and promotional opportunities.
“We saw a great opportunity to join forces with Astraware to help create and extend a collection of fun, well-designed mobile games titles to a new audience, and we did just that,” said Paul Reddick, Handmark CEO. “I still see a great opportunity for their team to continue proving their leadership as a major player in mobile games and we will continue to work alongside them.”
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The financial details of the agreement were not disclosed.
P.S. I asked them about specifics of the deal at a tradeshow two years ago – and got a really really pissed off HandMark manager on my back…
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